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CoreCivic, Inc.

CXW · NYSE

Market closed$30.65$0.00 (0.00%)After hours $30.25 · -1.31%

Key statistics

Previous close$30.65
Open$30.47
Day high$30.68
Day low$30.06
52-week high$32.60
52-week low$15.74
Market cap3.03B
Volume983.33K
Average volume1.22M
P/E ratio15.56
Forward P/E—
EPS1.97
Dividend yield0.00%

Market context

Why it moved

CXW traded flat today as the market digested CoreCivic's announcement to fully redeem its remaining 4.750% senior notes due 2027 using cash on hand, a move seen as financially prudent but already largely priced in following the stock's strong recent run.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026CoreCivic closed essentially flat on the regular session but slipped in after-hours trading, weighed down by a pair of company-specific headwinds: Citizens Bank announced it is winding down its credit facilities with CoreCivic and GEO Group amid activist pressure, and analysts flagged stretched valuation after a 60%+ YTD run and a 230% three-year return. A Simply Wall St. analysis assigned CoreCivic a valuation score of just 1 out of 6, citing a P/E of ~23x slightly above industry averages and limited margin for error given ongoing reliance on ICE detention contracts. Noble Financial maintained its Buy rating with a $35 target, and short interest fell sharply by 35.4% in June, but policy uncertainty around detention strategies and the banking relationship exit kept sentiment cautious.
July 14, 2026CoreCivic closed essentially unchanged as investors digested the company's announcement that it will fully redeem $238.5 million of 4.750% senior notes due 2027 on August 12, 2026 — more than a year ahead of maturity — using cash on hand. The early debt retirement signals balance sheet strength, supported by Q1 2026 revenue of $614.7 million (up ~26% year-over-year) and a recent $1.5 billion asset sale, while a $38M ICE contract payment for detention services at its California City facility underscores continued government contract momentum.

-0.2227

July 14, 2026CoreCivic shares closed down modestly, pulling back from early gains despite a significant balance sheet move announced Monday: the company will redeem all $238.5 million of its 4.750% senior notes due 2027 on August 12, more than a year ahead of maturity, funded entirely with cash on hand. The early premarket surge of ~6.5% faded as broader market sentiment soured—U.S. stocks declined on renewed U.S.-Iran military tensions that sent oil prices surging and weighed on equities. Analyst sentiment on CXW remains constructive, with a consensus Buy rating and an average price target of $36.20, while recent government contract activity—including a $38M ICE payment for California City Detention Center—continues to underscore steady federal revenue.

-1.4425

July 9, 2026CoreCivic shares surged roughly 4.5%, significantly outperforming the broader real estate sector (XLRE closed lower) and the S&P 500, which declined amid geopolitical risk-off sentiment tied to the collapse of the U.S.-Iran ceasefire. The move appears driven by continued investor enthusiasm around the company's landmark $1.5 billion sale of its California City and Otay Mesa detention facilities to the U.S. government—completed July 2—which is expected to yield ~$1.1 billion in net proceeds for debt reduction and potential share buybacks. CoreCivic also announced its Q2 2026 earnings call is set for August 6, keeping investor attention focused on how management will deploy the substantial balance sheet flexibility created by the asset sales.

4.5051

July 8, 2026CoreCivic shares pulled back after surging ~45% over the past month, declining nearly 4% on elevated volume as investors digested the landmark $1.5B sale of two California ICE detention facilities completed July 2. While the deal — netting ~$1.1B after taxes and transaction costs — sparked an 8% premarket rally the prior session and prompted multiple analyst upgrades (Benchmark raised its target to $41; Noble Capital Markets lifted to $35), today's selloff may reflect profit-taking after the stock's sharp run-up. CoreCivic will continue managing both facilities under existing ICE contracts and is in discussions for additional facility sales to DHS.

-3.6818

July 7, 2026CoreCivic fell nearly 2% after announcing the completed sale of its California City Detention Facility and Otay Mesa Detention Center to the U.S. Department of Homeland Security for $1.5 billion gross ($1.1B net after taxes and expenses). While the deal significantly strengthens the balance sheet—enabling full repayment of ~$716M in debt with remaining proceeds earmarked for buybacks and acquisitions—investors appeared to weigh the loss of ownership of 4,554 beds against contract uncertainty, as ICE retains the right to terminate management agreements that expire in 2027 and 2029. After-hours trading recovered, with shares edging back toward $30.89, as Benchmark maintained its Buy rating with a $36 price target.

-1.9658

July 2, 2026CoreCivic closed essentially unchanged near its 52-week high, as investors weigh a remarkable ~60% six-month surge driven by surging federal detention demand and $75 billion in ICE funding appropriations through 2029. The stock's index reclassification into Russell 2000 Value-Defensive benchmarks signals a shift toward a more value-oriented investor base, while Benchmark's recent Buy rating with a $36 price target reinforces the bull case. A pre-planned insider sale of 12,500 shares by CAO Cole Carter adds minor noise, though Q1 results beat estimates with EPS of $0.40 vs. $0.28 expected.

0.0645

July 2, 2026CoreCivic shares rose about 2%, touching a new 52-week high of $31.55, as the stock continues to benefit from the federal detention demand narrative — backed by $75 billion in ICE funding and resumed enforcement activity — alongside Benchmark's recently raised price target to $36 (Buy). The rally comes amid a Russell index reclassification from growth to value-defensive benchmarks and an insider sale of 12,500 shares by CAO Cole Carter under a pre-planned 10b5-1 program, while some analysts flag an RSI above 80 as a potential overbought signal following a ~60% year-to-date surge.

2.0737

AP News · July 17, 2026Citizens Bank to cut ties with CoreCivic and GEO after a fierce public pressure campaignBloomberg · July 17, 2026Citizens to Exit Credit Facilities to Two ICE-Tied FirmsQuiver Quantitative · July 13, 2026CoreCivic Announces Full Redemption of 4.750% Senior Notes Due 2027Stock Titan · July 13, 2026CoreCivic moves to fully redeem its 4.75% bonds more than a year earlySimply Wall Street · July 10, 2026Did CoreCivic’s US$1.5 Billion California Asset Sale and Index Shift Just Redefine CXW’s Investment Narrative?CalMatters · July 6, 2026Private prison company sells two of California’s immigrant detention centers to the fedsMoomoo · June 26, 2026Benchmark Co. Maintains CoreCivic, Inc.(CXW.US) With Buy Rating, Raises Target Price to $36GlobeNewswire · May 6, 2026CoreCivic Reports First Quarter 2026 Financial Results
Benzinga · July 17, 2026Citizens Financial Group Plans To Exit Credit Facilities To CoreCivic, GEO Group
Mt Newswire · July 13, 2026CoreCivic to Redeem Senior Notes Due October 2027
Benzinga · July 7, 2026Noble Capital Markets Maintains Outperform on CoreCivic, Raises Price Target to $35
Benzinga · July 7, 2026Benchmark Maintains Buy on CoreCivic, Raises Price Target to $41
Mt Newswire · July 6, 2026CoreCivic Divests 2 California Detention Facilities for $1.5 Billion
Mt Newswire · July 1, 2026Corecivic Insider Sold Shares Worth $380,750, According to a Recent SEC Filing
Benzinga · June 26, 2026Benchmark Maintains Buy on CoreCivic, Raises Price Target to $36
Benzinga · May 13, 2026The Trump Administration On Tuesday It Will Designate Former ICE Official, Ex-Private Prison Executive David Venturella As Next Acting Director Of U.S. Immigration And Customs Enforcement

Peers

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