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CoStar Group Inc - CSGP STOCK NEWS

Welcome to our dedicated page for CoStar Group news (Ticker: CSGP), a resource for investors and traders seeking the latest updates and insights on CoStar Group stock.

CoStar Group Inc. (NASDAQ: CSGP) is the premier provider of commercial real estate information, analytics, and online marketplaces. Established in 1987, CoStar has built and maintained the most comprehensive database of commercial real estate data through extensive and continuous research. This effort supplies clients with unparalleled insights into property values, market conditions, and current availabilities.

CoStar's diverse suite of online services includes CoStar Suite, which offers in-depth analytical information on over 5 million commercial real estate properties across various sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. Another prominent platform, LoopNet, is the most trafficked commercial real estate marketplace online, boasting over 9.8 million registered members.

The company also oversees leading apartment resource sites like Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com. These platforms serve renters seeking quality apartment homes and provide a robust marketing channel for property managers and owners. As of June 2015, CoStar's websites collectively attract more than 23.6 million unique monthly visitors.

Headquartered in Washington, DC, CoStar Group has significantly expanded its global footprint, including recent growth into markets in Canada, the United Kingdom, Spain, and France. With over 80% of its revenue derived from subscription-based services, CoStar continues to lead the industry through innovation and a commitment to providing actionable real estate intelligence.

News

Homes.com Residential Network Reaches All-Time High of 149 Million+ Unique Monthly Visitors in February 2024

Rhea-AI Summary
Homes.com, the #2 Homebuying Portal, experiences a remarkable 567% year-over-year traffic growth, reaching 149 million unique visitors in February. CoStar Group's investment of over $1 billion in Homes.com has led to explosive growth and a unique 'Your Listing, Your Lead' business model, connecting buyers directly to agents. The company's extensive marketing campaign and focus on neighborhood-specific content have contributed to its success.
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CoStar Group 2023 Revenue Increased 13%, Apartments.com Crosses $1 Billion in Annualized Run Rate Revenue in January 2024, and Homes.com Crosses $1 Million in Annualized Daily Net New Sales Bookings in February 2024

Rhea-AI Summary
CoStar Group, Inc. (NASDAQ: CSGP) reported strong financial results for the year ended December 31, 2023, with revenue reaching $2.46 billion, a 13% increase from the previous year. The company's net income also saw growth, totaling $375 million for the year. CoStar Group's commercial information and marketplace businesses performed well, achieving a 14% revenue growth in 2023. The launch of Homes.com was successful, with significant net new bookings and positive reception from residential real estate agents. The Company's outlook for 2024 is optimistic, with revenue expected to range from $2.75 billion to $2.77 billion, representing a 12% to 13% year-over-year growth.
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CoStar Group Acquires 1201 Wilson Boulevard, a LEED Platinum Office Building in Arlington, Virginia

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CoStar Group (NASDAQ: CSGP) acquires 552,000 square foot office building in Arlington, Virginia, relocating Washington, D.C. employees. Company plans to capitalize on tax incentives and market conditions. The move signifies growth and expansion for CoStar Group.
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Homes.com Ranked Among Top 50 U.S. Domains In Organic Visibility Improvement in 2023

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Homes.com, a brand of CoStar Group (NASDAQ: CSGP), has earned the 43rd spot in SISTRIX’s IndexWatch 2023 for organic visibility improvement, reflecting the significant growth and awareness experienced throughout 2023. CoStar Group's network of U.S. real estate portals experienced 160 million unique visitors, making Homes.com the second most-trafficked real estate portal in the country. CoStar Group is included in the S&P 500 Index and the NASDAQ 100, showcasing significant growth and expansion.
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CoStar Group to Report Financial Results for Fourth Quarter and Full Year 2023 on February 20, 2024

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CoStar Group, Inc. (CSGP) will announce financial results for the fourth quarter and full year 2023 on February 20, 2024. The company, a leading provider of online real estate marketplaces, will conduct a conference call to discuss the results and outlook.
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CoStar Group Founder and CEO Andy Florance Named Inman 2024 Power Player

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Andy Florance, Founder and CEO of CoStar Group, was honored as one of Inman’s 2024 Power Players, recognizing real estate's most powerful and influential leaders. CoStar Group's growth and investment in residential real estate portals, Homes.com and Apartments.com, led to this recognition. The company's platforms are reorienting the residential market, with over 160 million unique visitors. CoStar Group, part of the S&P 500 Index and NASDAQ 100, is committed to providing powerful real estate portals to serve the industry.
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CoStar Group Founder and CEO Andy Florance Named as Top Ten on SP 200 Real Estate’s Most Powerful and Influential List

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The Swanepoel Power 200 has named Andy Florance, CEO of CoStar Group, one of the nation’s top 10 influential real estate leaders for 2023. CoStar's residential real estate portal, Homes.com, surpassed Realtor.com and Redfin to become the second most-trafficked real estate portal in the US. CoStar Group, founded in 1987, has over 5,600 employees in 14 countries and is included in the S&P 500 and NASDAQ 100 indexes.
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Apartments.com Publishes Multifamily Rent Report for Fourth Quarter of 2023

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Apartments.com – CoStar Group (CSTG) Releases Q4 2023 Multifamily Rent Trends Report
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CoStar Group Completes Acquisition of OnTheMarket.com With Overwhelming 97% Shareholder Support

Rhea-AI Summary
CoStar Group, Inc. (NASDAQ: CSGP) has completed the acquisition of OnTheMarket plc, a leading UK residential property portal, for approximately £99 million. The acquisition was supported by over 94% of OnTheMarket shareholders, and CoStar Group plans to invest £46.5 million into sales and marketing to drive more consumers to the OnTheMarket portal.
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CoStar Group Partners With Feed More for Thanksgiving Giveaway and Food Drive

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CoStar Group (NASDAQ: CSGP) Gives Back to Richmond Community with 1,000 Turkeys and Food Boxes
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FAQ

What is the current stock price of CoStar Group (CSGP)?

The current stock price of CoStar Group (CSGP) is $71.44 as of December 20, 2024.

What is the market cap of CoStar Group (CSGP)?

The market cap of CoStar Group (CSGP) is approximately 28.6B.

What is CoStar Group Inc.?

CoStar Group Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces.

When was CoStar Group founded?

CoStar Group was founded in 1987.

What services does CoStar Group offer?

CoStar Group offers extensive real estate data, analytics, and online marketplaces through platforms like CoStar Suite, LoopNet, Apartments.com, and more.

How many registered members does LoopNet have?

LoopNet has over 9.8 million registered members.

Where is CoStar Group headquartered?

CoStar Group is headquartered in Washington, DC.

Which sectors does CoStar Suite cover?

CoStar Suite covers sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers.

What are some key online apartment resources managed by CoStar Group?

Key online apartment resources managed by CoStar Group include Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com.

What percentage of CoStar Group's revenue is subscription-based?

Over 80% of CoStar Group's revenue is subscription-based.

In which countries has CoStar Group recently expanded?

CoStar Group has recently expanded its presence in Canada, the United Kingdom, Spain, and France.

How many unique monthly visitors do CoStar's websites attract?

CoStar's websites attract over 23.6 million unique monthly visitors as of June 2015.

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CoStar Group Inc

Nasdaq:CSGP

CSGP Rankings

#413 Ranked by Market Cap
N/A Ranked by Dividends

CSGP Stock Data

28.63B
405.29M
1.14%
101.64%
2.7%
Real Estate Services
Services-business Services, Nec
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United States of America
WASHINGTON