Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Cavco Industries, Inc. recently reported their second quarter fiscal year 2026 earnings, showcasing both strengths and challenges.</li><li>Positive aspects included a 9.7% year-over-year increase in revenue, driven by a 5.4% increase in homes sold and a 4.4% increase in average revenue per home sold.</li><li>Operating profit spiked by 27% compared to the previous year, indicative of robust operational performance and cost management efficiency.</li></ul>

Cavco Industries, Inc. recently reported their second quarter fiscal year 2026 earnings, showcasing both strengths and challenges.Positive aspects included a 9.7% year-over-year increase in revenue, driven by a 5.4% increase in homes sold and a 4.4% increase in average revenue per home sold.Operating profit spiked by 27% compared to the previous year, indicative of robust operational performance and cost management efficiency.

Cavco Industries Is Rewiring Its Sales Machine — And the Market Share Upside Looks BIG!

<ul><li>Cavco Industries reported its fourth-quarter earnings for fiscal year 2025, revealing mixed performance results.</li><li>The company experienced financial growth but also faced several operational challenges.</li><li>On the positive side, Cavco Industries saw a strong performance in net revenue, reporting $508.4 million in the fourth quarter, a significant 21% increase compared to the previous year.</li></ul>

Cavco Industries reported its fourth-quarter earnings for fiscal year 2025, revealing mixed performance results.The company experienced financial growth but also faced several operational challenges.On the positive side, Cavco Industries saw a strong performance in net revenue, reporting $508.4 million in the fourth quarter, a significant 21% increase compared to the previous year.

Cavco Faces a Margin Squeeze—Can It Survive the Storm of Tariffs and Weather Shocks?

<ul><li>Cavco Industries, Inc. reported strong third-quarter results for fiscal year 2025, underscored by a combination of improved performance in its financial services and factory-built housing segments.</li><li>The company's EPS rose significantly by 30% sequentially, reaching $6.90.</li><li>Notably, the Financial Services segment recorded its strongest quarterly profit in four years, attributable to more effective underwriting, higher insurance premiums, and favorable weather conditions leading to lower claims.</li></ul>

Cavco Industries, Inc. reported strong third-quarter results for fiscal year 2025, underscored by a combination of improved performance in its financial services and factory-built housing segments.The company's EPS rose significantly by 30% sequentially, reaching $6.90.Notably, the Financial Services segment recorded its strongest quarterly profit in four years, attributable to more effective underwriting, higher insurance premiums, and favorable weather conditions leading to lower claims.

Cavco Industries: Expanding Financial Services Segment to Help Tilt The Competitive Dynamics In Its Favor!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...</li>
<li>...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059</li>
<li>Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...
...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059
Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More


DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

<ul><li>Cavco Industries, Inc. has presented its second quarter results for the fiscal year 2025, reflecting a period mixed with challenges and growth opportunities.</li><li>As a manufacturer of manufactured homes, modular homes, park model RVs, and commercial structures, Cavco's performance in the quarter was notably impacted by external factors, particularly Hurricanes Helene and Milton, which caused disruptions in the Southeast United States, a key market for the company.</li><li>Despite these disruptions, the company's proactive measures and resilience contributed to minimal operational damage and a swift recovery, showcasing strong crisis management.</li></ul>

Cavco Industries, Inc. has presented its second quarter results for the fiscal year 2025, reflecting a period mixed with challenges and growth opportunities.As a manufacturer of manufactured homes, modular homes, park model RVs, and commercial structures, Cavco's performance in the quarter was notably impacted by external factors, particularly Hurricanes Helene and Milton, which caused disruptions in the Southeast United States, a key market for the company.Despite these disruptions, the company's proactive measures and resilience contributed to minimal operational damage and a swift recovery, showcasing strong crisis management.

Cavco Industries Inc.: Enhancements in Sales Strategies & Market Penetration As A Critical Growth Lever!  - Major Drivers

United States

Cavco Industries, Inc. produces manufactured homes in Arizona and sells its products to independent retailers in various states.

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Cavco Industries (CVCO US)

Cavco Faces a Margin Squeeze—Can It Survive the Storm of Tariffs and Weather Shocks?

Cavco Industries reported its fourth-quarter earnings for fiscal year 2025, revealing mixed performance results. The company experienced financial...

Baptista Research

Cavco Industries: Expanding Financial Services Segment to Help Tilt The Competitive Dynamics In Its Favor!

Cavco Industries, Inc. reported strong third-quarter results for fiscal year 2025, underscored by a combination of improved performance in its...

Baptista Research

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

Cavco Industries Inc.: Enhancements in Sales Strategies & Market Penetration As A Critical Growth Lever! - Major Drivers

Cavco Industries, Inc. has presented its second quarter results for the fiscal year 2025, reflecting a period mixed with challenges and growth...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Cavco Industries Is Rewiring Its Sales Machine — And the Market Share Upside Looks BIG!

Cavco Industries, Inc. recently reported their second quarter fiscal year 2026 earnings, showcasing both strengths and challenges. Positive...

Baptista Research

Cavco Faces a Margin Squeeze—Can It Survive the Storm of Tariffs and Weather Shocks?

Cavco Industries reported its fourth-quarter earnings for fiscal year 2025, revealing mixed performance results. The company experienced financial...

Baptista Research

Cavco Industries: Expanding Financial Services Segment to Help Tilt The Competitive Dynamics In Its Favor!

Cavco Industries, Inc. reported strong third-quarter results for fiscal year 2025, underscored by a combination of improved performance in its...

Baptista Research

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

Cavco Industries Inc.: Enhancements in Sales Strategies & Market Penetration As A Critical Growth Lever! - Major Drivers

Cavco Industries, Inc. has presented its second quarter results for the fiscal year 2025, reflecting a period mixed with challenges and growth...

Baptista Research