We detected a large dark pool trade in CCS stock on December 20, 2019. Century Communities is opening new model developments near my location in California’s Central Valley and let me tell you, they are going fast. I’m impressed that Century Communities know exactly where to build homes near the best schools and where property values are the highest.

Volume chart of CCS stock showing dark pool order on December 20, 2019. Interestingly, the larger volume candle, just 18 minutes earlier, is not being reported as a dark pool trade yet.

On December 5, 2019, Century Communities, Inc., a top 10 national homebuilder, announced that it has a new collection of townhome-style condos and flats coming soon to Enclave at Mission Falls—a master-planned 55+ community in Fremont, CA. Two other collections from Century Communities are already selling at Mission Falls: a set of single-family homes and an additional set of townhome-style condos.

  • Sierra Collection—coming soon!
  • From the mid $800s
  • Four two-story townhome-style condos
  • Two three-story flats
  • 2 bedrooms, up to 2,035 square feet
  • Covered decks
  • Elevators, per plan
  • Alpine Collection—now selling!

From $1.37 million:

  • Three two-story single-family detached floor plans
  • Three bedrooms, up to 2,260 square feet
  • Main-floor owner’s suites
  • Optional covered patios
  • Three models to tour and choose from
  • Cascade Collection—now selling!

From $1.17 million:

  • Six three-story townhome-style condos
  • Three bedrooms, up to 2,333 square feet
  • Covered decks
  • Included elevators (per plan)
  • Three models for tour

“We can’t wait to debut the new Sierra Collection,” said Jim Fletcher, Northern California Division President. “Along with our two existing Alpine and Cascade collections, this provides 55+ buyers at Mission Falls a fantastic variety of price points and layouts to choose from. There’s really something for every buyer. Plus, you can’t beat the easy access to shopping, recreation and regional transportation.”

On November 27, 2019, Century Communities announced that Trio, its newest community in Southern California, is now open for sales. This is Century Communities’ first entry in Orange County and will feature a new collection of upscale three-story townhomes starting in the mid $500s.

Contemporary and quality-built three-story townhomes with modern amenities are now available in five floor plans ranging in size from 1,100 to 1,912 square feet. A total of 40 townhomes are now available for sale at pre-grand opening prices. Homeowners will have options to choose from 2-4 bedrooms, 2.5-3.5 baths and attached 2-bay garages. Residents at Trio also will have easy access to I-91, I-55 and the I-57 freeways.

Century Communities’ Southern California division president Tom Hildebrandt said, “We are excited to announce pre-sales for Trio, our new townhome community in the historic and friendly city of Orange. This is a great location close to some of Southern California’s best beaches, cultural and educational institutions and employment centers. At Trio, homeowners will discover a wide range of modern, well-crafted townhomes that are ideally suited for today’s active lifestyles. Now is the best time to take advantage of pre-sales opportunities.”

Open and welcoming floor plans are integrated into the designs of Trios’ townhomes which include granite countertops and popular white thermofoil cabinets. In addition, community amenities include a dog park, two outdoor gathering places with BBQ area and firepit, and access to more recreational opportunities at iconic greenbelts.

Trio is located close to Old Towne Orange, which is one of California’s most treasured landmark communities. Orange is home to historic homes, gourmet restaurants, antique shops and boutiques. The city is also home to the University of California’s Irvine Medical Center, Chapman University, the nearby John Wayne Airport in Santa Ana, and a series of lakes, parks and wildlife sanctuary. Trio offers easy access to California’s prized beaches, Disneyland, and Angel Stadium. Residents at Trio will be served by the Orange Unified School District, which enjoys state and national distinctions.

On November 22, 2019, Century Communities announced that interested homebuyers can now join an interest list for the highly anticipated Arroyo at Loma Vista—an upcoming community offering ranch and two-story single-family floor plans in Clovis. Those who sign up will receive exclusive information on sales, model openings, community events and more.

ABOUT THE HOMES:

  • Six floor plans on generous homesites
  • 3 to 6 bedrooms, up to 3,040 square feet
  • 2- to 4-bay garages
  • No HOA fees
  • Structural options include lofts, dens, secondary suites and covered patios

PRIME LOCATION CLOSE TO:

  • Shops, restaurants and a farmer’s market in Old Town Clovis
  • The Sierra Vista Mall
  • Wild Water Adventure Park
  • Sierra National Forest

On November 20, 2019, Century Communities announced that it has begun its national rollout of Century Home Connect—a sophisticated package offering the best in smart home automation. Century Home Connect enables control of several convenient devices with the easy-to-use Nexia™ home automation app, which utilizes Z-Wave® wireless technology and works with the Google Assistant. Setup is just as easy and can be customized to a buyer’s individual needs and lifestyle, with a complimentary installation and configuration.

WHAT’S INCLUDED WITH CENTURY HOME CONNECT?

Google Nest Hub
Control your connected smart home devices with your voice. Just start with “Hey Google”.

Nexia thermostat
Smart thermostat enabled by Nexia™ for integrated smart comfort. Automate, monitor and control settings and devices remotely with the Nexia mobile app. Easily connects with voice assistant devices and up to 230 Z-Wave® devices throughout your smart home.

Eaton light switches or dimmers
Hands-free control of your light switches, even allowing you to adjust both indoor and outdoor lighting when away from home.

Schlage Connect™ Smart Deadbolt
Manage your door security and access from anywhere when paired with the Nexia home automation system.

Best Buy complimentary installation and consultation
Professionally trained and certified, Best Buy™ In-Home Advisors will deliver your Google Nest Hub, configure your Century Home Connect devices and show you how to get the most of your smart home technology.

“We’re thrilled that Century Home Connect is now available to homebuyers in all 10 states offering Century Communities’ branded homes. Select model homes will be outfitted so that potential buyers can see firsthand what the Century Home Connect package would look like in their new home,” said Mark Adcock, National VP of Construction Services. “We’re also proud to partner with Best Buy™ to ensure that new homeowners enjoy a streamlined and personalized experience.”

On October 30, 2019, B. Riley FBR analyst Alex Rygiel raised his price target for Century Communities to $40 from $36 citing his higher estimates the company’s improving outlook. The 35% “organic” new home contracts growth in the quarter confirms a rebound in market, which was evident across most all geographies, Rygiel tells investors in a research note. He keeps a Buy rating on Century Communities.

On October 29, 2019, Century Communities, Inc. (NYSE: CCS) announced financial results for its third quarter ended September 30, 2019.

  • Net Income Increased 59% to Third Quarter Record $27.0 million
  • Net New Homes Contracts Increased 35% to Third Quarter Record of 2,046 Homes
  • Home Deliveries Grew to Third Quarter Record of 1,891 Homes
  • Home Sales Revenues Increased to Third Quarter Record of $573.9 Million
  • Improved 2019 Outlook for Revenue and Deliveries

Century Communities reported Q3 EPS of 87c which was in-line with the consensus estimate. The company reported Q3 revenue of $590.36M which beat the consensus estimate of $581.12M.

Third Quarter 2019 Highlights:

  • Net income increased 59% to a third quarter record $27.0 million, or $0.87 per diluted share
  • Net new home contracts increased 35% to a third quarter record 2,046 homes
  • Home sales revenues increased to a third quarter record $573.9 million
  • Home deliveries grew to a third quarter record 1,891 homes
  • Adjusted homebuilding gross margin of 20.6% and homebuilding gross margin of 18.1%
  • Homes in backlog of 2,746 with a value of $854.9 million
  • Stockholders’ equity grew to a record $951.2 million
  • Adjusted EBITDA increased to a third quarter record $52.7 million

Dale Francescon, Co-CEO, said, “We experienced improving demand trends throughout the quarter driven by lower interest rates and improved affordability. We capitalized on this constructive environment by producing another strong quarter of earnings while generating a 35% year-over-year increase in net new contracts to a third quarter record 2,046 homes. As we move into the remainder of 2019, we are well positioned for continued success given expectations for interest rates to remain low along with our strong emphasis on delivering homes to the first-time buyer throughout our broad geographical platform.” Rob Francescon, Co-CEO, said, “Fundamentals across our diverse national footprint remained encouraging throughout the third quarter as our markets continued to benefit from healthy local economies and positive macroeconomic trends. We experienced considerable operating momentum across all aspects of our business generating third quarter records for revenues, net income, deliveries and net new contracts. We remain focused on deepening our presence in vibrant markets to continue to grow revenue and profitability with an on-going commitment of offering homes at entry-level price points. With our strong local market operations and a robust lot pipeline of new communities, we have the resources in place to continue to grow our business and generate attractive returns on equity into 2020 and beyond.”

I like the set up in CCS stock on the daily chart which is rounding up off support. There is a clearly defined stop loss below $26.20. Also, we are entering the strong time of year for home sales between February and May.

finviz dynamic chart for  ccs