Casey's General Stores (CASY) closed fiscal 2026 with a "home run" as its strong execution beat macro headwinds and drove fiscal Q4 outperformance, RBC Capital Markets said in a Tuesday note.

The company reported fiscal Q4 earnings of $4.37 per diluted share, up from $2.63 a year earlier, as revenue rose to $4.57 billion from $3.99 billion. RBC noted that the quarter's earnings beat market consensus by 32%, increasing 66% year on year.

Casey's performance demonstrated its "advantaged positioning" in small markets and lower-cost geographies, attractive inside-store mix, and favorable fuel positioning, the investment firm said. Fiscal 2027 outlook also implies sustained momentum with up to a 10% growth in EBITDA, RBC added.

RBC raised its price target on Casey's General Stores to $794 from $792, with a sector perform rating.

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