Professional
Added to YB: 2026-09-16
Pitch date: 2026-07-14
CVCO [bullish]
Cavco Industries, Inc.
-5.06%
current return
Author Info
Tributary Capital Management combines rigorous investment research with a collaborative, client-focused culture. Sign up for the newsletter.
Company Info
Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States.
Market Cap
$4.1B
Pitch Price
$564.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.79
P/E
23.04
EV/Sales
1.68
Sector
Household Durables
Category
growth
Tributary Small Cap Equity New Position: Cavco Industries, Inc.
CVCO: Cavco is the third-largest U.S. manufactured-housing producer in a consolidated oligopoly whose top three players control roughly 80% of the market. Scale, vertical integration and a build-to-order model drive strong free cash flow, while housing shortages, affordability pressures and favorable demographics support demand. Fixed-cost leverage offers margin upside, and the strong balance sheet provides cyclical downside protection and flexibility for tuck-in acquisitions.
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