How did NVR's Q1 2024 EPS outperform forecasts?

NVR's Q1 2024 EPS outperformed forecasts due to strategic lot acquisitions and a forward-thinking approach to resource management, which have positioned the company for continued growth. Additionally, the company's recent earnings report showed effective balance between new order intake and fulfillment processes, resulting in revenue growth that was in line with Wall Street's estimates. The company's strong financial performance is also underscored by its impressive operating income margin of 19.98% and aggressive share buybacks, which are contributing to strong EPS figures.