Casey's General Stores Inc. (CASY) Earnings: Q2 2026 Revenue Miss, EPS Beats

Casey's General Stores Inc. (CASY) — Q2 2026 Results

Total revenue for the quarter was $4.51 billion, up 14.2% year over year. This fell short of the consensus revenue estimate of $4.58 billion.

Gross profit rose to $1.12 billion (+17.0% YoY), while cost of sales came in at $3.38 billion (+13.3% YoY), supporting an expansion in underlying margins.

Operating profit improved to $298.7 million (+18.4% YoY) and net income attributable to common shareholders was $206.3 million (+14.1% YoY). Diluted earnings per share were 5.53, a beat versus the estimate of 5.30 and up 14.0% year over year.

Cash from operating activities strengthened to $347.1 million (+28.2% YoY). Capital spending increased to $171.1 million (up 54.6% YoY), reflecting heavier investment in property, plant and equipment.

Cash and cash equivalents on the balance sheet totaled $492.0 million (+39.9% YoY), while total liabilities stood at $4.78 billion (+8.8% YoY), indicating continued leverage alongside growth investments.

Casey's General Stores Inc. Insider Trading Activity

Casey's General Stores Inc. insiders have traded $CASY stock on the open market 26 times in the past 6 months. Of those trades, 1 have been purchases and 25 have been sales.

Here’s a breakdown of recent trading of $CASY stock by insiders over the last 6 months:

DARREN M REBELEZ (President and CEO) has made 0 purchases and 9 sales selling 20,000 shares for an estimated $10,156,643.
STEPHEN P JR BRAMLAGE (Chief Financial Officer) has made 0 purchases and 3 sales selling 9,238 shares for an estimated $4,702,791.
CHAD MICHAEL FRAZELL (Chief HR Officer) has made 0 purchases and 4 sales selling 8,295 shares for an estimated $4,359,790.
WILLIAMS ENA KOSCHEL (Chief Operating Officer) has made 0 purchases and 6 sales selling 8,000 shares for an estimated $4,063,747.
THOMAS P JR BRENNAN (Chief Merch. Officer) sold 6,600 shares for an estimated $3,339,798
KATRINA S LINDSEY (Chief Legal Officer) sold 2,000 shares for an estimated $1,012,140
ALLISON M. WING sold 1,000 shares for an estimated $502,160
MIKE SPANOS purchased 200 shares for an estimated $100,636

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Casey's General Stores Inc. Hedge Fund Activity

We have seen 386 institutional investors add shares of Casey's General Stores Inc. stock to their portfolio, and 404 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VONTOBEL HOLDING LTD. added 502,104 shares (+129.1%) to their portfolio in Q3 2025, for an estimated $283,849,433
CITADEL ADVISORS LLC removed 368,751 shares (-69.9%) from their portfolio in Q3 2025, for an estimated $208,462,315
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 321,359 shares (-25.4%) from their portfolio in Q3 2025, for an estimated $181,670,669
MORGAN STANLEY removed 275,986 shares (-17.2%) from their portfolio in Q3 2025, for an estimated $156,020,405
VICTORY CAPITAL MANAGEMENT INC added 206,777 shares (+35.4%) to their portfolio in Q3 2025, for an estimated $116,895,173
THRIVENT FINANCIAL FOR LUTHERANS added 185,331 shares (+3181.6%) to their portfolio in Q3 2025, for an estimated $104,771,320
THIRD POINT LLC added 140,000 shares (+38.9%) to their portfolio in Q3 2025, for an estimated $79,144,800

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Casey's General Stores Inc. Congressional Stock Trading

Members of Congress have traded $CASY stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $CASY stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/30, 06/11 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Casey's General Stores Inc. Analyst Ratings

Wall Street analysts have issued reports on $CASY in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Evercore ISI Group issued a "Outperform" rating on 10/21/2025
Stephens & Co. issued a "Overweight" rating on 10/08/2025
Wells Fargo issued a "Overweight" rating on 09/10/2025
Jefferies issued a "Buy" rating on 09/09/2025
Keybanc issued a "Overweight" rating on 07/25/2025

To track analyst ratings and price targets for Casey's General Stores Inc., check out Quiver Quantitative's $CASY forecast page.

Casey's General Stores Inc. Price Targets

Multiple analysts have issued price targets for $CASY recently. We have seen 10 analysts offer price targets for $CASY in the last 6 months, with a median target of $590.0.

Here are some recent targets:

Mark Carden from UBS set a target price of $600.0 on 12/03/2025
Pooran Sharma from Stephens & Co. set a target price of $600.0 on 12/03/2025
Michael Montani from Evercore ISI Group set a target price of $610.0 on 12/02/2025
Edward Kelly from Wells Fargo set a target price of $625.0 on 12/02/2025
Bonnie Herzog from Goldman Sachs set a target price of $490.0 on 09/10/2025
Kelly Bania from BMO Capital set a target price of $540.0 on 09/10/2025
Corey Tarlowe from Jefferies set a target price of $600.0 on 09/09/2025