Costar Group Inc

Quantli Newsdesk

· 5 hours ago

Allstate hired Christian Lown as CFO, effective August 3, replacing Jess Merten who moved to president of property-liability. Lown leaves CoStar Group after less than a year as finance chief. CoStar promoted Robin Rossmann, managing director of Europe, to replace him.

Quantli Newsdesk

· 14 days ago

CoStar Group shares traded lower following data showing U.S. retail asking rent growth slowed to 1.6% year-over-year in Q2 2026, the slowest pace in over a decade. The deceleration reflects normalizing market conditions rather than weakening demand, as elevated interest rates and tenant cost pressures limit landlords' pricing power.

Quantli Newsdesk

· 2 months ago

CoStar Group agreed to buy Zonda, a leading new home construction data and software provider, for $800 million in cash. The deal gives CoStar access to proprietary lot-level data and builder software serving over 3,000 customers, marking its most direct entry into the nearly $1 trillion U.S. new residential construction market.

Quantli Newsdesk

· 3 months ago

CoStar Group reported mixed signals from its UK hospitality data business in Q1 2026, with travel spending declining for the first time in five years. While the company posted 23% revenue growth overall and strong momentum in its Homes.com residential platform, weaker international travel demand and market uncertainty around its UK operations contributed to investor caution.

10-K

Quantli Newsdesk

· 3 months ago

CoStar Group delivered 19% revenue growth to $3.2 billion in 2025, driven by the Matterport and Domain acquisitions and strength across both commercial and residential segments. However, net income plunged 95% to $7 million as integration costs, higher amortization, and increased marketing investments weighed heavily on profitability.