NVR, Inc. announced on May 6, 2025, that its Board of Directors authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. This new authorization does not have an expiration date, providing the company with ongoing flexibility.
The company plans to execute these purchases from time to time in the open market or through privately negotiated transactions, depending on market conditions. This authorization continues NVR's established stock repurchase program, which began in 1994.
This strategic move is consistent with NVR's long-term objective of maximizing shareholder value by reducing the total number of common shares outstanding. As of May 5, 2025, NVR had 2,924,012 total shares of common stock outstanding.
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