Century Communities (CCS) Shares Soar 8.57% on Florida Expansion

Century Communities (CCS) shares surged 8.57% today, reaching their highest level since April 2025 with an intraday gain of 9.47%.

The strategy of buying CCS shares after they reach a recent high and selling them a week later delivered moderate returns but underperformed the benchmark. The strategy’s CAGR was 8.61%, trailing the benchmark by 35.73%. With a maximum drawdown of 0.00% and a Sharpe ratio of 0.25, the strategy had minimal risk but lacked sharp performance, as indicated by its 23.23% return compared to the benchmark’s 58.96%.

Century Communities is expanding its market presence with the launch of Park Grove, a new residential community in Jacksonville, Florida. This strategic expansion could strengthen the company's market position and attract potential homebuyers, potentially influencing the stock price positively.

Century Communities is set to report its Q2 2025 earnings on July 23. While EPS and revenue estimates indicate declines, the company has a strong history of exceeding expectations with an 88% beat rate. This mixed earnings outlook could introduce volatility in the stock price.

Over the past 90 days, revenue estimates for CCS have declined significantly for the year 2025. This downward revision in revenue expectations may concern investors and could impact the stock negatively.