NVR, Inc. (NVR) is likely to generate higher earnings and homebuilding revenues in third-quarter 2024 on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, earnings slightly missed the Zacks Consensus Estimate, while the homebuilding revenues beat the same by 2.7%. On a year-over-year basis, earnings and homebuilding revenues increased 3.6% and 12%, respectively.The company’s earnings topped analysts’ expectations in six of the trail ...

NVR, Inc.'s (NVR) stock gained 34.9% in the year-to-date period compared with the Zacks Building Products - Home Builders industry's 25.2% growth, the Zacks Construction sector's 22% rise and the S&P 500's 20.8% rally. The stock has been rallying on a recent rate cut by the Federal Reserve, announced last month. NVR, which engages in the construction and sale of single-family detached homes, townhomes and condominium buildings, has been benefiting from improving demand, a disciplined business model, and str ...

Jessie Casson/DigitalVision via Getty Images Introduction Shares of NVR, Inc. (NYSE:NVR) have been on a role lately, rising 29% year to date and 24% since my initial coverage back in March 2024. At the time, my investment thesis was built around the fact that the company had an asset-light operating model through strategic purchasing of finished building lots which gives the company flexibility, reduces risk, and boosts return on capital. For those reasons, I felt comfortable underwriting a premium valuatio ...

A month has gone by since the last earnings report for NVR (NVR) . Shares have added about 6.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is NVR due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. NVR Q2 Earnings Miss, Homebuilding Revenues Top NVR reported mixed ...

NVR (NVR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 1-12378 NVR, Inc. (Exact name of registrant as specified in its charter) Virginia 54-1394360 (State or other jurisdiction ...

Investment Rating - The report does not provide a specific investment rating for the company [3]. Core Views - The company's new home sales volume and average price remain stable, leading to consistent cash inflows. The company holds cash significantly exceeding its interest-bearing debt, allowing for ongoing business development and stock buybacks. Since 2021, the company has repurchased over $1 billion annually, with $1.136 billion repurchased in the first half of 2024 alone, indicating strong shareholder returns [1][3]. - The company's stock price corresponds to a valuation of approximately 17.5X PE for 2023, and with increasing expectations of interest rate cuts in the U.S., the company's performance sensitivity to these cuts and stock price elasticity will become evident, suggesting active monitoring [1]. Financial Performance Summary - As of the end of Q2 2024, the company's total capital debt ratio is 18.1%, indicating a low level of leverage. The company holds $2.53 billion in cash and equivalents against $912 million in interest-bearing debt, providing a solid financial foundation for operations and stock buybacks [1][6]. - In Q2 2024, the company reported total revenue of $2.61 billion, a year-on-year increase of 11.7%. Home sales revenue and loan fees were $2.548 billion and $64.566 million, respectively. Net profit was $401 million, a slight decrease of 0.8% year-on-year, with an EPS of $128.2, reflecting a 3.5% increase [3][4]. - The new home sales volume in Q2 2024 was 6,067 units, up 3% year-on-year, with an average selling price of $458,800, also up 3%. The revenue from home sales reached $2.55 billion, a 12% increase year-on-year, driven by an 11% increase in the number of new homes delivered [3][4]. - The company’s loan business also showed growth, with total loans completed in Q2 2024 amounting to $1.53 billion, a 10.7% increase year-on-year, and loan fee income rising by 18.3% to $64.566 million [3][4]. Share Buyback and Capital Management - The company has ample buyback capacity, having repurchased $639 million in Q2 2024 and a total of $1.136 billion in the first half of 2024, exceeding the total buyback amount for the previous year. A new long-term buyback plan of $750 million was authorized on May 7, 2024 [3][8].

The upside was backed by improved demand trends, which resulted in higher settlements. Although the cancellation rate increased during the quarter, growth in new orders and increased average selling price ("ASP") of new orders are encouraging for the company's prospects. Inside the Numbers Homebuilding: The segment's revenues of $2.55 billion grew 12% from the year-ago quarter. Settlements in the quarter were up 11% year over year to 5,659 units. Our model predicted settlements to increase 8% year over year ...

NVR shares have added about 23.4% since the beginning of the year versus the S&P 500's gain of 16.7%. What's Next for NVR? NVR (NVR) came out with quarterly earnings of $120.69 per share, missing the Zacks Consensus Estimate of $121.65 per share. This compares to earnings of $116.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.79%. A quarter ago, it was expected that this homebuilder would post earnings of $106.03 per s ...

Exhibit 99.1 NVR, INC. ANNOUNCES SECOND QUARTER RESULTS July 23, 2024, Reston, VA—NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2024 of $400.9 million, or $120.69 per diluted share. For the second quarter ended June 30, 2024, net income decreased 1% and diluted earnings per share increased 4%, when compared to 2023 second quarter net income of $404.0 million, or $116.54 per diluted share. Consolidate ...