Latest news with #CoStarGroupInc
Bloomberg
09-05-2025
- Business
- Bloomberg
CoStar Agrees to Buy Real Estate Portal Domain for $1.92 Billion
CoStar Group Inc. has entered a binding deal to buy Domain Holdings Australia for A$4.43 per share, valuing the company at A$3 billion ($1.92 billion), Domain said in a statement. The price per share is 42% higher than Domain's stock price before the first approach was disclosed on Feb 21.
Yahoo
01-05-2025
- Business
- Yahoo
Why CoStar Group Inc (CSGP) Is Surging In 2025
We recently published a list of . In this article, we are going to take a look at where CoStar Group Inc (NASDAQ:CSGP) stands against other real estate stocks that are surging in 2025. For years, real estate stocks have been a source of anxiety for investors due to the scars of the Great Recession. That crisis has led to lingering skepticism, and many see real estate as a no-go zone today due to GDP growth turning negative quarter-over-quarter and expectations of a recession. Investors fear that a recession could drag these stocks down once more. However, these companies have learned from the Great Recession, and some of them have delivered stellar gains so far. It is a good idea to keep an eye on the winners, as they could outperform during market downturns. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified in another article For this article, I screened the best-performing real estate stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An elegant residential building set against the modern skyline. Number of Hedge Fund Holders In Q4 2024: 56 CoStar Group Inc (NASDAQ:CSGP) is the leading provider of commercial real estate information, analytics, and online marketplaces, including platforms like and serving clients globally. The stock is up significantly so far in 2025 due to better-than-expected first quarter results announced on April 29, which showed 12% year-over-year revenue growth to $732 million and a 429% increase in adjusted EBITDA, alongside record new bookings for its core CoStar and LoopNet platforms and rapid expansion of its salesforce. The company also completed the acquisition of Matterport for $1.6 billion in February, which expanded its technology and product offerings and is expected to further accelerate revenue growth. Additionally, CoStar announced a nonbinding offer to acquire a significant stake in Australia's Domain Group. The consensus price target of $88.38 implies 8.87% upside. CSGP stock is up 15.52% year-to-date. Overall, CSGP ranks 14th on our list of real estate stocks that are surging in 2025. While we acknowledge the potential of CSGP, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CSGP but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Journals
30-04-2025
- Business
- Business Journals
Richmond-based Homes.com now country's second-largest residential real estate portal
CoStar Group Inc. CEO Andy Florance said Tuesday on the company's first-quarter earnings call that its Richmond-based unit has grown to become the second-largest residential real estate sales portal in the U.S. Florance said recorded 104 million monthly unique visitors in the quarter. He credited a successful media campaign for increasing awareness, including ads with celebrities Dan Levy, Heidi Gardner, Morgan Freeman, Lil Wayne and Jeff Goldblum that aired during major sports and awards broadcasts. Florance had previously estimated the campaign cost more than $1 billion.
Washington Post
29-04-2025
- Business
- Washington Post
CoStar: Q1 Earnings Snapshot
ARLINGTON, Va. — ARLINGTON, Va. — CoStar Group Inc. (CSGP) on Tuesday reported a loss of $14.8 million in its first quarter. On a per-share basis, the Arlington, Virginia-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and amortization costs, came to 14 cents per share.
Bloomberg
27-03-2025
- Business
- Bloomberg
CoStar Raises Domain Bid to $1.8 Billion to Get Foot in Door
CoStar Group Inc. sweetened its offer for Domain Holdings Australia Ltd. by 5.5% to A$2.8 billion ($1.8 billion), a big enough bump to persuade the Australian property portal to open up its books. The US real estate analytics firm offered A$4.43 in cash for the rest of the company, Domain said in a statement on Thursday. That's up from the original bid of A$4.20 per share last month. CoStar already owns almost 17% of Domain.
