CoStar Group, Inc. (CSGP)

CoStar Group's stock price has experienced a significant decline, falling over 50% in the past year. Third Point divested its entire stake in CoStar Group on April 11, 2026, citing a lack of confidence in the company's current management and strategic direction. In January 2026, CoStar Group announced a new $1.5 billion share repurchase program and implemented a new executive compensation program. The company also provided a positive outlook for 2026, forecasting significant Adjusted EBITDA expansion and revenue growth. Recent news in April 2026 also highlighted strong U.S. office leasing, a pullback in U.S. retail construction, and moderated industrial asking rent growth.

CoStar Group's business exhibits some cyclicality influenced by the broader real estate market. Its information and analytics segment is considered more procyclical, while its online marketplace segment is somewhat countercyclical. Demand for CoStar's products and services can be influenced by prevailing conditions in specific real estate submarkets.

CoStar Group, Inc. is an American technology company providing information, analytics, and online marketplace services to the commercial and residential property industries, operating primarily within the Real Estate sector. Its business model is largely subscription-based, with over 95% of its revenue derived from subscriptions and a 90% renewal rate for contracts of twelve months or longer. Its major products and brands encompass a wide range of real estate needs, including CoStar Suite, LoopNet, Apartments.com, Homes.com, Matterport, STR, Ten-X, BizBuySell, Land.com, and OnTheMarket.

CoStar Group has a significant international presence, serving clients across North America, Europe, and Australia. Specifically, the company operates in countries including the United States, Canada, France, Germany, Spain, and the United Kingdom.

CoStar Group has received positive recognition for its corporate governance, being ranked No. 1 on the Washington Business Journal's list of public companies with the highest representation of women on their boards of directors in April 2026. However, the company's reputation has also faced challenges due to Third Point's public criticism of CEO Andy Florance's management decisions and its subsequent divestment of its entire stake in April 2026.

CoStar Group, Inc. has a substantial institutional ownership base. As of April 9, 2026, 858 institutional owners and shareholders held a total of 405,391,531 shares. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Bamco Inc /ny/, State Street Corp, Principal Financial Group Inc, Baillie Gifford & Co, Geode Capital Management, Llc, Capital International Investors, Akre Capital Management Llc, and Janus Henderson Group Plc.