Professional
Added to YB: 2025-05-08
Pitch date: 2025-04-30
CSGP [neutral]
CoStar Group, Inc.
-8.7%
current return
Author Info
No bio for this author
Company Info
CoStar Group, Inc. provides information, analytics, and online marketplace services in the United States, Canada, Europe, the Asia Pacific, and Latin America.
Market Cap
$28.3B
Pitch Price
$74.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
139.06
P/E
1.4K
EV/Sales
9.00
Sector
Real Estate Management and Development
Category
growth
Third Point Portfolio Holding: CoStar Group, Inc.
CSGP (holding update): Core biz - 'Bloomberg of CRE' compounding 20% EBITDA CAGR for 10yrs with dominant mkt share. But $1B/yr (~$3B total) investment in Homes.com vs Zillow reducing EBITDA by 80%. Stock flat 5yrs after 25% historical IRR. Third Point secured 3 new directors & capital allocation committee. Core + improved Homes.com could grow EBITDA 7x.
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