An investigation on behalf of investors of Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential securities laws violations by Cavco Industries, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cavco Industries, Inc. (NASDAQ: CVCO) concerning whether a series of statements by Cavco Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Phoenix, AZ based Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. Cavco Industries, Inc. reported that its Total Revenue rose from $773.79 million for the 12 months period that ended on April 1, 2017 to $871.23 million for the 12 months period that ended on March 31, 2018 and that its Net Income increased from $37.95 million to $61.50 million over those respective time periods.

Shares of Cavco Industries, Inc. (NASDAQ: CVCO) reached as high as $261.80 per share in September 2018.

On November 8, 2018, Cavco Industries, Inc. (NASDAQ: CVCO) announced executive leadership changes. Cavco Industries, Inc. said that the Company's Board of Directors has appointed Daniel Urness as President and Acting Chief Executive Officer, effective immediately.

Shares of Cavco Industries, Inc. (NASDAQ: CVCO) declined to a slow as $154.00 per share on November 12, 2018.