CoStar Group (NASDAQ:CSGP) Updates Q3 2026 Earnings Guidance

CoStar Group (NASDAQ:CSGP) updated its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.310-0.340 for the period, compared to the consensus estimate of 0.360. The company issued revenue guidance of $935.0 million-$945.0 million, compared to the consensus revenue estimate of $970.1 million. CoStar Group also updated its FY 2026 guidance to 1.320-1.390 EPS.

CoStar Group Trading Down 4.6%

CoStar Group stock traded down $1.39 during trading hours on Thursday, reaching $28.45. The stock had a trading volume of 2,757,776 shares, compared to its average volume of 7,257,805. The company has a fifty day simple moving average of $30.74 and a 200-day simple moving average of $40.42. CoStar Group has a 52 week low of $25.89 and a 52 week high of $97.43. The stock has a market cap of $11.62 billion, a PE ratio of 149.87, a PEG ratio of 0.78 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.70%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts forecast that CoStar Group will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSGP. William Blair lowered CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Bank of America dropped their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Benchmark started coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $41.00 to $29.00 in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CoStar Group has an average rating of “Hold” and an average price target of $41.61.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.18% of the company’s stock.

More CoStar Group News

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

• Positive Sentiment: CoStar reported second-quarter adjusted EPS of $0.32, above the approximately $0.28–$0.29 analyst consensus, while revenue increased 18.4% year over year to $925 million. Net income rose sharply, adjusted EBITDA more than doubled, and residential EBITDA turned positive, supporting the company’s profitability-improvement story. CoStar Group Q2 Earnings Beat Estimates, Revenues Increase Year over Year
• Positive Sentiment: Full-year 2026 EPS guidance of $1.32–$1.39 is above the $1.29 consensus, and net new bookings rose 3% sequentially to $69 million. These figures provide some support for the bullish case despite near-term guidance concerns. CoStar Group Q2 2026 Results
• Neutral Sentiment: Apartments.com reported that U.S. apartment rents were essentially flat in July, rising just 0.03% to $1,747. The eighth consecutive monthly increase is modestly constructive, but limited rent growth could constrain momentum in CoStar’s multifamily marketplace. Apartments.com Multifamily Rent Growth Report for July 2026
• Negative Sentiment: Third-quarter EPS guidance of $0.31–$0.34 and revenue guidance of $935–$945 million fell below consensus estimates of $0.36 and $970.1 million, respectively. The weaker near-term outlook appears to be the primary reason investors are discounting the earnings beat.
• Negative Sentiment: Several firms reduced their targets: JPMorgan cut its target to $52 while retaining Overweight, BTIG lowered its target to $42 with a Buy rating, and Needham reduced its target to $40 with a Buy rating. More cautious actions came from Citizens JMP, which cut its target to $35, and Keefe, Bruyette & Woods, which downgraded the stock to Market Perform with a $29 target. William Blair also moved to Market Perform. Analyst Ratings and Price Targets

Hedge Funds Weigh In On CoStar Group

Institutional investors and hedge funds have recently modified their holdings of the company. DV Equities LLC purchased a new stake in CoStar Group during the fourth quarter valued at $40,000. Caitong International Asset Management Co. Ltd boosted its position in CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of CoStar Group during the 3rd quarter valued at about $48,000. Pin Oak Investment Advisors Inc. grew its stake in shares of CoStar Group by 117.0% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 1,033 shares of the technology company’s stock valued at $69,000 after purchasing an additional 557 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of CoStar Group by 144.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 865 shares of the technology company’s stock valued at $69,000 after purchasing an additional 511 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other 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.