NVR, INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION

Rhea-AI Summary

NVR Inc. (NYSE: NVR) has announced a significant share repurchase program, with its Board of Directors authorizing the buyback of up to $750 million of outstanding common stock. This initiative continues the company's longstanding stock repurchase program that began in 1994.

The authorization has no expiration date and will be executed through open market and private transactions as market conditions allow. As of August 7, 2025, NVR had 2,872,926 shares of common stock outstanding. The program excludes purchases from company officers, directors, and specific trust funds.

Positive

• Authorization of substantial $750 million share repurchase program
• No expiration date on the buyback program provides flexibility
• Demonstrates company's commitment to returning value to shareholders
• Continuation of long-term repurchase strategy since 1994

Negative

• Large cash allocation to buybacks may limit funds for other growth initiatives

RESTON, Va., Aug. 8, 2025 /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 August 7, 2025, NVR had 2,872,926 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-six 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.

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SOURCE NVR, INC.

FAQ

How much is NVR's new share buyback authorization worth?

NVR's Board of Directors has authorized a share repurchase program worth up to $750 million of its outstanding common stock.

When does NVR's 2025 share repurchase authorization expire?

The share repurchase authorization has no expiration date. Purchases will be made from time to time as market conditions permit.

How many shares does NVR have outstanding as of August 2025?

As of August 7, 2025, NVR had 2,872,926 total shares of common stock outstanding.

Who is excluded from NVR's share repurchase program?

The authorization prohibits purchases from company officers, directors, Profit Sharing/401(k) Plan Trust, and Employee Stock Ownership Plan Trust.

When did NVR start its stock repurchase program?

NVR's stock repurchase program began in 1994, and this new authorization is a continuation of that long-standing program.