Century Communities (CCS)
Market Price (8/27/2026): $69.35 | Market Cap: $2.0 BilSector: Consumer Discretionary | Industry: Homebuilding
Century Communities (CCS)
Market Price (8/27/2026): $69.35Market Cap: $2.0 BilSector: Consumer DiscretionaryIndustry: Homebuilding
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -70% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -7.3% Key risksCCS key risks include [1] net profit margin contraction caused by elevated mortgage rates impacting housing affordability and [2] eroding profit margins from rising material and labor costs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -70% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -7.3% |
| Key risksCCS key risks include [1] net profit margin contraction caused by elevated mortgage rates impacting housing affordability and [2] eroding profit margins from rising material and labor costs. |
Qualitative Assessment
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Century Communities (CCS) stock has gained about 25% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Exceeding Expectations and Raised Full-Year Guidance.
Century Communities reported adjusted diluted earnings per share of $1.30 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing analyst consensus estimates of $0.63 per share. Net income for the quarter increased by 11% year-over-year and 50% sequentially to $36.1 million. The company also raised its full-year 2026 home delivery guidance to a range of 9,750 to 10,500 homes and updated home sales revenues to $3.5 billion to $3.8 billion, signaling a confident outlook.
2. Improved Homebuilding Operational Performance and Record Community Growth.
The company demonstrated enhanced operational efficiency with its adjusted homebuilding gross margin increasing by 30 basis points sequentially to 20.0% in fiscal Q2 2026, driven by lower incentives and direct costs. Deliveries of 2,506 homes in the quarter exceeded the company's guidance of 2,200 to 2,400 homes, representing a 25% sequential increase. Furthermore, Century Communities achieved a record 330 open communities by the end of fiscal Q2 2026, positioning it for continued growth.
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Century Communities (CCS) stock has gained about 25% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Exceeding Expectations and Raised Full-Year Guidance.
Century Communities reported adjusted diluted earnings per share of $1.30 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing analyst consensus estimates of $0.63 per share. Net income for the quarter increased by 11% year-over-year and 50% sequentially to $36.1 million. The company also raised its full-year 2026 home delivery guidance to a range of 9,750 to 10,500 homes and updated home sales revenues to $3.5 billion to $3.8 billion, signaling a confident outlook.
2. Improved Homebuilding Operational Performance and Record Community Growth.
The company demonstrated enhanced operational efficiency with its adjusted homebuilding gross margin increasing by 30 basis points sequentially to 20.0% in fiscal Q2 2026, driven by lower incentives and direct costs. Deliveries of 2,506 homes in the quarter exceeded the company's guidance of 2,200 to 2,400 homes, representing a 25% sequential increase. Furthermore, Century Communities achieved a record 330 open communities by the end of fiscal Q2 2026, positioning it for continued growth.
3. Favorable Broader Housing Market Trends in Fiscal Q2 2026.
The U.S. real estate market showed strengthening momentum during fiscal Q2 2026, with existing home sales reaching approximately 4.17 million, marking the strongest quarterly performance since 2025. Home prices increased in 80% of metro markets, up from 71% in fiscal Q1, with the national median price for single-family existing homes rising 1.5% year-over-year to $434,900. This generally positive market environment, characterized by strengthening buyer demand despite rising mortgage rates, provided a tailwind for homebuilders.
4. Strategic Share Repurchases Enhancing Shareholder Value.
Century Communities actively returned capital to shareholders through significant share repurchases. In fiscal Q1 2026 (ended March 31, 2026), the company repurchased 617,087 shares of common stock for $40.0 million. This was followed by an additional repurchase of 352,811 shares for $19.6 million in fiscal Q2 2026. These repurchases, totaling $59.6 million since April 30, 2026, contributed to a record book value per share of $90.24 as of June 30, 2026, demonstrating a commitment to enhancing long-term shareholder value.
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Stock Movement Drivers
Fundamental Drivers
The 25.1% change in CCS stock from 4/30/2026 to 8/26/2026 was primarily driven by a 21.5% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8262026 | Change |
|---|---|---|---|
| Stock Price ($) | 55.43 | 69.32 | 25.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,004 | 3,931 | -1.8% |
| Net Income Margin (%) | 3.3% | 3.4% | 2.9% |
| P/E Multiple | 12.2 | 14.8 | 21.5% |
| Shares Outstanding (Mil) | 29 | 29 | 1.9% |
| Cumulative Contribution | 25.1% |
Market Drivers
4/30/2026 to 8/26/2026| Return | Correlation | |
|---|---|---|
| CCS | 25.1% | |
| Market (SPY) | 6.6% | 25.6% |
| Sector (XLY) | -1.0% | 32.1% |
Fundamental Drivers
The 11.8% change in CCS stock from 1/31/2026 to 8/26/2026 was primarily driven by a 20.9% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8262026 | Change |
|---|---|---|---|
| Stock Price ($) | 62.03 | 69.32 | 11.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,118 | 3,931 | -4.5% |
| Net Income Margin (%) | 3.6% | 3.4% | -5.0% |
| P/E Multiple | 12.3 | 14.8 | 20.9% |
| Shares Outstanding (Mil) | 29 | 29 | 1.9% |
| Cumulative Contribution | 11.8% |
Market Drivers
1/31/2026 to 8/26/2026| Return | Correlation | |
|---|---|---|
| CCS | 11.8% | |
| Market (SPY) | 11.0% | 30.1% |
| Sector (XLY) | -3.1% | 38.6% |
Fundamental Drivers
The 26.2% change in CCS stock from 7/31/2025 to 8/26/2026 was primarily driven by a 131.0% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8262026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.94 | 69.32 | 26.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,314 | 3,931 | -8.9% |
| Net Income Margin (%) | 6.0% | 3.4% | -43.5% |
| P/E Multiple | 6.4 | 14.8 | 131.0% |
| Shares Outstanding (Mil) | 30 | 29 | 6.0% |
| Cumulative Contribution | 26.2% |
Market Drivers
7/31/2025 to 8/26/2026| Return | Correlation | |
|---|---|---|
| CCS | 26.2% | |
| Market (SPY) | 22.2% | 30.2% |
| Sector (XLY) | 6.4% | 41.5% |
Fundamental Drivers
The -5.5% change in CCS stock from 7/31/2023 to 8/26/2026 was primarily driven by a -56.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8262026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.35 | 69.32 | -5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,921 | 3,931 | 0.3% |
| Net Income Margin (%) | 7.9% | 3.4% | -56.7% |
| P/E Multiple | 7.6 | 14.8 | 94.8% |
| Shares Outstanding (Mil) | 32 | 29 | 11.8% |
| Cumulative Contribution | -5.5% |
Market Drivers
7/31/2023 to 8/26/2026| Return | Correlation | |
|---|---|---|
| CCS | -5.5% | |
| Market (SPY) | 73.3% | 36.3% |
| Sector (XLY) | 37.9% | 44.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CCS Return | 88% | -38% | 85% | -19% | -18% | 20% | 73% |
| Peers Return | 46% | -22% | 91% | -2% | -7% | 4% | 106% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CCS Win Rate | 83% | 42% | 58% | 42% | 33% | 50% | |
| Peers Win Rate | 70% | 45% | 60% | 55% | 45% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CCS Max Drawdown | -28% | -50% | -26% | -32% | -35% | -35% | |
| Peers Max Drawdown | -22% | -44% | -23% | -28% | -25% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DHI, LEN, PHM, KBH, MTH. See CCS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/26/2026 (YTD)
How Low Can It Go
| Event | CCS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.7% | -18.8% |
| % Gain to Breakeven | 40.3% | 23.1% |
| Time to Breakeven | 253 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.3% | -9.5% |
| % Gain to Breakeven | 28.7% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.2% | -6.7% |
| % Gain to Breakeven | 13.9% | 7.1% |
| Time to Breakeven | 37 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.0% | -24.5% |
| % Gain to Breakeven | 96.1% | 32.4% |
| Time to Breakeven | 392 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -72.8% | -33.7% |
| % Gain to Breakeven | 267.4% | 50.9% |
| Time to Breakeven | 152 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.6% | -19.2% |
| % Gain to Breakeven | 55.4% | 23.8% |
| Time to Breakeven | 102 days | 105 days |
In The Past
Century Communities's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CCS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.7% | -18.8% |
| % Gain to Breakeven | 40.3% | 23.1% |
| Time to Breakeven | 253 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.3% | -9.5% |
| % Gain to Breakeven | 28.7% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.0% | -24.5% |
| % Gain to Breakeven | 96.1% | 32.4% |
| Time to Breakeven | 392 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -72.8% | -33.7% |
| % Gain to Breakeven | 267.4% | 50.9% |
| Time to Breakeven | 152 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.6% | -19.2% |
| % Gain to Breakeven | 55.4% | 23.8% |
| Time to Breakeven | 102 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.9% | -12.2% |
| % Gain to Breakeven | 58.6% | 13.9% |
| Time to Breakeven | 235 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.3% | -6.8% |
| % Gain to Breakeven | 49.9% | 7.3% |
| Time to Breakeven | 178 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -29.9% | -53.4% |
| % Gain to Breakeven | 42.7% | 114.4% |
| Time to Breakeven | 82 days | 1085 days |
In The Past
Century Communities's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Century Communities (CCS)
Century Communities, Inc. (CCS) is a prominent national homebuilder that designs, develops, constructs, and sells single-family attached and detached homes. Operating in 17 states across the United States, the company is involved in the entire homebuilding process, from land entitlement and development to the final sale of a new home.
The company offers homes under its Century Communities and Century Complete brands, catering to a diverse base of homebuyers. In addition to residential construction, CCS provides integrated mortgage, title, and insurance services, streamlining the home-buying experience for its customers. These services are delivered through its own sales channels, retail studios, and internet presence, as well as via independent real estate brokers.
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- A national homebuilder, similar to Lennar.
- Think of it as D.R. Horton, but with operations concentrated in 17 states.
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- Single-Family Homes: Century Communities designs, develops, constructs, markets, and sells single-family attached and detached homes under the Century Communities and Century Complete brands.
- Mortgage Services: The company provides mortgage financing services directly to its home buyers.
- Title Services: Century Communities offers title services to facilitate the closing process for its home buyers.
- Insurance Services: The company provides insurance services to its home buyers, likely related to homeownership.
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Century Communities, Inc. (CCS) sells primarily to individual home buyers. Based on its business model as a homebuilder, the company serves various categories of individual customers:
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First-time Homebuyers: This segment includes individuals and couples making their initial purchase of a home. They typically seek affordable and value-oriented options, often found in communities designed for entry-level homeownership. Century Communities' "Century Complete" brand, known for its efficient building process and competitive pricing, is particularly appealing to this customer group.
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Move-up Homebuyers: These customers are typically existing homeowners looking to purchase a larger home, a home with more desired features, or one in a different location that better suits their evolving lifestyle or family needs (e.g., growing family, increased income). They often seek more spacious floor plans, upgraded amenities, and desirable community settings.
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Lifestyle and Relocation Buyers: This broad category includes customers seeking homes that align with specific lifestyle choices, such as empty-nesters looking to downsize to a lower-maintenance home, retirees seeking active adult communities, or individuals and families relocating for employment or a change of scenery. These buyers often prioritize community amenities, specific home styles, and convenient locations.
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Robert J. Francescon, Chief Executive Officer and President
Mr. Robert J. Francescon has served as the Chief Executive Officer of Century Communities since January 2025, and as President since April 2013. He has also been a member of the Board of Directors since April 2013. Previously, he served as Co-Chief Executive Officer from August 2002 to December 2024. Mr. Francescon co-founded Century Communities in 2002. He possesses a broad background in all aspects of operating a real estate company, with direct responsibility for the acquisition, financing, development, construction, sale, and management of various residential projects, including land development, single-family homes, townhomes, condominiums, and apartments. Mr. Francescon also has management experience in financial institutions, including thrifts and the Federal Home Loan Mortgage Corporation. He received his B.S. in Business Administration from the University of Southern California.
J. Scott Dixon, Chief Financial Officer
Mr. J. Scott Dixon was appointed Chief Financial Officer of Century Communities in July 2024. Prior to this, he served as Interim Chief Financial Officer from March 2024 to July 2024. His tenure at Century Communities includes roles as Assistant Chief Financial Officer from May 2022 to March 2024, Chief Accounting Officer from November 2016 to May 2022, and Vice President of Accounting from November 2013 to November 2016. Mr. Dixon has extensive experience in finance and accounting for real estate companies, with direct responsibilities for overseeing accounting, finance, capital markets, risk management, and financial planning and analysis. He was significantly involved in the company's initial public offering in 2014. Before joining Century Communities, Mr. Dixon worked in Ernst & Young's Audit practice, specializing in real estate. He holds a Master of Science degree in Accounting from the University of Virginia and a Bachelor of Science degree in Finance from the University of Denver, and is a Certified Public Accountant.
Dale Francescon, Executive Chairman
Mr. Dale Francescon has served as the Executive Chairman of Century Communities since January 2025 and as the Chairman of the Board of Directors since April 2013. He previously held the role of Co-Chief Executive Officer from August 2002 to December 2024. Mr. Francescon co-founded Century Communities in 2002. He brings over three decades of experience in homebuilding and a broad background in all facets of operating a real estate company, including the acquisition, financing, development, construction, sale, and management of various residential projects. Mr. Francescon is licensed in Colorado as an inactive real estate broker and in California as an inactive attorney and certified public accountant. He earned his B.S. in Business Administration from the University of Southern California and a J.D. from Loyola University School of Law.
Greg Huff, National President
Mr. Greg Huff serves as the National President at Century Communities. Further detailed public background information for Mr. Huff, beyond his title, was not readily available within the provided search results.
Tanya Rizzo, Division President
Ms. Tanya Rizzo serves as a Division President for Century Communities, recently quoted in March 2026 regarding the company's expansion in the West Houston market. Further detailed public background information for Ms. Rizzo, beyond her title and recent activity, was not readily available within the provided search results.
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The key risks to Century Communities' business include:
- Economic Conditions and Interest Rate Volatility: Century Communities' business is highly sensitive to macroeconomic factors such as fluctuations in demand for homes, consumer confidence, and particularly, interest rates. Elevated mortgage rates and persistent affordability issues directly impact potential homebuyers' purchasing power and overall housing demand, which can lead to reduced home deliveries, lower average sales prices, and pressure on revenue and profitability.
- Rising Construction Costs and Labor Shortages: The company faces ongoing challenges from escalating construction expenses, including volatile material prices (such as lumber) and shortages of skilled labor. These cost pressures directly impact profit margins, can extend project timelines, and may lead to delays in home deliveries, making it difficult for the company to effectively transfer increased input costs to buyers.
- Intense Competition and Land Acquisition: The homebuilding industry is highly competitive. Century Communities competes with other builders and real estate investors for homebuying customers, desirable land parcels, financing, raw materials, and skilled labor. Difficulty in acquiring attractive land at reasonable prices can significantly limit the company's ability to grow, increase acquisition costs, or lead to pricing pressures that adversely impact margins and revenues.
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Clear emerging threats for Century Communities (CCS) include:
- Disruptive Construction Technologies: The emergence and increasing adoption of advanced construction methods, such as large-scale 3D-printed homes and highly efficient, precision-built modular housing, pose a significant threat. These technologies are demonstrating the potential for substantially reduced construction times, lower labor costs, decreased material waste, and improved quality control compared to traditional on-site, stick-built construction. As these methods scale and become more cost-effective, they could disrupt the competitive landscape by offering quicker, cheaper, and potentially more sustainable alternatives to homes built by traditional developers like Century Communities.
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Century Communities (CCS) operates within the U.S. housing market, with its primary services encompassing home construction, mortgage, title, and insurance offerings. The addressable markets for these services in the United States are substantial:
- Home Construction: The U.S. residential construction market size is estimated at approximately $1.41 trillion in 2026, growing from an estimated $1.35 trillion in 2025. Specifically for single-family housing construction, the market size is projected to be around $845.86 billion in 2026. New single-family home sales in the U.S. were at a seasonally-adjusted annual rate of 745,000 in December 2025, with an estimated 679,000 new homes sold in total for 2025. New home sales typically represent about 10% of the overall U.S. housing market.
- Mortgage Services: The total single-family mortgage origination volume in the U.S. is expected to increase to $2.2 trillion in 2026, up from an estimated $2.0 trillion in 2025. Purchase originations are forecast to reach $1.46 trillion in 2026.
- Title Services: The U.S. title insurance market is a significant contributor to the North American market, which itself is projected to reach $2.8 billion by 2032 from an estimated $2 billion in 2023. Globally, the title insurance market is expected to grow from $4.15 billion in 2025 to $5.69 billion by 2034. The U.S. title insurance industry's revenue is expected to increase by 1.8% in 2025, after a five-year decline, with revenues of $17.1 billion.
- Insurance Services: The U.S. property and casualty (P&C) insurance market, which includes homeowners insurance, is estimated to be worth $1.10 trillion in 2025, growing to $1.14 trillion in 2026. North America's property and casualty insurance market size was calculated at $1.27 trillion in 2025. The homeowners insurance segment held the largest share of the global property and casualty insurance market in 2025. The US property insurance market is projected to grow at a CAGR of 9.93% from 2025 to 2035.
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Century Communities (CCS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Increased Home Deliveries: The company projects significant growth in the number of homes delivered. For the full year 2026, Century Communities anticipates new home deliveries to be in the range of 10,000 to 11,000 homes, with home sales revenues projected between $3.6 billion and $4.1 billion. This follows guidance for 2025 of 11,700 to 12,400 homes and home sales revenue of $4.5 billion to $4.8 billion.
- Community Count Growth: Century Communities is focused on expanding its geographical footprint by increasing its average number of open communities. The company's 2026 projections are based on an anticipated mid-single-digit percentage increase in average open communities, alongside consistent absorption rates per community. This builds on a 28% year-over-year growth in community count to a record 322 communities in 2024.
- Strategic Focus on Affordability and Balanced Pricing: The company plans to maintain a strategic focus on offering affordable new homes. While previously prioritizing sales pace through incentives, Century Communities intends to adopt a more balanced approach between pace and price in 2026.
- Growth in Financial Services: Century Communities provides mortgage, title, and insurance services to its homebuyers, which contributes to its overall revenue. The company reported $25 million in Financial Services Revenue in Q4 2025, with a strong mortgage capture rate of 84% for both Q4 and the full year 2025.
- Strategic Land Acquisition and Development: The company has been actively investing in land acquisition and development to secure inventory for future growth. In 2025, Century Communities invested $1.2 billion in land acquisition and development to strategically position itself for future expansion. This investment, coupled with efforts to reduce cycle times and direct costs, aims to enable meaningful growth at attractive costs in the years ahead.
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Capital Allocation Decisions for Century Communities (CCS)
Share Repurchases
- In 2025, Century Communities repurchased 2.3 million shares for $143.6 million, representing 7% of shares outstanding at the beginning of the year.
- For the full year 2025, the company returned a record $178 million to shareholders through dividends and share repurchases.
- Quarterly repurchases in 2025 included $20.0 million in Q4 2025 (333,881 shares) and $20.0 million in Q3 2025 (296,903 shares).
Share Issuance
- As of February 2026, the number of common shares outstanding for Century Communities was 29,994,465, reflecting a decrease of 5.45% in the number of shares in the last year.
- Under the 2022 Incentive Plan, 3.1 million shares of common stock are available for issuance to eligible participants.
- In February 2026, performance share unit awards for the 2023-2025 period resulted in the issuance of 197,773 shares to the CEO.
Capital Expenditures
- Century Communities spent approximately $1.2 billion on land in 2025 to support its future growth in homebuilding operations.
- The company's capital expenditure for the last twelve months (LTM) as of November 6, 2024, was $4.82 million.
- Projected capital expenditures are $29 million for 2026, $31 million for 2027, and $32 million for 2028.
Peer Outperformance in Homebuilding
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CCS | Century Communities | 0.3% | 14.8x | 8.6% | 2.5% | 6.0% | — |
| GRBK | Green Brick Partners | 4.1% | 10.9x | 6.0% | 57.6% | 190.0% | +184pp |
| PHM | PulteGroup | -0.5% | 12.9x | 0.0% | 72.4% | 148.5% | +142pp |
| TOL | Toll Brothers | 1.7% | 10.9x | 8.4% | 96.2% | 142.4% | +136pp |
| MHO | M/I Homes | 0.3% | 12.3x | 4.8% | 68.6% | 131.9% | +126pp |
| IBP | Installed Building Products | 2.5% | 26.1x | -10.0% | 87.7% | 113.1% | +107pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -16.6% | 105.7% | 70.5% | LINC 304% · CVSA 267% · PRDO 220% |
| Homebuilding ← | 18 | -2.0% | 34.5% | 43.5% | GRBK 190% · PHM 149% · TOL 142% |
| Hotels, Resorts & Cruise Lines | 22 | 22.2% | 55.8% | 14.6% | RCL 258% · MAR 175% · HLT 164% |
| Automotive Retail | 18 | -15.0% | 3.4% | 9.8% | MUSA 248% · PAG 174% · ORLY 127% |
| Specialty Stores | 7 | -3.3% | 28.5% | 7.5% | FIVE 20% · SIG 11% · DKS 9% |
| Home Improvement Retail | 5 | -16.9% | 0.1% | 4.9% | HD 17% · LOW 13% · HVT 5% |
| Distributors | 4 | -5.2% | -21.9% | -6.4% | ARMK 149% · GPC 30% · LKQ -43% |
| Specialized Consumer Services | 10 | -7.3% | 24.1% | -9.2% | HRB 141% · FTDR 89% · SCI 48% |
| Restaurants | 34 | -6.0% | -6.0% | -13.0% | EAT 340% · CAKE 178% · RAVE 151% |
| Footwear | 9 | 62.5% | 43.8% | -15.4% | WEYS 163% · DECK 27% · SHOO 22% |
| Home Furnishings | 4 | -6.3% | 28.0% | -16.4% | SGI 46% · LZB 2% · MHK -35% |
| Leisure Products | 13 | -5.4% | -18.0% | -30.8% | GOLF 80% · HAS 20% · MCFT -6% |
| Casinos & Gaming | 20 | -9.6% | -24.5% | -32.5% | MCRI 107% · RSI 76% · RRR 60% |
| Apparel Retail | 25 | 1.2% | 11.9% | -37.6% | ANF 297% · DXLG 196% · URBN 140% |
| Automotive Parts & Equipment | 38 | -13.9% | -4.6% | -38.3% | MOD 1367% · GTX 299% · STRT 91% |
| Apparel, Accessories & Luxury Goods | 27 | -0.5% | 1.1% | -38.9% | TPR 248% · ELA 239% · RL 239% |
| Household Appliances | 18 | 8.5% | 42.5% | -40.5% | KEQU 188% · FLXS 153% · HBB 121% |
| Leisure Facilities | 12 | -17.4% | -9.7% | -43.8% | OSW 150% · JAKK 97% · ESCA 5% |
| Broadline Retail | 15 | 8.4% | 11.3% | -50.0% | DDS 304% · AMZN 55% · EBAY 49% |
| Computer & Electronics Retail | 3 | -17.6% | 4.9% | -60.4% | BBY -6% · UPBD -60% · GME -65% |
| Automobile Manufacturers | 8 | -63.0% | -67.4% | -70.9% | GM 80% · TSLA 46% · F 42% |
| Consumer Electronics | 11 | -12.8% | -20.1% | -78.9% | AXIL 2129% · GRMN 82% · TBCH -55% |
| Other Specialty Retail | 18 | -30.6% | -44.4% | -78.9% | BBW 163% · TLF 108% · WINA 96% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 79.69 |
| Mkt Cap | 13.0 |
| Rev LTM | 10,956 |
| Op Inc LTM | 1,329 |
| FCF LTM | 387 |
| FCF 3Y Avg | 847 |
| CFO LTM | 423 |
| CFO 3Y Avg | 926 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -8.1% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | -11.4% |
| QoQ Delta Rev Chg LTM | -2.7% |
| Op Inc Chg LTM | -49.3% |
| Op Inc Chg 3Y Avg | -23.2% |
| Op Mgn LTM | 7.0% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 6.0% |
| FCF/Rev LTM | 7.1% |
| FCF/Rev 3Y Avg | 5.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.0 |
| P/S | 0.8 |
| P/Op Inc | 10.8 |
| P/EBIT | 10.8 |
| P/E | 13.4 |
| P/CFO | 13.9 |
| Total Yield | 9.0% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 5.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.8% |
| 3M Rtn | 9.4% |
| 6M Rtn | -3.8% |
| 12M Rtn | -6.8% |
| 3Y Rtn | 19.0% |
| 1M Excs Rtn | -5.1% |
| 3M Excs Rtn | 7.3% |
| 6M Excs Rtn | -14.3% |
| 12M Excs Rtn | -27.1% |
| 3Y Excs Rtn | -56.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Century Complete | 953 | 997 | 921 | ||
| Mountain | 884 | 1,077 | 967 | ||
| West | 835 | 902 | 667 | ||
| Southeast | 682 | 702 | 595 | ||
| Texas | 581 | 627 | 461 | ||
| Century Living | 97 | 0 | 0 | ||
| Financial Services | 86 | 93 | 80 | ||
| Corporate | 0 | 0 | 0 | ||
| Financial services revenues | 95 | 124 | |||
| Home sales revenues | 4,394 | 4,033 | |||
| Land sales and other revenues | 17 | 60 | |||
| Total | 4,118 | 4,398 | 3,692 | 4,506 | 4,216 |
| $ Mil | 2025 | 2024 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Mountain | 942 | 1,026 | |||
| West | 892 | 781 | |||
| Texas | 892 | 835 | 27 | ||
| Southeast | 581 | 617 | |||
| Financial Services | 437 | 479 | |||
| Century Complete | 390 | 468 | |||
| Century Living | 199 | 218 | |||
| Corporate | 128 | 109 | 30 | 38 | 117 |
| Atlanta | 185 | 75 | |||
| Central Texas | 117 | 85 | |||
| Colorado | 314 | 280 | 168 | ||
| Houston | 52 | 29 | |||
| Nevada | 220 | 168 | |||
| Total | 4,460 | 4,532 | 918 | 676 | 313 |
Price Behavior
| Market Price | $69.32 | |
| Market Cap ($ Bil) | 2.0 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -6.0% | |
| 50 Days | 200 Days | |
| DMA Price | $67.68 | $61.83 |
| DMA Trend | up | up |
| Distance from DMA | 2.4% | 12.1% |
| 3M | 1YR | |
| Volatility | 43.1% | 41.9% |
| Downside Capture | 13.39 | 83.62 |
| Upside Capture | 130.22 | 75.56 |
| Correlation (SPY) | 20.4% | 28.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.35 | 0.48 | 0.73 | 0.85 | 0.96 | 0.94 |
| Up Beta | -2.16 | 0.17 | 0.52 | 1.24 | 1.74 | 0.89 |
| Down Beta | -1.31 | 1.07 | 0.97 | 0.75 | 0.73 | 0.67 |
| Up Capture | 1% | 123% | 113% | 71% | 75% | 97% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 24 | 34 | 63 | 125 | 361 |
| Down Capture | 102% | -42% | 37% | 79% | 80% | 105% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 19 | 29 | 63 | 126 | 391 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCS | |
|---|---|---|---|---|
| CCS | 6.8% | 41.9% | 0.26 | - |
| Sector ETF (XLY) | 1.3% | 19.3% | -0.06 | 40.1% |
| Equity (SPY) | 20.3% | 12.8% | 1.18 | 28.9% |
| Gold (GLD) | 36.2% | 28.8% | 1.06 | 6.9% |
| Commodities (DBC) | 37.6% | 20.3% | 1.46 | -30.3% |
| Real Estate (VNQ) | 11.8% | 13.6% | 0.57 | 41.1% |
| Bitcoin (BTCUSD) | -28.6% | 43.6% | -0.65 | 4.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCS | |
|---|---|---|---|---|
| CCS | 2.4% | 42.0% | 0.18 | - |
| Sector ETF (XLY) | 6.6% | 24.1% | 0.23 | 53.0% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 49.7% |
| Gold (GLD) | 20.3% | 18.7% | 0.89 | 9.1% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 0.4% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 55.1% |
| Bitcoin (BTCUSD) | 12.0% | 52.7% | 0.41 | 22.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCS | |
|---|---|---|---|---|
| CCS | 14.3% | 47.3% | 0.46 | - |
| Sector ETF (XLY) | 12.3% | 22.2% | 0.50 | 55.8% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 52.5% |
| Gold (GLD) | 12.6% | 16.3% | 0.64 | 10.8% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 14.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 55.3% |
| Bitcoin (BTCUSD) | 63.5% | 66.1% | 1.03 | 15.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/24/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 7.3% | 7.8% | 7.6% |
| 4/22/2026 | -7.1% | -13.1% | -17.8% |
| 1/28/2026 | -0.0% | 7.5% | 5.5% |
| 10/22/2025 | 7.2% | 0.9% | -6.6% |
| 7/23/2025 | -5.8% | -11.9% | -2.2% |
| 4/23/2025 | -6.3% | -9.2% | -13.4% |
| 1/29/2025 | 4.8% | 3.0% | -6.6% |
| 10/23/2024 | 2.6% | -1.3% | -4.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 14 |
| # Negative | 9 | 10 | 10 |
| Median Positive | 6.5% | 7.9% | 6.6% |
| Median Negative | -5.8% | -6.3% | -5.6% |
| Max Positive | 19.5% | 27.0% | 24.3% |
| Max Negative | -9.5% | -13.1% | -17.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 7.3% | 7.8% | 7.6% |
| 4/22/2026 | -7.1% | -13.1% | -17.8% |
| 1/28/2026 | -0.0% | 7.5% | 5.5% |
| 10/22/2025 | 7.2% | 0.9% | -6.6% |
| 7/23/2025 | -5.8% | -11.9% | -2.2% |
| 4/23/2025 | -6.3% | -9.2% | -13.4% |
| 1/29/2025 | 4.8% | 3.0% | -6.6% |
| 10/23/2024 | 2.6% | -1.3% | -4.6% |
| 7/24/2024 | 3.3% | 8.4% | 0.7% |
| 4/24/2024 | -4.7% | -2.6% | 0.7% |
| 1/31/2024 | 7.6% | -1.0% | 1.0% |
| 10/25/2023 | 5.8% | 8.0% | 24.3% |
| 7/26/2023 | 4.5% | 3.8% | -3.3% |
| 4/26/2023 | 3.1% | 2.2% | 1.2% |
| 2/1/2023 | -2.4% | -1.1% | -4.5% |
| 10/26/2022 | -9.5% | -9.7% | 1.6% |
| 7/27/2022 | -6.0% | -11.2% | -6.9% |
| 4/27/2022 | 6.5% | 14.0% | 4.7% |
| 2/2/2022 | -4.6% | -3.4% | -2.7% |
| 10/27/2021 | 6.8% | 7.3% | 13.0% |
| 7/28/2021 | 9.5% | 11.2% | 9.8% |
| 4/28/2021 | 13.1% | 18.2% | 23.1% |
| 2/4/2021 | 19.5% | 27.0% | 21.1% |
| 10/28/2020 | 0.8% | 10.6% | 10.4% |
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 14 |
| # Negative | 9 | 10 | 10 |
| Median Positive | 6.5% | 7.9% | 6.6% |
| Median Negative | -5.8% | -6.3% | -5.6% |
| Max Positive | 19.5% | 27.0% | 24.3% |
| Max Negative | -9.5% | -13.1% | -17.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 01/29/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 01/30/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/05/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 01/29/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 01/30/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/05/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/03/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q2 2026 Earnings Reported 7/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Deliveries | 9,750 | 10,125 | 10,500 | 1.2% | Raised | Guidance: 10,000 for 2026 | |
| 2026 Revenue | 3.50 Bil | 3.65 Bil | 3.80 Bil | 0 | Affirmed | Guidance: 3.65 Bil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Deliveries | 9,500 | 10,000 | 10,500 | Lowered | Guidance: 10,500 for 2026 | ||
| 2026 Revenue | 3.50 Bil | 3.65 Bil | 3.80 Bil | -5.2% | Lowered | Guidance: 3.85 Bil for 2026 | |
Q4 2025 Earnings Reported 1/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Home Deliveries | 10,000 | 10,500 | 11,000 | 3.7% | Higher New | Actual: 10,125 for 2025 | |
| 2026 Revenue | 3.60 Bil | 3.85 Bil | 4.10 Bil | 0 | Same New | Actual: 3.85 Bil for 2025 | |
Q3 2025 Earnings Reported 10/22/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Home Deliveries | 10,000 | 10,125 | 10,250 | -1.2% | Lowered | Guidance: 10,250 for 2025 | |
| 2025 Revenue | 3.80 Bil | 3.85 Bil | 3.90 Bil | -1.3% | Lowered | Guidance: 3.90 Bil for 2025 | |
Insider Activity
Updated 8/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Francescon, Dale | Executive Chairman | Direct | Sell | 2132026 | 72.44 | 100,100 | 7,251,225 | 40,686,689 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Francescon, Dale | Executive Chairman | Direct | Sell | 2132026 | 72.44 | 100,100 | 7,251,225 | 40,686,689 | Form |
Investor Activity (13F)
Updated Aug 27, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Homebuilding Resources |
| Builder Online |
| Professional Builder |
| HousingWire |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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