Costar Group Inc Stock Price, News & Analysis

CoStar Group (NASDAQ: CSGP) has announced plans to hire 1,000 additional employees in 2025, primarily in Richmond, Virginia, to support the growth of Homes.com. The expansion includes approximately 500 new Homes.com sales professionals, 100 market analysts, and 100 analysts for lease management platforms.

The company's Homes.com network has become one of the two most trafficked real estate websites in the U.S., attracting 110 million unique monthly visitors in Q4 2024. CoStar Group will complete its new one million square foot Richmond global operations headquarters in spring 2026, designed to accommodate 3,500 employees.

The company expects to welcome nearly 500 additional employees through its planned Matterport acquisition, furthering its commitment to AI and digital twin technologies. While implementing AI-driven efficiencies, some roles will be eliminated in 2025, though this strategic growth is not expected to impact the company's 2025 financial guidance.

Homes.com, a CoStar Group company, has released a new report analyzing the Washington-area housing market following recent federal workforce changes. The study reveals that despite approximately 75,000 federal employees accepting buyouts and additional layoffs, neither D.C. nor surrounding areas in Maryland and Virginia have experienced significant changes in active listings, sold properties, or median sales prices.

The report indicates a slight increase in listings and asking prices, though this trend preceded the administrative changes. A notable development in the DMV housing market is the surge in ultraluxury listings, with 13 houses priced at $7 million or higher listed in the past month. The Homes.com Network reached 110 million average monthly unique visitors in Q4 2024, with brand awareness increasing from 4% to 33% following CoStar Group's major marketing campaign in February 2024.

CoStar Group (NASDAQ: CSGP) reported strong financial results for 2024, with revenue reaching $2.74 billion, up 11% from 2023. The company's Q4 2024 revenue was $709 million, marking its 55th consecutive quarter of double-digit growth.

Key highlights include Apartments.com achieving $1.07 billion in revenue (+17% YoY) and CoStar's flagship offering generating $1.02 billion (+10% YoY). The Homes.com Network has become the second-largest residential real estate marketplace in the U.S., reaching 110 million average monthly unique visitors in Q4.

The Board approved a $500 million stock repurchase program with no time limit. For 2025, the company projects revenue between $2.985-$3.015 billion, representing approximately 10% growth, with adjusted EBITDA expected between $375-$405 million.

CoStar Group (NASDAQ: CSGP) has acquired agricultural data company Ag-Analytics, enhancing its Land.com platform with agricultural land sector capabilities. The acquisition integrates Ag-Analytics' AcreValue platform, which provides valuations on 2.8 million land parcels and serves 1.5 million registered users across 48 contiguous states.

The integration will enhance Land.com's offerings with comprehensive data including geographical information, soil composition, elevations, and historical data. Ag-Analytics maintains a strategic alliance with Farmer Mac in the agricultural credit market, where farm sector real estate debt totals $355 billion. The acquisition targets the farm sector real estate market, representing a $3.4 trillion asset class, aiming to maximize revenue and provide increased value for clients.

CoStar Group (NASDAQ: CSGP) has been recognized on Forbes' 2025 America's Best Large Employers list, highlighting its commitment to employee growth and market leadership. The company demonstrated strong workforce metrics in 2024, including hiring 1,570 new employees (9.6% YoY increase) and maintaining a 99% monthly retention rate. Employee median tenure stands at 4.4 years, exceeding the national private sector average of 3.5 years.

The company reported impressive financial performance with $693 million in revenue for Q3 2024, representing an 11% year-over-year increase. This growth was driven by strong performance from Apartments.com and CoStar platforms. Additionally, Homes.com, backed by a $1 billion marketing campaign, has emerged as one of the top two residential marketplaces in the U.S.

Founded in 1986, CoStar Group now employs over 6,600 people across 14 countries. The company is included in both the S&P 500 Index and NASDAQ 100, and its websites attracted over 163 million average monthly unique visitors in Q3 2024.

Homes.com, a CoStar Group residential marketplace, announces its return to the Super Bowl with two 30-second commercials featuring Dan Levy, Heidi Gardner, and Morgan Freeman. The ads playfully hint at Homes.com being 'the best' home-shopping site while navigating legal restrictions on making such claims.

The company reports significant growth, with the Homes.com Network attracting 114 million unique visitors in January and averaging 110 million monthly unique visitors in the last fiscal quarter - nearly double Realtor.com's 62 million. Brand awareness has increased dramatically from 4% to 33%.

Homes.com differentiates itself as the first major U.S. real estate portal prioritizing homeowners and their agents, with members reportedly winning 58% more listings. Unlike competitors, Homes.com doesn't redirect leads from MLS listings to unrelated agents. The company plans to maintain its marketing presence across various media channels post-Super Bowl.

CoStar Group (NASDAQ: CSGP) announced a new client partnership with RX London, a boutique consultancy specializing in central London's real estate market. The partnership will provide RX London access to CoStar's commercial real estate data and analytics platform to enhance their business development, client advisory, and decision-making capabilities.

RX London, known for its independent consulting approach and expertise in capital markets, leasing, development, and lease advisory services, will utilize CoStar's suite of products to strengthen their data-driven methodology. The collaboration reinforces CoStar's position as a global leader in commercial real estate information and analytics, particularly in the UK market.

CoStar Group CEO Andy Florance has been named a 2025 RISMedia Real Estate Newsmaker, recognizing his transformative contributions to the real estate industry. The recognition primarily stems from his leadership in developing Homes.com, which saw remarkable growth following a $1 billion marketing campaign launched in February 2024.

Under Florance's direction, Homes.com achieved significant milestones, including 130 million average monthly unique visitors by Q3 2024, with unaided awareness increasing from 4% to 33%. The company also announced plans to acquire Matterport, aiming to integrate its 3D capture technology into CoStar's products.

CoStar Group continues to expand its portfolio of real estate marketplaces and analytics platforms, including Apartments.com, LoopNet, STR, and various international property portals. The company's websites collectively attracted over 163 million average monthly unique visitors in the third quarter of 2024.

CoStar Group (NASDAQ: CSGP) has been named one of HousingWire's 2025 Tech100 Real Estate honorees, recognizing the most innovative and impactful tech companies in the real estate industry. The company reported strong performance with $693 million in Q3 2024 revenue, representing an 11% year-over-year increase, driven by growth from Apartments.com and CoStar platforms.

Founded in 1986, CoStar Group has expanded to over 6,400 employees across 14 countries. The company's Homes.com platform has achieved significant growth through a $1 billion marketing campaign, becoming one of the top two residential marketplaces in the U.S. CoStar Group is included in both the S&P 500 Index and NASDAQ 100, highlighting its market prominence.

The company operates multiple leading platforms including Apartments.com, LoopNet, STR, Ten-X, and various international property portals, attracting over 163 million average monthly unique visitors in Q3 2024.