Casey’s General Stores (NASDAQ: CASY) is on track for a stock split that may happen in 2025 because its share price, up more than 525% over the past decade, is only heading higher, putting it out of reach of “average” investors. What does that mean? High-quality businesses like Casey’s General Stores tend to like their share price to trade at a level where average investors, including their employees, can afford to buy shares regularly. When the price gets too high, it’s time for a split.
Assuming average investors can’t spend thousands monthly to buy only two or three shares, Casey’s General Stores' share price is entering the stock-split zone. It trades above $425 and is heading higher, driven by self-funded growth, strong margins, and capital returns.
