Added to YB: 2026-08-03
Pitch date: 2026-07-31
CSGP [bullish]
CoStar Group, Inc.
Author Info
No bio for this author
Company Info
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.
Market Cap
$11.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
26.44
P/E
162.36
EV/Sales
3.25
Sector
Real Estate Management and Development
Category
value
CoStar Group, $CSGP Second Quarter 2026 Earnings Update
CSGP (added to position): Q2'26 rev +18% to $925M, opex +2%, adj EBITDA $184M (20% margin, ~2x YoY); Residential first-ever positive EBITDA. Shares -12% on 26% bookings drop (only -8.7% trailing-2Q; tough comp). FY rev cut 1.7% to $3.735B, EBITDA/EPS affirmed. Renewals 93%/99%, Homes.com churn down 2/3. Commercial growth guided to 6-7%. Bought $505M ASR ~$44 vs stock now $28.45. Largest position; downside floored by asset value, upside narrower than underwritten.
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