CVCO
Consumer CyclicalCavco Industries, Inc. · Residential Construction · $4B
What is Cavco Industries, Inc.?
Cavco Industries is one of the largest producers of factory-built housing in the United States, serving buyers across a wide range of price points and home styles. The company operates through manufacturing, retail, and financial services arms.
Cavco designs and builds manufactured homes, modular homes, park model RVs, and factory-built commercial structures. Its Factory-Built Housing segment sells homes through company-owned retail stores and a broad independent dealer network spanning 48 states and Canada. The Financial Services segment provides mortgages — both conforming and non-conforming — to buyers of factory-built homes, and also offers property and casualty insurance to manufactured home owners.
Cavco Industries was incorporated in 2003 and is headquartered in Phoenix, Arizona.
- Manufactured and modular homes across multiple brand names
- Park model RVs and vacation cabins
- Factory-built commercial structures including workforce and military housing
- Home purchase financing through conforming and non-conforming loans
- Property and casualty insurance for manufactured home owners
Is CVCO a Good Stock to Buy?
UQS Score rates CVCO as Good overall, reflecting a balanced profile across the five quality pillars.
The most notable pillar for Cavco is Risk, which scores Strong — suggesting the company carries a conservative financial structure relative to sector peers. Valuation also registers as Good, meaning the stock does not appear significantly stretched compared to its fundamentals.
The Moat pillar is rated Weak, indicating limited structural competitive advantages that would protect Cavco from rivals over the long term. Quality and Growth both sit at Neutral, pointing to an average earnings profile without standout expansion signals.
Pro members can view the exact pillar breakdown and full financial metrics behind the CVCO UQS Score at uqs-score.com. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CVCO pay dividends?
No — Cavco Industries, Inc. does not currently pay a dividend.
Cavco Industries does not currently pay a dividend. For a company operating in the capital-intensive manufactured housing space, retaining earnings allows reinvestment into production capacity, retail expansion, and the financial services segment. Investors seeking income should factor this into their assessment, while growth-oriented investors may view the reinvestment approach as consistent with long-term capacity building.
When does CVCO report earnings?
Cavco Industries reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Cavco's results tend to reflect broader housing affordability trends, as manufactured homes serve as a lower-cost alternative to site-built housing. Demand dynamics, input costs, and financing conditions in the consumer cyclical sector all influence quarterly outcomes.
For the most recent quarter's results and guidance, visit Cavco Industries' investor relations page directly.
CVCO Price History
+140.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Cavco Industries, Inc.?
Based on Cavco Industries, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CVCO Long-term Outlook
With Growth rated Neutral and Risk rated Strong, Cavco's fundamental outlook suggests a company that is managing its balance sheet conservatively while navigating a housing market sensitive to interest rates and consumer confidence. The manufactured housing segment benefits from structural affordability demand, but near-term expansion may be tempered by macroeconomic headwinds. The Weak Moat rating is a factor to watch, as pricing power and brand differentiation remain areas where Cavco faces ongoing pressure.
Growth drivers
- Persistent demand for affordable housing alternatives to site-built homes
- Integrated financial services segment providing financing and insurance to buyers
- Broad distribution network across 48 states enabling geographic reach
Key risks
- Interest rate sensitivity affecting both home demand and mortgage origination volumes
- Weak competitive moat leaving Cavco exposed to pricing pressure from rivals
- Consumer cyclical exposure making results vulnerable to economic downturns
CVCO vs Peers
Cavco competes in the broader US housing and factory-built home market alongside both traditional homebuilders and other manufactured housing specialists.
Tri Pointe focuses on site-built single-family homes in premium markets, targeting a higher price-point buyer than Cavco's manufactured housing customer base.
Champion Homes is Cavco's most direct competitor in the factory-built housing space, competing across similar product categories and distribution channels.
Meritage operates as a traditional site-built homebuilder with a focus on energy-efficient construction, serving a different segment of the housing market than Cavco.
Frequently Asked Questions
What does Cavco Industries do?
Cavco Industries designs, manufactures, and retails factory-built homes in the United States under more than a dozen brand names. It also builds park model RVs, commercial structures, and modular homes, while offering financing and insurance through its Financial Services segment.
Does CVCO pay dividends?
No, Cavco Industries does not currently pay a dividend. The company retains earnings to reinvest in its manufacturing operations, retail network, and financial services business rather than distributing cash to shareholders.
When does CVCO report earnings?
Cavco Industries follows a standard quarterly earnings cadence for US-listed companies. For the most up-to-date schedule and recent results, check the investor relations section of Cavco's official website.
Is CVCO a good stock to buy?
The UQS Score rates CVCO as Good overall. Its strongest pillar is Risk, while Moat is rated Weak. Valuation is Good, suggesting the stock is not significantly overpriced relative to fundamentals. The full pillar breakdown is available to Pro members at uqs-score.com.
Is CVCO overvalued?
Based on the UQS Valuation pillar, CVCO is rated Good — meaning the stock does not appear significantly overvalued relative to its fundamentals. For the detailed valuation metrics behind this rating, Pro members can access the full analysis on uqs-score.com.
How does CVCO compare to its competitors?
Cavco competes with both factory-built housing specialists like Champion Homes and traditional site-built homebuilders like Tri Pointe and Meritage. Cavco's integrated financial services arm and multi-brand distribution network distinguish it, though its Weak Moat rating suggests limited structural advantages over peers.
What is CVCO's market cap bracket?
Cavco Industries is classified as a mid-cap company. This places it in a segment of the market that typically offers more growth potential than large-caps but with greater stability than small- or micro-cap peers.
Who founded Cavco Industries?
Cavco Industries was incorporated in 2003 when it was spun off from Centex Corporation as an independent publicly traded company. Founding and leadership history is widely available through public filings and the company's investor relations materials.
Is CVCO a long-term quality investment?
As a long-term quality indicator, CVCO's UQS profile shows a Strong Risk pillar and Good Valuation, which are positive signals for durability. However, the Weak Moat rating suggests investors should monitor whether Cavco can build more durable competitive advantages over time.
What is the main competitive advantage of Cavco Industries?
Cavco's broadest advantage lies in its multi-brand portfolio, wide independent dealer network, and the integration of financing and insurance within the same business. However, the UQS Moat pillar rates this as Weak, indicating these advantages may not be deeply entrenched relative to sector peers.
What sector does CVCO belong to?
Cavco Industries is classified in the Consumer Cyclical sector. This means its business performance is closely tied to consumer spending, housing affordability, and broader economic conditions — factors that can drive meaningful swings in demand for manufactured homes.
Is CVCO a growth stock or value stock?
Based on the UQS pillar profile, CVCO sits closer to the value end of the spectrum. Growth is rated Neutral, suggesting moderate expansion signals, while Valuation is rated Good — indicating the stock may offer reasonable value relative to its current fundamentals.
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Pro Analysis
CVCO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 55.4 | 58.9 | 29.0 | 49.8 | 95.2 | 61.4 | -0.9 |
| May 22, 2026 | 56.3 | 58.9 | 29.0 | 51.9 | 95.2 | 64.7 | 0.0 |
| May 21, 2026 | 56.3 | 58.9 | 29.0 | 51.9 | 95.2 | 64.3 | -0.3 |
| May 20, 2026 | 56.6 | 58.9 | 29.0 | 51.9 | 95.2 | 66.6 | -0.1 |
| May 19, 2026 | 56.7 | 58.9 | 29.0 | 51.9 | 95.2 | 67.1 | 0.0 |
| May 16, 2026 | 56.7 | 58.9 | 29.0 | 51.9 | 95.2 | 67.3 | +0.2 |
| May 15, 2026 | 56.5 | 58.9 | 29.0 | 51.9 | 95.2 | 65.7 | -0.1 |
| May 14, 2026 | 56.6 | 58.9 | 29.0 | 51.9 | 95.2 | 66.6 | +0.1 |
| May 13, 2026 | 56.5 | 58.9 | 29.0 | 51.9 | 95.2 | 65.6 | +0.1 |
| May 12, 2026 | 56.4 | 58.9 | 29.0 | 51.9 | 95.2 | 65.3 | 0.0 |
CVCO — Pillar Breakdown
Quality
— 58.9/100 (25%)Cavco Industries, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 49.8/100 (20%)Cavco Industries, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 95.2/100 (15%)Cavco Industries, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 60.8/100 (15%)Cavco Industries, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 29/100 (25%)Cavco Industries, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CVCO.
Score Composition
Financial Data
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How is the CVCO UQS Score Calculated?
The UQS (Unified Quality Score) for Cavco Industries, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Cavco Industries, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Cavco Industries, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.