Morningstar

Lennar Corp Class A

LEN: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
LOCK|&FLOCK|$#LOCK|C$>$$K

Sales Incentives Will Weigh on Lennar's Near-Term Margins but Land-Light Strategy Will Buffer ROIC

Business Strategy and Outlook

Lennar is the second-largest homebuilder in the United States in terms of total revenue and the number of homes delivered, following D.R. Horton. The company operates in 26 states and primarily constructs single-family homes. Lennar caters to a diverse range of homebuyers, including first-time buyers, those looking to move up, active adults, and luxury buyers.

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