Lennar Corporation (NYSE: LEN) reported better-than-expected earnings and revenue for the first quarter of 2025, yet shares fell by 5% in pre-market trading. The company indicated concerns about a weak housing market, which contributed to the decline in its stock price. Analysts noted that Lennar had repurchased 2% of its common stock offering (CSO) in the first quarter, totaling nearly 20% since 2019, compared to 16% for competitor NVR. Despite the positive earnings report, sell-side analysts have adjusted their forecasts downward, lowering FY 2025 earnings per share (EPS) estimates by 17%. This adjustment comes as the housing market remains uncertain, prompting further scrutiny of Lennar's future performance.