Carrefour stock among strongest CAC 40 gainers, +5.5% in one month
The retailer is displaying one of the sharpest advances in the Paris index this Monday morning, in a nearly stable CAC 40, confirming its defensive profile in the face of uncertain market conditions. The performance is part of an upward momentum initiated over the past month, which technical indicators are reinforcing today.
A rebound of 1.67% that places Carrefour among the CAC 40 leaders
Carrefour stock gains 1.67% during the session and is trading at €16.47, in a Paris index that is barely advancing by 0.12%. This movement places the stock among the strongest gainers of the CAC 40, in a market where most large-cap stocks remain close to equilibrium. Over one month, the stock has already risen 5.61%, and over one year the gain reaches nearly 31%, reflecting a gradual rehabilitation of the file.
The VIX meanwhile rises to 16.28 on Monday, against 14.87 at the previous close, reflecting a slight uptick in implied volatility on American markets, without signaling any particular tension. In this environment, the retailer's defensive profile continues to attract arbitrage flows toward the stock when risk appetite moderates.
All moving averages back in support, resistance at €16.81 in sight
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The price is trading above its three moving averages: MA20 at €16.34, MA50 at €16.12 and MA200 at €15.75. This configuration, where the stock is advancing with a gap of more than 4.5% on the long-term average, underscores the strength of the underlying trend initiated this summer. The RSI at 47 remains neutral, far from any overbought signal, which leaves technical room before the resistance at €16.81. When first-half results were published on July 23, 2026, the group confirmed its annual objectives: growth in current operating income, operating margin up more than 25 basis points and 490 million euros in cost savings already realized out of the 1 billion targeted for the fiscal year.
According to the consensus of surveyed analysts, the stock is valued around 9.5 times expected earnings this year. Furthermore, a bond issuance of 500 million euros at 4.25%, maturing in 2032, was carried out on September 18 to refinance the group's debt. The resistance at €16.81 remains the next level to watch in the ongoing advance.
Objectifs 2026 confirmes : croissance du ROC, marge operationnelle en hausse de plus de 25 pbs vs 2025, cash-flow libre net en croissance vs 2025 (1 565 M€), resultat net ajuste par action en croissance dans le haut de la fourchette a un chiffre. Plan d'economies de 1 Md€ confirme (490 M€ realises au S1).
Risks mentioned
Résultat non courant dégradé à -165 M€ contre -39 M€ au S1 2025
ROC des Autres pays à -34 M€, fortement pénalisé par l'Argentine
Marge commerciale en baisse de -28 pbs à 19,1 % du CA lié aux investissements prix
Opportunities identified
490 M€ d'économies de coûts réalisées au S1, en ligne avec l'objectif de 1 Md€ pour 2026
Objectif confirmé de 130 M€ de synergies Cora & Match à horizon 2027
Cession de Carrefour Roumanie finalisée pour environ 500 M€ et recentrage sur 3 pays cœur
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.