CoreCivic stock hits 52-week high following strong earnings

CoreCivic, Inc. has reached a new 52-week high for its stock, trading near $34.72 following strong quarterly financial results and an updated annual guidance. The company reported quarterly revenue of $684.92 million, exceeding analyst expectations of $618.63 million by approximately 10.7 percent.

Earnings per share (EPS) for the quarter were $0.38, surpassing the consensus estimate of $0.34. Based on these results, CoreCivic has refined its full-year 2026 earnings guidance, projecting an EPS between $2.61 and $2.70.

In recent institutional activity, AXQ Capital LP acquired 30,700 shares of the real estate investment trust in the second quarter, a position valued at approximately $933,000. Other investors, including Smartleaf Asset Management LLC and Fifth Third Bancorp, have also adjusted their holdings in the company.