CoStar Group

CoStar Group, Inc. provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions. Its brands include CoStar, which is the largest provider of CRE research and real-time data, LoopNet, which is the most heavily trafficked mobile and online real estate marketplace, Apartments.com, which is the rental home resource for renters, property managers and owners, STR, which provides performance benchmarking and comparative analytics to the hotel industry, BizBuySell, which is the online marketplace for businesses-for-sales, and Lands of America, which is the operator of online marketplaces for rural real estate. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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CoStar Group reports robust Q4 earnings, eyes long-term growth targets

CoStar Group's Q4 2022 earnings call highlighted strong financial results, ongoing investments in key segments, and a focus on sustainable growth. The company is optimistic about achieving its long-term revenue and EBITDA targets, despite facing challenges in margin contraction and investment management.

CoStar Group reports robust Q1 earnings, eyes European expansion

CoStar Group delivered strong Q1 2023 results, driven by revenue growth across key segments like Apartments.com, Homes.com, and LoopNet, showcasing operational strength.
While facing challenges in revenue guidance adjustments and increased spending, the company remains focused on growth opportunities in new markets and strategic investments.
With a solid financial foundation, diverse revenue mix, and confidence in market resilience, CoStar is poised to navigate challenges and capitalize on emerging opportunities for sustained growth.
The company's performance highlights its ability to adapt to market dynamics, leverage strengths in key business areas, and pursue strategic initiatives for long-term success.

CoStar Group excels in Q2 earnings, poised for strategic growth

CoStar Group delivered impressive Q2 results with revenue surpassing expectations and strong EBITDA performance.
While facing challenges in sales growth in some segments, CoStar's diverse product offerings and market strategies position it well for future growth.
Strategic focus on premier ads, value propositions, and investments in innovation underscore CoStar's commitment to driving revenue and market expansion.

CoStar Group reports robust Q3 growth, eyes European expansion

CoStar Group's Q3 performance reflects strong revenue growth, robust sales momentum, and strategic investments positioning the company for continued success and market leadership.
Despite challenges in meeting EBITDA guidance and booking volatility, CoStar's diversified revenue streams, market focus, and growth initiatives present opportunities for sustained growth and expansion.
With a focus on disruptive technologies, market expansion, and content enhancement, CoStar is poised to capitalize on growth opportunities in the U.K., Europe, and the residential market segment.
Overall, CoStar Group's performance highlights resilience, strategic foresight, and a strong market position, setting the stage for continued growth and value creation in the real estate information and marketplace sector.

CoStar Group reports robust 2023 performance and strategic growth plans

CoStar Group's strong 2023 performance, marked by revenue growth and improved net income, positions the company well for future growth.
While facing challenges such as declining legacy revenue and increased capital expenditures, strategic opportunities in residential markets and international expansion offer avenues for growth.
The company's focus on driving operating leverage in commercial businesses while funding residential marketplace strategy underscores a balanced approach to growth and profitability.
Overall, CoStar Group's financial strategy for 2024 aims to capitalize on strengths, address challenges, and leverage opportunities for sustained growth and profitability.

CoStar Group excels in Q1 2024, acquires Matterport for growth

CoStar Group delivered strong Q1 2024 results, surpassing revenue estimates and setting record metrics in key segments and market engagement.
Strategic acquisitions, like Matterport, and robust segment performances position CoStar for sustained growth and enhanced market presence.
While facing challenges in balancing segment revenues and short-term profitability, CoStar's focus on operational efficiency and growth opportunities remains strong.
Overall, CoStar's outlook for the year indicates a positive trajectory with revenue growth, enhanced data capabilities, and market expansion opportunities.

CoStar Group excels in Q2 2024, eyes sustained growth

CoStar Group delivered impressive financial results in Q2 2024, driven by revenue growth and operational efficiency.
While facing challenges in certain segments, the company's strong performance and market reach position it well for future growth.
With revised revenue guidance and increased full-year outlook, CoStar Group remains focused on sustained growth and market leadership.

CoStar Group excels in Q3 2024, eyes growth through acquisitions

CoStar Group's Q3 2024 showcased strong financial results, exceeding expectations across revenue, net income, and EBITDA. The company's diverse segments, including Apartments.com and commercial real estate, demonstrated resilience and growth potential.
While facing challenges with Homes.com, CoStar remains poised for growth with strategic acquisitions like Visual Lease and ongoing investments in sales forces. The outlook for 2024 indicates a positive trajectory with revenue growth and adjusted EBITDA expectations.

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CoStar Group, Inc. engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the United States and Canada. The International segment refers to Europe, Asia-Pacific, and Latin America. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the fourth quarter and year end 2020 following the market close on Tuesday, February 23, 2021. Management will conduct a conference call to discuss the fourth quarter and full year results, as well as the Company's outlook at 5:00 PM ET that same day. A live audio webcast of the conference will be available in listen-only mode through the Investors section of the CoStar Group website: https://inve

CoStar Group to Report Financial Results for Fourth Quarter 2020 on February 23, 2020

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CoStar Group's (CSGP) buyout of RentPath falls through as the latter terminates the agreement owing to the FTC's objection.

CoStar's (CSGP) Acquisition Deal of RentPath Falls Through

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WASHINGTON--(BUSINESS WIRE)--CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, today announced its acquisition of Houses.com, setting the stage for its entry into residential real estate marketplaces. On December 16, 2020, the Federal Trade Commission cleared CoStar Group's acquisition of Homesnap, Inc., which provides real estate brokers with a mobile platform and other technology for managing and analyzing their listings and the housi

CoStar Group Announces Acquisition of Houses.com URL

WASHINGTON--(BUSINESS WIRE)--CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced today that the Federal Trade Commission (FTC) has cleared its acquisition of Homesnap, Inc., an industry-leading provider of technology solutions to the real estate industry. CoStar and Homesnap submitted the proposed merger for FTC review in late November 2020. “Adding Homesnap to CoStar Group's network provides significant complementary value to o

FTC Clears CoStar Group to Close Acquisition of Homesnap

CoStar Group, Inc. (NASDAQ: CSGP) — a leading provider of commercial real estate information, analytics, and online marketplaces — announced recently that it has reached an agreement to acquire Homesnap for $250 million. These are the details.

Why CoStar Is Buying Homesnap For $250 Million

CoStar's (CSGP) acquisition of Homesnap will enable it to expand presence in the residential real estate.

CoStar (CSGP) Announces Acquisition of Homesnap for $250M

TORONTO--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, is proud to announce the hire of Carl Gomez to serve as the company's Chief Economist and Head of Market Analytics Canada. In this role, Mr. Gomez will be leading market analytics for Canada, working strategically to accelerate the brand's growth momentum across the region and build a team of high performance, senior-level talent. “With CoSt

CoStar Group Canada Welcomes New Chief Economist & Head of Market Analytics

Commercial real estate data provider CoStar Group Inc (NASDAQ: CSGP) will acquire Homesnap Inc for $250 million. The all-cash deal is expected to close this year.

CoStar Ventures Into Residential Real Estate Data Business With $250M Homesnap Acquisition

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use

CoStar Group Agrees to Acquire Homesnap, a Digital Residential Real Estate Solutions Provider Used by 300,000 Agents Responsible for More Than Half of All US Residential Real Estate Sales

In uncertain times, CoStar resembles one of the surest real estate bets on the market. Its state-of-the-art software platform has become a consistent, cash-producing machine.

CoStar Group: A Great Company Continuing To Get Better

I continue to be impressed by CoStar's ability to sustain growth and margin expansion through COVID. Post-3Q, CoStar remains on track for its FY23 targets given the extensive runway and the margin-accretive shift toward Marketplace.

CoStar Group: A Wonderful Company At A Fair Price

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced it ranked 29th on Fortune Magazine's annual list of the 100 Fastest-Growing Companies. The prestigious designation recognizes the world's best three-year performers in revenues, profits and stock returns. “To receive this coveted distinction in a year where an unprecedented pandemic sent shockwaves through the global econo

CoStar Group Rises on Fortune Magazine's 100 Fastest-Growing Companies

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CoStar's (CSGP) third-quarter 2020 results benefit from solid top-line growth driven by robust traffic on Apartments.com.

CoStar Group (CSGP) Q3 Earnings Beat, Revenues Increase Y/Y

CoStar Group's (CSGP) CEO Andy Florance on Q3 2020 Results - Earnings Call Transcript

CoStar (CSGP) delivered earnings and revenue surprises of 8.65% and 2.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

CoStar Group (CSGP) Q3 Earnings and Revenues Top Estimates

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended September 30, 2020, was $426 million, an increase of 21% over revenue of $353 million for the third quarter of 2019. Net income for the third quarter of 2020 was $58 million, or $1.48 per diluted share. Adjusted EBITDA (which excludes stock-based compensation, acquisition and integration

CoStar Group Third Quarter 2020 Revenues Increase 21% Year-over-Year with Third Quarter Sales of $53 Million Increasing 53% Above Second Quarter 2020 Sales

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of CoStar Group Inc (NASDAQ:CSGP).

Was The Smart Money Right About Crowding Into CoStar Group Inc (CSGP)?

On Tuesday, October 27, CoStar Group (NASDAQ: CSGP) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

CoStar Group's Earnings: A Preview

CoStar (CSGP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CoStar Group (CSGP) Q3 Earnings Expected to Decline

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the third quarter 2020 following the market close on Tuesday, October 27, 2020. Management will conduct a conference call to discuss the second quarter results, as well as the Company’s outlook at 5:00 PM ET that same day. To participate in the conference call, please register online in advance at http://www.directeventreg.com/registration/event/9987236. After registering, participants will receiv

CoStar Group to Report Financial Results for Third Quarter 2020 on October 27, 2020

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