The classical Cepheid l Carinae is an essential calibrator of the Cepheid Leavitt Law as a rare long-period Galactic Cepheid. Understanding the properties of this star will also constrain the physics and evolution of massive (M>=8M_{sun}) Cepheids. The challenge, however, is precisely measuring the star's pulsation period and its rate of period change. The former is important for calibrating the Leavitt Law and the latter for stellar evolution modeling. In this work, we combine previous time-series observations spanning more than a century with new observations to remeasure the pulsation period and compute the rate of period change. We compare our new rate of period change with stellar evolution models to measure the properties of l Car, but find models and observations are, at best, marginally consistent. The results imply that l Car does not have significantly enhanced mass-loss rates like that measured for {delta} Cephei. We find that the mass of l Car is about 8-10M{sun}_. We present Hubble Space Telescope Cosmic Origins Spectrograph observations that also differ from measurements for {delta} Cep and {beta} Dor. These measurements further add to the challenge of understanding the physics of Cepheids, but do hint at the possible relation between enhanced mass-loss and ultraviolet emission, perhaps both due to the strength of shocks propagating in the atmospheres of Cepheids.