CoStar Group (NASDAQ:CSGP) Updates Q2 2026 Earnings Guidance

CoStar Group (NASDAQ:CSGP) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.270-0.300 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of $922.0 million-$932.0 million, compared to the consensus revenue estimate of $930.0 million. CoStar Group also updated its FY 2026 guidance to 1.320-1.390 EPS.

CoStar Group Stock Up 0.4%

Shares of NASDAQ CSGP traded up $0.13 on Thursday, reaching $34.27. 2,829,723 shares of the company’s stock traded hands, compared to its average volume of 6,804,159. The business’s 50 day simple moving average is $42.07 and its two-hundred day simple moving average is $57.20. CoStar Group has a 12 month low of $33.31 and a 12 month high of $97.43. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 3,430.83, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $897.69 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts forecast that CoStar Group will post 0.96 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a share buyback program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citizens Jmp reduced their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday. BMO Capital Markets reduced their price objective on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Needham & Company LLC decreased their target price on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Citigroup lowered their target price on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.12.

Insiders Place Their Bets

In other news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q1 results beat expectations: CoStar reported $0.23 adjusted EPS (vs. $0.18 consensus), revenue of $897M (+23% Y/Y) and stronger bookings — providing a fundamental underpinning for the stock. Earnings Highlights
• Positive Sentiment: Management raised 2026 adjusted EBITDA guidance to $780M–$820M and set FY EPS guidance above consensus (1.32–1.39), which supports expectations for improving margins and non‑GAAP profitability. EBITDA Outlook
• Positive Sentiment: Operational momentum in residential marketplaces (Homes.com/Apartments.com) and modest rent growth reports point to demand tailwinds in core marketplace businesses. Deep Dive
• Neutral Sentiment: Company press releases on stable U.S. office vacancy and Apartments.com rent data are informational for real‑estate trends but are unlikely to move the stock materially on their own. Office Vacancy Forecast Rent Growth Report
• Negative Sentiment: Multiple analyst price‑target cuts and at least one “underweight” (Wells Fargo cut to $33) are creating downward pressure and investor uncertainty — cuts came despite mixed analyst views (some firms kept buy/overweight ratings). Analyst Actions
• Negative Sentiment: Investors remain concerned about near‑term profitability and continued investment in Homes.com (spending vs. path to profitability), which likely contributed to a post‑earnings pullback despite non‑GAAP improvement. Homes.com Spending Concerns

Institutional Trading of CoStar Group

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in CoStar Group by 18.7% in the fourth quarter. Invesco Ltd. now owns 5,387,056 shares of the technology company’s stock worth $362,226,000 after acquiring an additional 849,713 shares during the period. Corient Private Wealth LLC grew its position in shares of CoStar Group by 9.8% during the 4th quarter. Corient Private Wealth LLC now owns 123,418 shares of the technology company’s stock valued at $8,299,000 after acquiring an additional 11,057 shares during the period. Vident Advisory LLC increased its stake in shares of CoStar Group by 6.1% in the 4th quarter. Vident Advisory LLC now owns 14,104 shares of the technology company’s stock worth $948,000 after purchasing an additional 815 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in CoStar Group by 117.9% during the fourth quarter. First Citizens Bank & Trust Co. now owns 257,404 shares of the technology company’s stock valued at $17,308,000 after purchasing an additional 139,258 shares during the period. Finally, Wahed Invest LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $738,000. 96.60% of the stock is currently owned by institutional investors.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.