Leading the CAC 40, Carrefour stock erases its early October decline
The retailer posts the strongest gain on the Paris index at midday, while the CAC 40 advances slightly. The movement brings the stock back above its three moving averages, after a series of hesitant sessions at the beginning of the month.
Carrefour leads the CAC 40, above its moving averages
The Carrefour share gains 2.26% to €16.53 and holds first place on the CAC 40, which advances 0.29% at the same time. Over one week, the stock climbs 3.6%, erasing the decline observed in early October, when it lost its support at €15.60 on October 1st. The price stands 2.7% above its 20-day moving average and 4.2% above its 200-day moving average, with an RSI at 52 indicating neither overbought nor oversold conditions.
The resistance threshold at €16.81 is approximately 1.7% above the current price. On valuation, the stock trades at approximately 9.6 times current fiscal year earnings, according to the consensus of surveyed analysts. The group confirmed its 2026 targets when publishing H1 2026 results on July 23, 2026, with a cost-saving plan of €1 billion, of which €490 million had already been realized in the first half.
Third quarter revenue expected on October 20th
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The retailer's next milestone is the publication of its third quarter revenue, scheduled for October 20th. Among the points noted in the half-year results, commercial margin had declined by 28 basis points to 19.1% of revenue, due to investments made on prices. The group also sold the buildings of 35 stores in early October for €290 million, of which it remains the tenant. In a Paris market where the 10-year OAT yield stands at 4.80%, today's gain puts Carrefour ahead of Orange, which gains 2.21%, and Bouygues, at +1.64%.
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.
