AI Prospecting for Lennar

Lennar Corporation has agreed to acquire Rausch Coleman Homes, an Arkansas-based homebuilder, expected to close in the first quarter of 2025. This acquisition will expand Lennar's presence in Arkansas, Oklahoma, Alabama, Kansas, and Missouri, and is part of its land-light strategy[1]. Lennar's stock recently dropped 3.32% to $167.83 on December 4, despite a positive year-to-date performance of +12.31%. Analysts maintain a mixed outlook with price targets ranging from $160 to $236[2][3].

Lennar Corporation has announced a collaboration with Base Power to provide homeowners in select Texas markets with battery-powered home energy services. This partnership will equip Lennar homes with Base backup batteries, offering outage protection and energy bill savings, and is set to expand across Lennar communities in Texas[2][5].

Lennar Corporation reported strong Q3 2024 results, with total revenues up 8% to $9.4 billion, net earnings increasing 5% to $1.2 billion, or $4.26 per share, and deliveries rising 16% to 21,516 homes. New orders increased 5% to 20,587 homes, and the company expects Q4 deliveries to range between 22,500-23,000 homes with an average sales price of $425,000[1][2][3].