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CoStar Group ( (CSGP) ) has provided an announcement.
In 2024, CoStar Group reported an 11% increase in annual revenue, reaching $2.74 billion compared to 2023, with fourth-quarter revenue also increasing by 11% year-over-year. The company achieved a significant milestone with its 55th consecutive quarter of double-digit revenue growth. Homes.com emerged as the second-largest residential real estate marketplace in the U.S., reaching 110 million average monthly unique visitors in the fourth quarter of 2024, nearly doubling Realtor.com’s audience. Additionally, CoStar’s Board approved a stock repurchase program authorizing up to $500 million in share buybacks, reflecting confidence in the company’s ongoing growth and market position.
More about CoStar Group
CoStar Group, Inc. is a leading provider of online real estate marketplaces, information, and analytics focusing on the property markets. Its key products include Apartments.com and Homes.com, which serve both commercial and residential real estate sectors. The company is known for its extensive data analytics capabilities and has positioned itself as an influential player in the United States real estate marketplace industry.
YTD Price Performance: 4.56%
Average Trading Volume: 2,468,671
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.36B
Learn more about CSGP stock on TipRanks’ Stock Analysis page.
