S&P 500 Stock Casey's Dropped 30% in Its Biggest Pullback Since the Great Recession -- Here's Why I'm Buying More

CASY has dropped 30% from its June all-time high, its biggest pullback since the Great Recession, and the multiple has compressed with it. The stock now trades at 31x earnings, down from roughly 50x at the peak.

Three factors drove the slide: disappointing earnings guidance, slowing inside sales growth, and concerns about consumer financial stress. Together they hit a name that had been priced for sustained momentum.

The bull case, as argued by The Motley Fool's author, rests on durability. CASY has posted 25 years of same-store sales growth and runs an acquisition strategy the author calls strong. Management plans to add more than 400 stores by 2029, which supplies a visible expansion runway even as near-term growth cools.

The author is buying more, treating the valuation reset from 50x to 31x as the entry point. Interpretation: the market has repriced CASY from a premium-growth multiple toward one that accounts for slower inside sales, but the long-term store-growth thesis described in the article is intact. That leaves the debate centered on whether guidance has truly reset expectations or whether further downside risk remains.