NVR, INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION

Rhea-AI Summary

NVR Inc. (NYSE: NVR) has announced a new $750 million share repurchase program authorized by its Board of Directors. The program, which has no expiration date, will be executed through open market and private transactions based on market conditions. This initiative continues NVR's long-standing stock repurchase program that began in 1994, aimed at maximizing shareholder value.

The authorization prohibits share purchases from company officers, directors, and company-related trust funds. As of May 5, 2025, NVR had 2,924,012 shares of common stock outstanding. The company operates in homebuilding under Ryan Homes, NVHomes, and Heartland Homes brands across 36 metropolitan areas, as well as in mortgage banking.

Positive

• Substantial $750 million share repurchase authorization showing strong commitment to returning value to shareholders
• No expiration date provides flexibility in execution timing
• Continuation of long-term repurchase strategy since 1994 demonstrates consistent shareholder-friendly policies
• Relatively small float of 2.9M shares suggests significant impact potential from the buyback

Negative

• Large cash allocation to buybacks might limit funds available for business expansion
• Reduced float could potentially impact stock liquidity

RESTON, Va., May 6, 2025 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announced today 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 May 5, 2025, NVR had 2,924,012 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 program 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 announced on May 6, 2025, does not have an expiration date.

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

As of May 5, 2025, NVR had 2,924,012 total shares of common stock outstanding.

When did NVR first start its stock repurchase program?

NVR's stock repurchase program began in 1994.

Who is restricted from selling shares back to NVR under the buyback program?

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