NVR, Inc. (NVR)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-07-08
$6416.40-4.14%
Close 2026-07-08 · 1-day change
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Track NVR free→Warn: Management is running behind on a stated commitment.
NVR is growing new home orders by 7%. It cut cancellations to 14%. The price is cheap compared to peers. Profit margin is pressured but stable near 20%.
Revenue fell 22% in the last quarter. Profit margin dropped 2.3 points. The housing market could weaken further. This could hurt earnings and orders.
The price is about 4% above our fair value near $6400. Analysts expect almost no revenue growth. Our fair value is 13.5% below the Street median.
Breaks if: Cancellation rate rises above 14% in 2026-Q1
Aim to reduce the cancellation rate of new home orders to improve stability.
Newly stated in 2026-Q1. The cancellation rate decreased to 14% in 2026-Q1 from 16% in 2025-Q1, showing progress in stabilizing new home orders. This reduction is a positive sign, but overall revenue decreased by 22% in the same period, indicating broader challenges.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“The cancellation rate in the first quarter of 2026 was 14% compared to 16% in 2025.”
Breaks if: Gross profit margin falls below 19.6% in 2026-Q1
Address pricing pressure and higher lot costs to manage gross profit margin.
Newly stated in 2026-Q1. Gross profit margin decreased to 19.6% in 2026-Q1 from 21.9% in 2025-Q1, reflecting challenges in managing costs amid pricing pressure and higher lot costs. The trajectory indicates a need for improved cost management.
“Gross profit margin in the first quarter of 2026 decreased to 19.6%, compared to 21.9% in 2025.”
Breaks if: New home orders fall below 5,345 units in 2026-Q1
Focus on increasing new home orders to drive future revenue growth.
Newly stated in 2026-Q1. New orders increased by 7% to 5,738 units in 2026-Q1, indicating a focus on growth despite a 22% decrease in overall revenue from $2.40 billion in 2025-Q1 to $1.88 billion in 2026-Q1. The trajectory shows a positive trend in new orders, but overall financial performance is challenged.
“New orders in the first quarter of 2026 increased by 7% to 5,738 units.”