Cavco Industries designs and produces factory-built homes primarily distributed through a network of independent and Co.-owned retailers, planned community operators and residential developers. Co. is a producer of manufactured homes. Co. is also a producer of park model RVs, vacation cabins and factory-built commercial structures. Co.'s finance subsidiary, CountryPlace Acceptance Corp. provides conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Co.'s insurance subsidiary, Standard Casualty Co., provides property and casualty insurance primarily to owners of manufactured homes. Co. produces residential homes in a variety of floor plans. We show 56 historical shares outstanding datapoints in our CVCO shares outstanding history coverage, used to compute CVCO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CVCO market cap history over the course of time is important for investors
interested in comparing CVCO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CVCO versus a peer is one thing; comparing
CVCO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CVCO can fluctuate over the course of history.
With this page we aim to empower investors researching CVCO by allowing them to research the CVCO market cap history. |
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Video: The Importance of Market Cap
