Jim Cramer Says KB Home Stock Run Isn't Over
KB Home (KBH) - Get KB Home Report reported earnings on Tuesday.
“Net orders for the quarter grew 42% to 3,937, the company’s highest fourth-quarter level since 2005, with net order value increasing by $525.5 million, or 50%, to $1.58 billion,” KB said. “Both net orders and net order value increased in all of the company’s four regions, with net order value growth ranging from 30% in the Southwest region to 69% in the Southeast region.”
"The company’s cancellation rate as a percentage of gross orders for the quarter improved to 14% from 22%,” the company said.
Jim Cramer gives his thoughts on KB in the video above.
Watch: Everything Jim Cramer Is Watching in the Stock Market Wednesday
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