Glancy Prongay probes Lennar Corp over delivery fraud allegations

Glancy Prongay Wolke & Rotter LLP continues investigation into Lennar Corp over alleged securities fraud. Allegations state Lennar met Q3 delivery guidance only via last-minute sales to Millrose Properties. Stock fell $5.37 or 6.73% to $74.44 on October 5, 2026, following Hunterbrook Media report. Whistleblowers may receive up to 30% of successful SEC recoveries under whistleblower program.

Lennar faces second legal probe over Millrose delivery claims

Kirby McInerney LLP joins Block & Leviton in investigating Lennar for potential securities law violations. Lennar shares fell 6.73% from $79.81 to $74.44 between October 2 and October 5, 2026. Hunterbrook report alleges Lennar sold over 700 homes worth $200 million to spinoff Millrose. Millrose purchases included 356 homes in the final week of fiscal Q3, enabling a 340-home delivery beat. Millrose's net rental yield of ~5% fails to cover borrowing costs of 6.5% to 6.75%.

Lennar Q3FY26 Results: Revenue misses estimates as labor costs rise

Lennar Q3 revenue of $8.05 billion missed analyst estimates, with new orders down 9% YoY. Stuart Miller cited data center labor demand and immigration crackdowns as key headwinds. KB Home beat estimates with $1.297 billion revenue and $1.05 EPS despite cost pressures. KB Home implemented direct fuel surcharges to offset rising inflation and tariff impacts.

RBC Capital lowers Lennar price target to $69, maintains Underperform

RBC Capital lowers Lennar price target from $85 to $69. Underperform rating remains unchanged. Analyst Mike Dahl leads the coverage update.

Lennar Q3FY26 Results: Q4 EPS guidance misses estimates

Lennar Q3 adjusted EPS was $1.23, missing the $1.30 estimate by 5.38%. Quarterly sales fell to $8.046 billion, below the $8.307 billion forecast. Q4 GAAP EPS guidance of $1.30-$1.65 is well below the $1.99 analyst estimate. New orders dropped 9% YoY to 20,879 homes amid deteriorating market conditions.

Lennar sees Q4 2026 new orders at 19,500-20,500; deliveries at 22,000-23,000

Lennar projects Q4 2026 new orders between 19,500 and 20,500 units. Deliveries are expected to reach 22,000 to 23,000 units in the same period. Delivery estimates exceed new order guidance by up to 3,000 units. Guidance reflects management's view on current demand and pipeline status.