CAVA Stock Rallies 32% in a Month: Still a Buy or Too Late?
CAVA (CAVA) ZACKS·2024-08-30 21:55
CAVA Group, Inc. (CAVA) is on a tear, with its stock rallying 31.6% in the past month. The upside outpaces the industry's 7.8% rise and the S&P 500's modest 1% upward movement. CAVA's impressive momentum is fueled by a sustained increase in customer traffic and robust same-store sales growth, positioning it as a standout performer in the market. Ever since the company reported second-quarter 2024 results on Aug 23, the stock has increased 4.1%. CAVA reported earnings per share (EPS) of 17 cents, beating the ...