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.

RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has announced that it has subleased an additional 51,000-square-foot riverfront office space as part of the company's continued growth and expansion in the city. The new space is expected to support more than 200 staff as CoStar Group expands its operations in Richmond. CoStar Group employees will occupy the ninth, tenth and eleventh f

CoStar Group to Expand Employee Population and Footprint in Richmond, Virginia

CoStar (CSGP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in CoStar (CSGP): Can Its 5.3% Jump Turn into More Strength?

WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group, Inc. (NASDAQ: CSGP) announced that it has withdrawn its bid to acquire CoreLogic and terminate any further acquisition discussions. CoStar Group believes rising interest rates will negatively impact the outlook for the mortgage refinancing market. Accordingly, these rising interest rates have caused valuations for residential property technology companies to decline significantly in recent weeks, which has changed CoStar's view of the value of C

CoStar Group Withdraws Bid to Acquire CoreLogic

ATLANTA, March 4, 2021 /PRNewswire/ -- RentPath announced today that a settlement agreement has been reached with CoStar Group, Inc. (NASDAQ: CSGP) ("CoStar"), fully resolving the litigation in the United States Bankruptcy Court of the District of Delaware ("the Court") regarding CoStar's...

RentPath Announces Settlement of Break-Up Fee Litigation

CoreLogic

IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today sent a letter to CoStar Group (NYSE: CSGP) in response to its revised acquisition proposal dated March 1, 2021. The text of the letter follows: March 4, 2021 Andrew C. Florance CEO & President CoStar Group, Inc. 1331 L Street, NW Washington, DC 20005 Dear Mr. Florance: The Board of Directors of CoreLogic, Inc. (“CoreLogic” or the “C

CoreLogic Responds to CoStar Regarding its Revised Acquisition Proposal

CoStar Group Inc. said Monday it has delivered a letter to the board of real estate data provider CoreLogic revising the terms of its offer to acquire the company to make it a $17 a share improvement on the terms being offered by Stone Point and Insight, which had already bid for the company. Under the new terms, CoStar will offer CoreLogic shareholders $6 a share in cash, plus 0.1019 shares of CoStar for each share owned, equal to a value of about $90 a share, based on CoStar's closing share price on February 26, 2021 and approximately $97 per share based on the latest 30-day volume-weighted average CoStar share price.

CoStar raises bid for CoreLogic to compete with Stone Point/Insight offer

WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a revised proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the new proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $90 p

CoStar Group Submits Revised Proposal to Acquire CoreLogic with Increased Value and Improved Certainty of Closing

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CoStar's (CSGP) Q4 results benefit from solid top-line growth driven by robust traffic on Apartments.com and LoopNet driven by increased online real estate buying due to the pandemic.

CoStar Group (CSGP) Q4 Earnings & Revenues Top Estimates

CoStar Group's (CSGP) CEO Andy Florance on Q4 2020 Results - Earnings Call Transcript

Shares of CoStar Gr (NASDAQ:CSGP) decreased 1.1% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 1.06% year over year to $2.85, which beat the estimate of $2.41.

CoStar Gr: Q4 Earnings Insights

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 year ended December 31, 2020, was $1.66 billion, an increase of 19% over revenue of $1.4 billion for the full year of 2019. Revenue for the fourth quarter ended December 31, 2020, was $444 million, an increase of 19% over revenue of $375 million for the fourth quarter of 2019. Net income for the year e

CoStar Group Full Year and Fourth Quarter 2020 Revenues Increased 19% Year-over-Year

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WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced CMBS loan and property data is now integrated with CoStar's market-leading commercial real estate (CRE) information platform. CMBS information, now searchable and located within CoStar's detailed building records, includes regularly reported financials on loan performance and detailed property operating statements. “CoStar remains dedicated t

CoStar Group Announces Commercial Mortgage-Backed Securities (CMBS) Data Integration

CoStar Group Inc (NASDAQ: CSGP)  sent an unsolicited proposal to acquire CoreLogic Inc (NYSE: CLGX) in an all-stock transaction worth $6.9 billion. Under the proposal, CoreLogic would receive 0.1019 shares of CoStar Group in exchange for each share of CoreLogic, translating into a purchase price of $95.76 per share.

CoStar Proposes To Acquire CoreLogic For $6.9B, Beating Stone Point Capital's $80/Share Bid

IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today confirmed that it has received an unsolicited acquisition proposal from CoStar Group for an all-stock transaction. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock. On February 4, CoreLogic's Board of Directors unanimousl

CoreLogic Confirms Receipt of Unsolicited Acquisition Proposal from CoStar Group

Shares of CoreLogic Inc. rallied 6.1% into record territory in premarket trading Tuesday, after CoStar Group Inc. proposed an unsolicited all-stock buyout bid for the real estate data provider that was valued 20% above the $80-per-share buyout bid CoreLogic already agreed to with Stone Point Capital and Insight Partners on Feb. 4. Under terms of CoStar's bid, each CoreLogic shareholder would receive 0.1019 CoStar shares for each CoreLogic share they own, which based on Friday's closing prices would value CoreLogic stock at $95.76, or a 16.8% premium.

CoreLogic's stock rallies after CoStar makes unsolicited competing buyout bid

WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a superior proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Gro

CoStar Group Makes Superior Proposal to Acquire CoreLogic for $95.76 Per Share

CoStar enjoys high-quality recurring revenues that hit new highs on a quarterly basis. Management remains hungry for acquisitions, while the company's cash-cow business model can easily afford future buyouts.

CoStar Group Remains A Buy - Quality Shouldn't Be Cheap

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

Taubman Centers

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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

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