On September 9, Casey's General fell 14.77% in regular trading, trading at approximately $625.54/share, with turnover of $92.61 million. The sharp decline came after the company reported fiscal Q1 results that, despite beating Wall Street estimates, disappointed investors on key growth metrics and forward guidance.

Casey's General posted Q1 EPS of $7.37, significantly above the consensus estimate of $6.72 to $6.81, while revenue came in at $5.678 billion, up approximately 25% year-over-year and ahead of the $5.568 billion expected. Net income rose 27.1% to $273.7 million, and EBITDA grew 17.1% to $485.1 million. However, same-store sales growth decelerated to 3.2% from 4.3% in the prior-year period, and management maintained its fiscal 2027 EBITDA growth guidance of 8% to 10% without an upward revision, triggering a classic sell-the-news reaction.

Notably, prior to the earnings release, multiple banks had already trimmed price targets — Evercore ISI cut to $880 from $975, JPMorgan lowered to $833 from $975, and RBC adjusted to $910 from $913 — reflecting cautious expectations around the company's growth trajectory. The average analyst price target stands at $938.89 with an overweight consensus rating.

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