NVR, INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION

NVR (NYSE: NVR) announced that its Board authorized the repurchase of up to $750 million of outstanding common stock on Feb. 11, 2026.

Rhea-AI Summary

NVR (NYSE: NVR) announced that its Board authorized the repurchase of up to $750 million of outstanding common stock on Feb. 11, 2026. The authorization has no expiration date and allows open‑market and privately negotiated purchases.

As of Feb. 9, 2026, NVR had 2,793,760 shares outstanding. The authorization continues NVR's repurchase program since 1994 and prohibits purchases from officers, directors, the Profit Sharing/401(k) Plan Trust and the Employee Stock Ownership Plan Trust.

Positive

• Board authorized a $750 million stock repurchase program
• Repurchase authorization has no expiration date, offering long‑term flexibility

Negative

• None.

Argus Feb 11 session

+0.04% close to close Open Argus

Details

News Market Reaction – NVR

On Feb 11, the day this news came out, NVR closed 0.04% above the previous close.

Data tracked by StockTitan Argus for the Feb 11 session.

Market Context

This announcement adds another $750 million share repurchase authorization to NVR’s long-running buy...

Analysis

This announcement adds another $750 million share repurchase authorization to NVR’s long-running buyback program, with 2,793,760 shares outstanding as of February 9, 2026. Historically, similar ‘buybacks’ headlines produced modest average moves of 0.48%, suggesting investors often treat them as incremental. Observers may watch execution pace, future earnings trends, and any changes in homebuilding demand to gauge how effectively the program enhances per-share results over time.

Key Figures

Share repurchase authorization: $750 million Shares outstanding: 2,793,760 shares Current price: $8,094.28 +4 more

Share repurchase authorization

$750 million

New board authorization for common stock buybacks

Shares outstanding

2,793,760 shares

Common stock outstanding as of Feb 9, 2026

Current price

$8,094.28

Pre-news trading level from market_context

52-week high

$8,618.28

Upper end of 52-week trading range

52-week low

$6,562.8531

Lower end of 52-week trading range

Metropolitan areas

37 areas

Homebuilding operations footprint

States of operation

16 states

Homebuilding segment geographic reach

Previous Buybacks Reports

5 past events · Latest: Aug 08

Same Type 5 events

1. Aug 08

   Share repurchase authorization

   24h Move

   +0.4%

   Board authorized up to $750M share repurchase, continuing long-term buyback program.

2. May 06

   Share repurchase authorization

   24h Move

   -1.6%

   New $750M buyback authorization with no expiration and similar restrictions on insiders.

3. Dec 11

   Share repurchase authorization

   24h Move

   -0.1%

   Board approved $750M repurchase; company detailed operations and share count.

4. May 07

   Share repurchase authorization

   24h Move

   +1.7%

   Announced $750M buyback without expiration, focused on maximizing shareholder value.

5. Feb 14

   Share repurchase authorization

   24h Move

   +2.1%

   Another share repurchase authorization, continuing established capital return strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase authorization, 401(k) plan, employee stock ownership plan

3 terms

share repurchase authorization financial

"its Board of Directors has authorized the repurchase of up to an aggregate of $750 million"

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

401(k) plan financial

"Profit Sharing/401(k) Plan Trust or Employee Stock Ownership Plan Trust."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

employee stock ownership plan financial

"Employee Stock Ownership Plan Trust."

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RESTON, Va., Feb. 11, 2026 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announces that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value. Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares from the Company's officers, directors, Profit Sharing/401(k) Plan Trust or Employee Stock Ownership Plan Trust. As of February 9, 2026, NVR had 2,793,760 total shares of common stock outstanding.

About NVR

NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.

View original content:https://www.prnewswire.com/news-releases/nvr-inc-announces-share-repurchase-authorization-302685545.html

SOURCE NVR, INC.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NVR (NYSE: NVR) authorize on February 11, 2026 regarding share repurchases?

The Board authorized a repurchase program of up to $750 million of common stock. According to the company, purchases may occur in the open market or in privately negotiated transactions with no expiration date on the authorization.

How many NVR shares were outstanding as of February 9, 2026 and why does that matter?

NVR reported 2,793,760 total common shares outstanding as of Feb. 9, 2026. According to the company, that share count provides context for the repurchase authorization's potential impact on shares outstanding and per‑share metrics.

Will NVR buy shares from executives or employee plan trusts under the new authorization?

No, the authorization prohibits purchases from officers, directors and certain employee plan trusts. According to the company, the restriction includes the Profit Sharing/401(k) Plan Trust and the Employee Stock Ownership Plan Trust.

How will NVR execute the $750 million repurchase authorization?

NVR intends to buy shares from time to time in the open market or through privately negotiated transactions. According to the company, purchases will occur as market conditions permit and consistent with its shareholder value strategy.

Is the $750 million repurchase authorization a new program for NVR or a continuation?

The company describes the authorization as a continuation of a repurchase program that began in 1994. According to the company, the action aligns with NVR's ongoing strategy to maximize shareholder value.