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Costar Group, Inc. - CSGP STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Costar Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Costar Group's position in the market.

News
CoStar Group Named Among Richmond Times-Dispatch’s Top Workplaces in 2024
Rhea-AI Summary
CoStar Group has been named a 2024 Top Workplace in Richmond by the Richmond Times-Dispatch based on employee surveys. This recognition reflects the company's focus on building strong teams and providing a positive work environment. CoStar Group prioritizes employee investment, with high retention rates and extensive training programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Mohr Logistics Park Named 2024 "Commercial Development of the Year" CoStar Impact Award Winner
Rhea-AI Summary
Mohr Logistics Park (MLP) wins the 2024 'Commercial Development of the Year' CoStar Impact Award in the Indianapolis market. The park, spanning 475 acres in Whiteland, IN, showcases innovation and sustainability with high-quality industrial tenants like Cooper Tire, NFI Industries, and DHL. Despite a devastating tornado in 2023, MLP's resilience and community collaboration led to the successful rebuild of a million-square-foot warehouse in just seven months, earning praise and recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
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Apartments.com Publishes Multifamily Rent Report for First Quarter of 2024
Rhea-AI Summary
Apartments.com, a CoStar Group online marketplace, released a report on U.S. multifamily rent trends for Q1 2024. Demand rebounded strongly with 104,400 units absorbed, but 140,000 new units led to a 7.8% vacancy rate. Annual rent growth was 0.7%, with Midwest and Northeast markets outperforming. Luxury market rent growth was negative at -0.3%, while mid-priced 3-Star properties saw positive growth at 1.3%. The multifamily market is expected to add 495,000 units in 2024, a 20% decrease from 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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none
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CoStar Group to Report Financial Results for First Quarter on April 23, 2024
Rhea-AI Summary
CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for Q1 2024 on April 23, 2024, followed by a conference call discussing the results and outlook. Investors can access a live audio webcast and replay on the CoStar Group website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
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conferences earnings
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News
CoStar Group Announces Winners of 2024 CoStar Impact Awards
Rhea-AI Summary
CoStar Group (NASDAQ: CSGP) announces the winners of the 2024 CoStar Impact Awards, celebrating outstanding commercial real estate projects and transactions across the UK, US, and Canada. The awards recognized 35 UK winners across three categories, highlighting projects that positively influence markets. Notable winners include Fenwick and Henderson Park for significant acquisitions and developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.32%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
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News
CoStar Group Acquires 1201 Wilson Boulevard, a LEED Platinum Office Building in Arlington, Virginia
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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acquisition
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Homes.com Ranked Among Top 50 U.S. Domains In Organic Visibility Improvement in 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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CoStar Group to Report Financial Results for Fourth Quarter and Full Year 2023 on February 20, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
conferences earnings
Stock CSGP logo
Costar Group, Inc.

Nasdaq:CSGP

CSGP Rankings

#345 Ranked by Market Cap
#3010 Ranked by Stock Gains
N/A Ranked by Dividends

CSGP Stock Data

36.90B
403.06M
1.19%
100.78%
2.13%
All Other Support Services
Administrative and Support and Waste Management and Remediation Services
Link
United States
Washington

About CSGP

costar group, inc. (nasdaq: csgp) is the leading provider of commercial real estate information, analytics and online marketplaces. founded in 1987, costar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. loopnet is the most heavily trafficked commercial real estate marketplace online with more than 9.8 million registered members. apartments.com, apartmentfinder.com and apartmenthomeliving.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. costar group operates websites with over 23.6 million unique monthly visitors in aggregate as of june 2015. headquartered in washington, dc, costar maintains off