Lennar Corp Class A

LEN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lennar Earnings: Margins Disappoint as Affordability Challenges Prompt Greater Incentives

Brian Bernard , Benton Foy

Mar 21, 2025

Lennar reported first-quarter earnings above consensus expectations, but shares traded lower as more substantial sales incentives resulted in strained gross margins. Compared with the prior-year period, average sales price declined 1% to $408,000 while gross margin fell 330 basis points to 18.7%.

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Lennar Corp Class A

Lennar Earnings: Margins Disappoint as Affordability Challenges Prompt Greater Incentives

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