$750M on the table: NVR gets green light to buy back its own stock

NVR’s Board of Directors has authorized a new share repurchase program of up to $750 million of its outstanding common stock, with no expiration date. This move continues a long-standing capital return strategy that began in 1994, aiming to maximize shareholder value. As of February 9, 2026, NVR had 2,793,760 shares outstanding, and the authorization prohibits purchases from officers, directors, or employee benefit plan trusts.