Caseys General Stores Trading Volume Plummets 35% to 485th Rank Despite Strong Financials

On June 18, 2025, Casey's General Stores (CASY) experienced a significant decline in trading volume, with a total turnover of $165 million, marking a 34.99% decrease from the previous day. The stock price also dropped by 0.33%, closing at $507.63. This decline placed Casey's 485th in the daily trading volume rankings.

Casey's General Stores has shown robust financial performance in its Q4 fiscal 2025 results, with diluted EPS surging 12.4% year-over-year to $2.63, net income climbing 13% to $98.3 million, and EBITDA jumping 20.1% to $263 million. The company has also expanded aggressively, opening 270 new stores in 2025 and acquiring Fikes Wholesale. However, recent insider sales have raised questions about the company's future prospects. Four insiders sold $7.0 million worth of shares in the past year, including a notable sale by Director Allison M. Wing of 1,000 shares at $502.16 in June 2025. While these sales could be part of personal financial planning or diversification, they have created some ambiguity among investors.

Despite the insider sales, Casey's has a strong market sentiment, with a 28.11% year-to-date gain and a market cap of $18.54 billion. The company's expansion strategy and dividend discipline, including a 14% hike in 2025, have fueled investor optimism. However, the disconnect between sellers and buyers among insiders has created some uncertainty. Director Mike Spanos has been a consistent buyer, accumulating $598,485 in shares over the past year, signaling his belief in the company's long-term value.

Casey's plans to open at least 80 new stores in 2026 could amplify revenue and EBITDA, which is projected to rise 10-12%. The company's low debt and consistent free cash flow provide a cushion for acquisitions and dividends. However, the stock's high valuation, with a P/E ratio of around 40, may be a concern for some investors. Wing's sale, timed near recent highs, could reflect profit-taking or concerns about slowing growth.

Casey's is forecasting that inside same-store sales will grow by 2% to 5% in fiscal 2026 and that EBITDA will grow by 10% to 12%. The company expects to continue its expansion and dividend discipline, which has been a key driver of its stock price performance. However, investors should remain vigilant to any signs of slowing store performance or margin pressure.