Why NVR's Stock Is Lower, Even After Its Q4 2019 Earnings Beat

If you want a housing industry success story of the last five years, look no further than homebuilder NVR (NYSE: NVR). Its stock has outperformed most of its peers, rocketing up 217% in the last half-decade.

But you wouldn't know it to look at the company's performance so far in 2020. Year to date, shares are only up 1.9%, compared with the S&P 1500 Homebuilding Index's gain of 13.1%. The company's fourth-quarter 2019 and full-year results, released on Jan. 28th, didn't help. A slight gain upon the release had been more than wiped out just a day later.

This doesn't seem to be directly related to the company's performance, though. Here's what investors need to know.

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Source Fool.com