CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities in the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing, and land properties; CoStar Leasing, a data on lease transactions and tools to manage user-entered lease data; CoStar Sales, a database of commercial real estate sales transactions; CoStar Owners provides detailed portfolio information; CoStar Markets to view and report on market and submarket trends; and CoStar Tenant that provides tenant information. The company also provides hospitality benchmarking that allows hotels to measure performance against competitors; Debt Solutions, a tool for lenders to manage loan portfolios and risk; and real estate and lease management technology solutions, such as lease administration, lease accounting, and transaction management services. In addition, it offers Apartamentos.com, an apartment marketing sites; LoopNet.com, a commercial property marketing sites; Homes.com, a home for sale listings site; Ten-X, an online auction platform for commercial real estate; Land.com, a marketplace for rural land sales; and BizBuySell.com, a marketplace for operating businesses and franchises for sale. It serves sales, leasing, and mortgage brokers; property, real estate investment trust, insurance companies, and asset managers; and government agencies, property owners, mortgage-backed security issuers, appraisers, design and construction professionals, pension fund managers, real estate developers, reporters tenant vendors, bankers, building services vendors, mortgage bankers, communications providers, retailers, institutional advisors, hospitality owners, investors, and real estate agents. The company was founded in 1986 and is headquartered in Arlington, Virginia.
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CoStar Weakest, EXL Strongest in Q2 Data Services Earnings
CoStar Group was the weakest performer among nine data and business process services stocks tracked in the second quarter, while EXL led the group with the biggest analyst estimate beat and highest full-year guidance raise. CoStar reported revenues of $925 million, up 18.4% year over year and in line with expectations, but delivered the weakest guidance update and weakest full-year guidance update among its peers. EXL posted revenues of $594.8 million, up 15.6% year over year and beating estimates by 3.5%, with full-year revenue guidance also above expectations. Equifax reported revenues of $1.7 billion, up 10.6% year over year and in line with estimates, but slightly missed full-year EPS guidance. TransUnion reported revenues of $1.31 billion, up 14.9% year over year and beating estimates by 1.8%, while ADP reported revenues of $5.47 billion, up 6.8% year over year and beating estimates by 0.7%. As a group, revenues beat consensus estimates by 1% while next quarter's revenue guidance was 1.3% below, and share prices are up 7.8% on average since the latest earnings results.
CoStar Group Completes $800 Million Acquisition of Zonda
CoStar Group has completed its acquisition of Zonda, a leading provider of new home construction data, homebuilder software and residential real estate marketplaces, for $800 million in cash. The deal expands CoStar Group's presence into the U.S. new home market, which represents approximately $400 billion in annual home sales. Zonda serves more than 3,000 customers and generated approximately $170 million of revenue in 2025 at an Adjusted EBITDA margin of 23%. The acquisition brings NewHomeSource.com and Livabl into CoStar Group's portfolio of online marketplaces. CoStar Group announced the agreement on May 29, 2026, and the transaction has now satisfied required regulatory approvals and customary closing conditions.
CoStar Group has appointed Steve Price as President of Ten-X, its digital commercial real estate auction platform. Price joins after 12 years at Auction.com, where he most recently served as Executive Vice President of Foreclosure Auction Services, and previously spent a decade at Bank of America. Ten-X will operate as a standalone brand with its own leadership team, while auctions remain available on CoStar and LoopNet, and CoStar Group plans to relaunch the Ten-X website with direct bidding functionality. CoStar Group CEO Andy Florance said the move is part of a strategy to innovate, grow revenue, and regain share in the online real estate auction space.
CoStar has upgraded its U.S. retail forecast, projecting broadly balanced conditions through 2027. National retail vacancy is expected to hold near current levels in the near term before rising minimally, while rent growth should strengthen modestly as limited new supply and healthy tenant demand support occupancy. Brandon Svec, national director of retail analytics at CoStar Group, said the revision reflects stronger-than-anticipated demand earlier this year, with store openings outpacing closures and known closure announcements at their lowest level in several quarters. He noted risks remain tilted modestly to the downside, including higher energy prices from geopolitical conflict involving Iran, renewed tariff uncertainty, labor market deterioration, and weaker population gains from tighter immigration policies.
CoStar CEO Andrew Florance Buys 83,300 Shares for $2.5 Million
CoStar Group founder and CEO Andrew Florance purchased 83,300 shares of common stock at $29.89 per share for a total transaction value of approximately $2.5 million on August 4, 2026. The acquisition increased his direct equity holdings by 5%, bringing his total direct position to roughly 1.8 million shares. The purchase was executed as the stock's one-year return stood at negative 69% as of the transaction date. The company is rolling out platinum listings on Homes.com this quarter, and analysts' consensus figures project fiscal 2026 revenue growth of 15% to more than $3.7 billion with net income jumping from $7 million to over $235 million.
CoStar Group Forecasts US Industrial Demand Outpacing Supply by Late 2027
CoStar Group issued a revised forecast that U.S. industrial real estate demand could outpace new supply by late 2027. The updated outlook signals a potential turning point in industrial market fundamentals that may affect leasing, development and capital allocation decisions. The forecast reinforces CoStar's role as a core data provider for commercial real estate decisions, as institutional owners, developers and lenders may rely more heavily on its analytics when evaluating projects. The company's stock closed at $30.24, down 54.0% year to date and 68.0% over the past year.
88% of real estate names beat revenue estimates this week
Out of 18 financial names that reported earnings this week, most posted beats on FFO, EPS, and revenue. Public Storage, Regency Centers, and VICI Properties missed on FFO, while CoStar Group and Mid-America Apartment missed on revenue. American Tower posted stronger-than-expected Q2 earnings and revenue, fueled by robust leasing demand, and boosted 2026 guidance. VICI Properties' second-quarter earnings and updated full-year 2026 guidance failed to impress investors, with AFFO per share of $0.62 in line with consensus and revenue of $1.06 billion exceeding estimates. Essex Property Trust reported FFO of $4.08, beating expectations by $0.04, and received an upgrade to Market Outperform from Citizens.
CoStar Group Q2 earnings beat estimates as revenues rise 18.4%
CoStar Group reported second-quarter 2026 adjusted earnings of 32 cents per share, up 88.2% year over year and surpassing the Zacks Consensus Estimate by 14.29%. Revenues increased 18.4% to $925 million, though they missed the consensus estimate by 0.43%. Commercial Real Estate revenues rose 7.8% to $481 million, while Residential Real Estate revenues climbed 33% to $444 million, with the residential segment turning adjusted EBITDA positive for the first time. Adjusted EBITDA more than doubled to $184 million, and the adjusted EBITDA margin expanded 900 basis points to 20%. For the full year, CoStar revised its revenue outlook to $3.715-$3.755 billion but affirmed adjusted EBITDA guidance of $780-$820 million.
Biogen, GE HealthCare, Ford lead premarket movers on earnings beats
Several companies made notable premarket moves following their latest quarterly reports. Biogen rose 0.7% after beating revenue consensus and raising its full-year adjusted EPS guidance. GE HealthCare Technologies surged 12% on second-quarter adjusted earnings per share of $1.13, topping the FactSet consensus of $1.04, and reaffirmed its 2026 earnings guidance. Ford Motor jumped 6% after beating adjusted earnings expectations and hiking its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Vertiv tumbled 13% as its 17.8% organic revenue growth fell well short of the 23.6% FactSet consensus. Generac gained 5.5% on adjusted earnings of $2.91 per share, beating the $2.01 forecast, and reiterated its revenue growth guidance. Procter & Gamble dropped over 3% after fiscal fourth-quarter revenue of $21.2 billion missed the $21.38 billion LSEG estimate, and net income fell to $3.04 billion from $3.62 billion a year ago. Deutsche Bank rose more than 2% after posting a record second-quarter after-tax profit of 1.9 billion euros. CoStar tumbled 15% on a revenue miss and current-quarter guidance of $935 million to $945 million, below the $967.5 million consensus. Rocky Brands surged 16% as adjusted earnings per share more than tripled year-over-year, aided by tariff refunds and strong double-digit growth in several brands. KLA Corp slid 7% after issuing disappointing guidance, while Seagate Technology rose 6% on an outlook that trounced expectations, and Western Digital gained 4% in sympathy. Manhattan Associates climbed 11% after beating estimates and raising full-year forecasts. Visa lost 2% as its 2026 guidance underwhelmed, and it announced plans to cut about 2,600 jobs. Teradyne surged 9% on beats across second-quarter results and third-quarter forecasts. NXP Semiconductors lost 1.7% as its third-quarter adjusted earnings guidance bracketed the LSEG estimate. Skyworks Solutions slumped 9% after adjusted margin of 44.9% narrowly missed the 45.0% expectation.
CoStar Group Reports Record Revenue of $925 Million in Q2 2026
CoStar Group reported record revenue of $925 million for the second quarter of 2026, an 18% increase year over year. Adjusted EBITDA more than doubled to $184 million, representing a 20% margin, while net income surged 817% from the prior year. Commercial revenue rose 8% to $481 million and residential revenue climbed 33% to $444 million, driven by a 19% increase in CoStar platform subscribers to 327,000. Net new bookings were $69 million, up 3% sequentially but down approximately 26% year over year, reflecting strategic restructuring and competitive pressures. The company revised its full-year revenue guidance to a range of $3.715 billion to $3.755 billion, a 15% increase at the midpoint, and expects full-year adjusted EBITDA between $780 million and $820 million.
Ford, Teradyne surge while KLA Corp, CoStar tumble in after-hours trading
Several stocks made big moves in after-hours trading following their latest earnings reports. Ford Motor surged 6% after beating second-quarter adjusted earnings expectations and raising its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Teradyne jumped 14% as both second-quarter results and third-quarter guidance topped FactSet forecasts, while Seagate Technology rose 8% on an outlook that trounced LSEG expectations, lifting Western Digital 4% in sympathy. On the downside, KLA Corp slid 9% after issuing disappointing guidance, CoStar tumbled 12% on a revenue miss and weak current-quarter forecast, and Skyworks Solutions slumped 10% as adjusted margin narrowly missed expectations. Visa lost nearly 2% after its 2026 fiscal-year guidance underwhelmed, despite announcing plans to cut about 2,600 jobs, or roughly 7% of its headcount.
Ten S&P 500 Stocks Lost Over 40% in 2026 as Investors Dumped Everything AI Might Kill
Ten stocks in the S&P 500 lost more than 40% in 2026 even as the index rose 8.28%, as investors fled companies they believed artificial intelligence would disrupt. Intuit fell 55.27% after cheap AI tax tools emerged, prompting Goldman Sachs analyst Gabriela Borges to cut her price target to $276 from $519 and the company to reduce staff by 17% and lower its TurboTax forecast. Accenture dropped 45.21% as clients shifted spending to AI instead of consultants, with new orders slipping to $19.3 billion from $19.7 billion and the firm cutting its sales growth outlook to between 3% and 4%. Cognizant, Gartner, and The Trade Desk each lost between 44% and 55%, while the two worst performers fell for non-AI reasons: CoStar Group sank 58.86% after saying its Homes.com site would not cover costs until 2029, and Boston Scientific declined 53.59% after cutting its sales growth forecast and recalling Accolade pacemakers linked to four deaths and 2,557 serious injuries. Meanwhile, chip and memory makers surged, with Sandisk up 505.17%, Dell Technologies up 247.55%, and Micron Technology up 222.68%.
Digital Realty Trust and Equinix lead real estate gainers as sector hits 52-week high
Digital Realty Trust and Equinix were among the top large-cap real estate gainers this week as the sector benefited from a rotation out of technology stocks and reached a new 52-week high. The Real Estate Select Sector SPDR Fund hit a 52-week high after upbeat housing data, with the S&P 500 Real Estate Index Sector rising 1.35% to 293.1 points. Digital Realty Trust surged 14.49% to $199.08 after posting stronger-than-expected second-quarter earnings and raising its full-year guidance, while Equinix advanced 6.30% to $1,084.24. Among large-cap losers, KE Holdings fell 8.68% to $15.89 and CoStar Group dropped 7.12% to $27.66. In the mid-cap segment, Opendoor Technologies was the biggest loser with a 14.78% decline to $3.84, while data center REIT Fermi led gainers with a 22.31% jump to $7.40.
U.S. Retail Asking Rent Growth Slowed to 1.6% in Q2 2026
U.S. retail asking rent growth slowed to 1.6% year over year in the second quarter of 2026, the slowest pace in more than a decade, according to CoStar. Brandon Svec, national director of retail analytics at CoStar Group, said the deceleration reflects normalization rather than weakening demand, citing softer consumer spending growth, elevated interest rates, and greater tenant cost pressures. Despite the slowdown, landlords continue to realize substantial rent spreads when space turns over, particularly in high-traffic retail corridors where available space remains scarce. Several Sun Belt markets that led rent growth earlier in the cycle, including Phoenix, Orlando, Atlanta, Charlotte, and Las Vegas, remain among the stronger performers nationally, posting annual rent growth between roughly 3% and 6%, though many of these markets have seen moderating rent gains.
CoStar Group CFO Transition Puts Cost Discipline in Focus
CoStar Group announced that Robin Rossmann will become Chief Financial Officer on July 31, 2026, replacing Christian Lown, who is departing for an opportunity outside the real estate information industry. Rossmann previously cut about US$51,000,000 in European costs while expanding revenue and launching CoStar in France, underscoring his operational experience and international focus. The CFO change has shaken near-term investor confidence, but Rossmann's cost-cutting credentials may help address concerns that heavy spending on Homes.com, technology, and headcount could keep profitability under pressure. CoStar's narrative projects $5.0 billion in revenue and $679.3 million in earnings by 2029, with a fair value estimate of $48.25 per share, representing a 69% upside to the current price. Some optimistic analysts had assumed revenue of about US$5.1 billion and earnings of roughly US$839 million, but the CFO news and questions about sustaining high renewal rates on fast-growing platforms like Homes.com suggest those upbeat scenarios may be tested.
CoStar, JPMorgan, Real Brokerage, Semtech, and Paramount moved sharply on Tuesday
Several stocks made notable moves on Tuesday. CoStar fell 3.6% after its CFO departed, prompting a Baird downgrade. JPMorgan Chase rose 2.6% after reporting second-quarter results that beat Wall Street expectations. The Real Brokerage gained 4.5% after the Department of Justice granted early termination of the Hart-Scott-Rodino waiting period for its proposed merger with RE/MAX Holdings. Semtech rose 5.7% after Needham reiterated a Buy rating and $200 price target following investor meetings with executives. Paramount fell 2.9% after a coalition of 12 US states filed a lawsuit seeking to block its proposed $110 billion acquisition of Warner Bros. Discovery.
CoStar Stock Falls 3.8% After CFO Departure and Analyst Downgrade
Shares of CoStar Group fell 3.8% to close at $27.68 after the real estate data provider's CFO Christian Lown departed, prompting Baird to downgrade the stock to Neutral from Outperform and cut its price target. Robin Rossmann was named as the new CFO effective July 31, 2026. The sudden management change and lack of a guidance reiteration fueled concerns about near-term momentum and disappointing net bookings. The stock is now down 57.9% year-to-date and trading 71.4% below its 52-week high of $96.83 from August 2025.
CoStar Group Acquires 30% Stake in Italian Real Estate Marketplace Wikicasa
CoStar Group has acquired an approximately 30% stake in the Italian agent-backed real estate marketplace Wikicasa. The investment is supported by a shareholder base that includes major Italian firms such as Tecnocasa Group, Gabetti Group, RE/MAX Italy, and Tempocasa. Wikicasa.it features over 600,000 property listings, including more than 100,000 commercial entries. The partnership aims to broaden the visibility of Wikicasa's commercial listings through LoopNet and accelerate the adoption of Matterport's 3D digital twins and AI technologies in Italy.
CoStar Group has launched its flagship CoStar platform in France, expanding its commercial real estate intelligence platform to one of Europe's largest commercial real estate markets. The launch builds on the company's acquisitions of BureauxLocaux and Business Immo, together with years of investment in proprietary local research. At launch, the French platform covers more than 290,000 commercial properties, 385,000 commercial tenants, 90,000 active property availabilities, 75,000 lease activities and sales comparables, and more than 134 market and submarket reports on key markets such as Greater Paris, Lyon and Marseille. The company has more than 320,000 commercial real estate professionals who subscribe to its platform, offering French customers access to international commercial property markets and its subscribers the ability to evaluate investment opportunities in France seamlessly. The launch is expected to deepen customer engagement, expand cross-border subscription opportunities and strengthen CoStar's long-term recurring revenue growth.
CoStar Group Stock Appears Undervalued on Tailored P/S Ratio Despite Mixed Broader Checks
CoStar Group's stock appears undervalued relative to its tailored fair price-to-sales ratio of 4.1 times, even as broader valuation checks yield a mixed score of 3 out of 6. The company currently trades at a P/S of 3.6 times, above the real estate industry average of 2.7 times and the peer average of 1.5 times, but below the 4.1 times fair multiple that adjusts for scale, margins, and risk. The stock has fallen 65.4% over the past three years, and its next move may depend on whether recent price weakness has already priced in pressure on returns or if the current valuation still assumes more improvement than is prudent. Heavy investment in residential and European real estate data, along with integration risk from acquisitions like Zonda, could weigh on how much value investors ascribe to those growth efforts.
Benchmark Initiates CoStar With Buy Rating Following Zonda Acquisition
Benchmark initiated coverage of CoStar Group with a Buy rating and a $45 price target on June 4. Analyst Michael Rindos noted the stock had fallen roughly 50% year-to-date due to concerns over the sluggish housing economy, aggressive spending at Homes.com, and activist investor buzz. The firm believes the stock has bottomed and is poised to recover, with the residential segment's adjusted EBITDA expected to turn positive in the second half of 2026 and margins expanding into 2027. Separately, on May 29, CoStar announced an agreement to acquire Zonda, a provider of homebuilder software and new home development data, for $800 million in cash. The deal includes two online new home marketplaces, NewHomeSource and Livabl, which display listings from residential builders in the US and Canada.
ServiceNow, CoStar, The Trade Desk, and Amplitude rise on analyst upgrades; Freshpet falls on competition
Several stocks made notable moves on Wednesday. ServiceNow rose 6.8% after Guggenheim upgraded the stock to Buy with a $125 price target. CoStar gained 5.4% following its announcement of an investment to acquire a 30% stake in Italian real estate marketplace Wikicasa. Freshpet fell 5.6% after Bank of America lowered its price target and competitor Hill's Pet Food entered the fresh dog food market. The Trade Desk climbed 5.7% as Guggenheim upgraded both Salesforce and ServiceNow to Buy, citing overly low valuations after AI-driven sector selloffs. Amplitude surged 17.6% after Raymond James initiated coverage with a Strong Buy rating and a $10 price target.
StockStory Picks Upstart as Top Stock Under $50, Flags Wix and CoStar as Sells
StockStory highlights Upstart as a stock under $50 with strong potential, while recommending investors avoid Wix and CoStar. Upstart, trading at $35.60, saw loan originations grow 56.6% over the last year and is projected to achieve positive free cash flow next year. Wix, at $48.87, faces weak billings growth of 13.8% and a declining operating margin. CoStar, at $29.46, has experienced shrinking free cash flow margins and declining earnings per share despite revenue growth.
CoStar Shares Jump 5.4% on Wikicasa Stake and Bullish Analyst Coverage
CoStar Group shares surged 5.4% after the company announced it will acquire a 30% stake in Wikicasa, an Italian real estate marketplace, as part of its international expansion strategy. Wikicasa is described as Italy's agent-backed real estate marketplace, with a shareholder base that includes the country's leading real estate agencies. Adding to the positive sentiment, analysts at Benchmark initiated coverage on CoStar with a Buy rating and a price target of $45.00, noting that despite a 50% decline in the stock year-to-date, it may have reached a bottom and could be positioned for a rebound. The shares later cooled to $29.65, up 4.7% from the previous close.
CoStar Group shareholders approve all proposals, Apartments.com launches AI rental search tool
CoStar Group held its Annual Meeting of Stockholders in June 2026, where investors approved all proposals, reaffirmed the board, and ratified Ernst & Young LLP as independent auditor for the 2026 fiscal year. Apartments.com, part of CoStar Group, launched Apartments.com Ai, an AI-powered conversational rental search tool built on proprietary multifamily data to create a more personalized renting experience. The launch ties into CoStar's push to deepen engagement and differentiation at its marketplaces, potentially reinforcing the thesis that AI-enhanced search can support pricing power and advertiser demand over time. How quickly renters and property managers adopt this tool, and whether it helps justify CoStar's higher sales and marketing spend, will be important to watch against the current catalyst and risk backdrop.
CoStar Group Stockholders Overwhelmingly Reelect Director Nominees and Support Say-on-Pay
CoStar Group announced that stockholders overwhelmingly reelected all eight director nominees and approved the advisory say-on-pay proposal at its Annual Meeting on June 23, 2026. The director nominees received support ranging from 93.92% to 99.50% of votes cast, with Christine McCarthy at 99.50% and Andrew Florance at 99.46%. The say-on-pay proposal passed with 71.38% approval, following a redesigned 2026 executive compensation program featuring more rigorous goals and enhanced transparency. CEO Andy Florance stated the strong support reflects confidence in the company's strategy to deliver revenue growth and prioritize EBITDA margin expansion.
Apartments.com reports US apartment rents rose 0.1% in June to $1,742
U.S. apartment rents increased modestly in June, with the national average rising to $1,742, a 0.1% increase from May's upwardly revised level of $1,740, according to a report from Apartments.com. This marks the seventh consecutive month of positive rent growth following a period of flat to declining monthly performance in the second half of 2025. On an annual basis, rent growth was flat at 0.8% in June 2026, in line with May's year-over-year reading and down from 1.2% one year earlier. While rent growth was broad-based across all five regions, the Pacific region led on a monthly basis with a 0.2% increase, and the Midwest recorded the strongest year-over-year growth at 2.0%. At the metro level, San Francisco continued to outperform with annual rent growth of 9.2%, while markets with the largest supply additions remained under pressure, led by San Antonio with a 3.4% annual decline.
Arthur J. Gallagher Touted as Top Services Stock While Baldwin Insurance and CoStar Flagged as Risky
StockStory identifies Arthur J. Gallagher as a business services stock poised to beat the market, while naming Baldwin Insurance Group and CoStar Group as risky. Arthur J. Gallagher, with a market cap of $56.76 billion, posted annual revenue growth of 19.1% over the last two years and earnings per share compounding at 18.5% annually over five years, and trades at 15.3 times forward price-to-earnings. Baldwin Insurance Group, valued at $1.80 billion, saw its free cash flow margin shrink by 5.1 percentage points over five years and carries a 6 times net-debt-to-EBITDA ratio, with shares at $24.19 implying a 10.7 times forward P/E. CoStar Group, at a $13.33 billion market cap, experienced a 1.6% annual decline in earnings per share over five years and a 17.4 percentage point drop in free cash flow margin, trading at $30.65 per share or 20 times forward P/E.
Austin and San Jose Lead Apartments.com and CoStar’s U.S. Multifamily Momentum Index
Austin and San Jose top the latest U.S. multifamily market momentum index from Apartments.com and CoStar, which ranks metros by year-over-year improvement in rent growth, vacancy, supply-demand balance, and construction pipeline changes. Austin’s rent declines have slowed, vacancy is trending lower, and a sharp pullback in construction is helping demand close the gap with supply. San Jose ranks second, reflecting a localized demand rebound and improved rent growth and vacancy, while construction pipeline increases remain modest. Jacksonville ranks third, with vacancy dropping roughly 170 basis points over the past year even as rent remains slightly negative. The index highlights where conditions are gaining ground most quickly, with recovery uneven since the second quarter of 2025 and four of the top 10 markets still reporting annual rent declines.