CoreCivic, Inc. (CXW)

In the past six months, CoreCivic's stock has experienced several notable events and trends. The company's stock increased by 6.5% to $20.3680 as of early May 2026. CoreCivic reported strong financial results for Q1 2026, with revenue increasing by 25.8% year-over-year to $614.7 million and net income rising to $37.9 million, driven by higher federal revenue from ICE, new and reactivated facilities, and increased per-diem rates. The company also announced a $148 million acquisition of Clinical Solutions Pharmacy and raised its full-year 2026 guidance. A surge in federal detention demand, particularly from ICE, led to the activation of five previously idle facilities, estimated to generate approximately $500 million in annual revenue. However, a decline of roughly 3,000 ICE detainees led to a reduction in the updated 2026 guidance for EPS. CoreCivic's board approved a stock repurchase program on November 10, 2025, authorizing the company to repurchase $200,000,000 in outstanding shares, and in Q1 2026, 2.3 million shares were repurchased for $44.7 million. The company also saw increased leverage, with total debt rising to $1.41 billion.

CoreCivic's financial results are subject to seasonality factors, but the available information does not provide specific details on the patterns or nature of this seasonality in demand for its products and services. Results for any single quarter are not necessarily indicative of the results that may be achieved for the full fiscal year due to these factors.

CoreCivic, Inc. (CXW) is a real estate investment trust (REIT) that owns, manages, and operates private correctional and detention facilities in the United States. It also provides residential reentry centers and government real estate solutions, operating through CoreCivic Safety, CoreCivic Community, and CoreCivic Properties segments. The company offers rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, substance abuse treatment, food services, and health care services. CoreCivic is categorized under the Industrials sector and the Security & Protection Services industry.

CoreCivic's facilities are located throughout the United States, operating across multiple states and U.S. territories, extending from California to New York.

CoreCivic's brand reputation in the past year has been impacted by activist resistance to the use of public-private partnerships for correctional, detention, and residential reentry facilities. This resistance could affect the company's ability to obtain financing for business growth or to refinance existing debt, and potentially lead to contract losses or difficulties in securing new contracts. Such activism also has the potential to impact the company's reputation and its relationships with government partners.

CoreCivic's ownership is primarily concentrated among institutional investors and large asset managers, holding approximately 62.37% to 85.13% of the company's stock. Insiders hold a smaller percentage, around 1.76% to 3.35%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, River Road Asset Management, LLC, Cooper Creek Partners Management Llc, State Street Corp, Goldman Sachs Group Inc, Geode Capital Management, Llc, Lee Danner & Bass Inc, Rubric Capital Management LP, and Allianz Asset Management GmbH. Other significant institutional holders mentioned include Dimensional Fund Advisors LP, Hahn Capital Management LLC, Bessemer Group Inc., Bank of New York Mellon Corp, and Principal Financial Group Inc.