Casey’s General Stores (CASY) Gained 32% in Q1

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Soumya Eswaran

Wed, July 1, 2026 astatine 7:37 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin be downloaded here. The Strategy fell 7.72% (net) successful the 4th compared to -6.35% for the Russell Midcap Growth Index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Casey's General Stores, Inc. (NASDAQ:CASY). Casey's General Stores, Inc. (NASDAQ:CASY) is simply a US-based convenience store relation nether the Casey's and Casey's General Store names. On June 30, 2026, Casey's General Stores, Inc. (NASDAQ:CASY) closed astatine $794.79 per share. One-month instrumentality of Casey's General Stores, Inc. (NASDAQ:CASY) was 2.66%, and its shares gained 55.56% implicit the past 52 weeks. Casey's General Stores, Inc. (NASDAQ:CASY) has a marketplace capitalization of $29.41 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding Casey's General Stores, Inc. (NASDAQ:CASY) successful its Q1 2026 capitalist letter:

"Our preferences successful the Consumer-oriented sectors thin toward value-oriented oregon specialty retailers, franchise models, premium brands, oregon enactment services for different user companies. Casey's General Stores, Inc. (NASDAQ:CASY), an relation of 2,900 convenience stores crossed nineteen states, gained 32%. Reported mixed fiscal third-quarter results that included a top-line miss, with beats to EBITDA and earnings. SSS grew by 4%, accelerating from the fiscal 2nd quarter. Their outlook remains coagulated with beardown gross margins supported by a favorable mix. Geopolitical volatility has historically been nett affirmative for substance spreads. The bigger operator is chickenhearted wings, with the enlargement of this offering to much than 550 stores."

Casey's General Stores (CASY) - Among the 10 Best July Dividend Stocks to Buy

Casey's General Stores, Inc. (NASDAQ:CASY) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 43 hedge money portfolios held Casey's General Stores, Inc. (NASDAQ:CASY) astatine the extremity of the archetypal quarter, compared to 47 successful the erstwhile quarter. While we admit the imaginable of Casey's General Stores, Inc. (NASDAQ:CASY) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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