Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1659.3%
Neutral933.3%
Bearish27.4%
CoStar Group, Inc. · CSGP · FY2025 Q2 · Calendar Q3 2025
CoStar growth accelerates, but execution and pricing remain key tests
The supplied analysis supports the view that CoStar's growth trajectory remains strong: revenue, EBITDA and bookings all outperformed, and management raised guidance. The counterweight is that sustaining this trajectory depends on converting expanded sales and marketing investment into durable bookings while executing international, Matterport and Domain initiatives.
Reported After market closeNASDAQReal Estate
$11.18B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.17
Consensus $0.14
EPS surprise
+23.4%
Reported versus consensus
Reported revenue
$781.3M
Consensus $772.2M
Revenue surprise
+1.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+6.9%
Event window
SPY move
+0.9%
Same window
Abnormal move
+6.0%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
-3.0%
Up to 20 sessions
CSGPSPY benchmark
Ask FN2 about CSGP FY2025 Q2
Transcript, numbers and history already loaded
Why did CSGP rise 6.9% after beating EPS estimates in FY2025 Q2?What changed in CSGP's guidance and outlook in FY2025 Q2?Give me the bull and bear case for CSGP after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis shows stronger operating momentum: record net new bookings, a raised full-year revenue outlook and higher adjusted EBITDA guidance. The strategic agenda also broadened through international launches, AI-powered search, Matterport expansion and the planned Domain acquisition.
Guidance delta
Raised: the supplied analysis says full-year revenue guidance moved to 15% growth, with a higher adjusted EBITDA outlook.
Key takeaways
- Q2 revenue reached a record $781 million, up 15% year over year, while adjusted EBITDA rose 108% to $85 million.
- Net new bookings reached a record $93 million, supported by expanded sales teams and higher marketing investment.
- Management highlighted international expansion, Matterport integration, AI-powered voice search and the pending Domain acquisition.
- The main debate is whether bookings momentum and pricing can remain durable as investment and competitive scrutiny increase.
Management priorities
- Expand sales capacity across Apartments.com, Homes.com and Matterport.
- Continue international expansion, including LoopNet launches and the Domain acquisition.
- Integrate Matterport technology across CoStar portals and develop new camera offerings.
- Invest in marketing, AI-powered voice search and the Homes.com home-construction offering.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$29.83Current
$26Low
$58.08Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Oct 6, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 24, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Jul 29, 2026 |
| William Blair | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 29, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jul 29, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 29, 2026 |
| Baird | Neutral | Outperform | Downgrade | Jul 14, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 25, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jun 24, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | May 19, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | May 4, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Apr 30, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Mar 12, 2025 |
| Jefferies | Hold | Hold | Maintain | Apr 12, 2024 |
| Truist Securities | Buy | Buy | Maintain | Oct 25, 2023 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 29, 2020 |
| B. Riley Securities | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley | Buy | Buy | Maintain | Oct 21, 2019 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Jul 10, 2019 |
| Bank of America | Buy | Buy | Maintain | Apr 24, 2019 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Aug 16, 2012 |
| Raymond James | Market Perform | Outperform | Downgrade | Jul 6, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $29.83. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| KeyBanc | Analyst unavailable | $33 | $32.7 | +10.6% | Aug 24, 2026 |
| BMO Capital | Jeffrey Silber | $33 | $32.26 | +10.6% | Aug 24, 2026 |
| BTIG | Analyst unavailable | $42 | $30.33 | +40.8% | Jul 29, 2026 |
| Goldman Sachs | George Tong | $40 | $30.33 | +34.1% | Jul 29, 2026 |
| Needham | Mayank Tandon | $40 | $30.33 | +34.1% | Jul 29, 2026 |
| Wolfe Research | Scott Wurtzel | $32 | $30.33 | +7.3% | Jul 29, 2026 |
| Robert W. Baird | Jeffrey Meuler | $34 | $28.77 | +14.0% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $34 | $28.39 | +14.0% | Jul 13, 2026 |
| Goldman Sachs | Analyst unavailable | $46 | $29.81 | +54.2% | Jun 25, 2026 |
| Wells Fargo | Analyst unavailable | $26 | $30.26 | -12.8% | Jun 24, 2026 |
| Stephens | Analyst unavailable | $42 | $34.72 | +40.8% | May 4, 2026 |
| Deutsche Bank | Analyst unavailable | $44 | $33.95 | +47.5% | Apr 30, 2026 |
| Needham | Mayank Tandon | $50 | $34.31 | +67.6% | Apr 29, 2026 |
| BTIG | Jake Fuller | $55 | $37.6 | +84.4% | Apr 15, 2026 |
| Stephens | Brett Huff | $50 | $37.68 | +67.6% | Apr 14, 2026 |
| BTIG | Analyst unavailable | $60 | $44.78 | +101.1% | Feb 26, 2026 |
| Robert W. Baird | Jeffrey Meuler | $73 | $43.53 | +144.7% | Feb 25, 2026 |
| Jefferies | Analyst unavailable | $67 | $49.07 | +124.6% | Feb 20, 2026 |
| Wells Fargo | Analyst unavailable | $48 | $51.73 | +60.9% | Feb 4, 2026 |
| BTIG | Jake Fuller | $80 | $65.81 | +168.2% | Jan 27, 2026 |
| BNP Paribas | Analyst unavailable | $64 | $61.82 | +114.5% | Jan 14, 2026 |
| Goldman Sachs | George Tong | $84 | $61.82 | +181.6% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $68 | $62.03 | +128.0% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $72 | $62.13 | +141.4% | Jan 8, 2026 |
| Wells Fargo | Jason Haas | $55 | $61.66 | +84.4% | Jan 8, 2026 |
| BMO Capital | Analyst unavailable | $72 | $61.66 | +141.4% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $78 | $61.66 | +161.5% | Jan 8, 2026 |
| Raymond James | Analyst unavailable | $74 | $61.66 | +148.1% | Jan 7, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $68.05 | +101.1% | Nov 17, 2025 |
| Wolfe Research | Scott Wurtzel | $105 | $87.86 | +252.0% | Sep 3, 2025 |
| Stephens | Brett Huff | $105 | $81.94 | +252.0% | Jun 16, 2025 |
| UBS | Analyst unavailable | $89 | $76.25 | +198.4% | Feb 28, 2025 |
| Citigroup | Peter Christiansen | $90 | $72.82 | +201.7% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $83 | $76.87 | +178.2% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $96 | $78.22 | +221.8% | Oct 16, 2024 |
| Robert W. Baird | Jeffrey Meuler | $100 | $77.37 | +235.2% | Sep 24, 2024 |
| Goldman Sachs | George Tong | $93 | $77.37 | +211.8% | Sep 24, 2024 |
| Citigroup | Peter Christiansen | $97 | $77.36 | +225.2% | Sep 6, 2024 |
| JMP Securities | Nicholas Jones | $90 | $74.84 | +201.7% | Jul 24, 2024 |
| Goldman Sachs | George Tong | $108 | $72.73 | +262.1% | Jun 20, 2024 |
| BMO Capital | Jeff Silber | $88 | $91.95 | +195.0% | Apr 25, 2024 |
| BMO Capital | Jeff Silber | $84 | $84.18 | +181.6% | Apr 19, 2024 |
| RBC Capital | Ashish Sabadra | $109 | $95.82 | +265.4% | Mar 25, 2024 |
| Robert W. Baird | Jeffrey Meuler | $105 | $96.15 | +252.0% | Mar 18, 2024 |
| JMP Securities | Nicholas Jones | $110 | $96.15 | +268.8% | Mar 18, 2024 |
| RBC Capital | Ashish Sabadra | $95 | $83.24 | +218.5% | Feb 21, 2024 |
| Needham | Mayank Tandon | $100 | $84.64 | +235.2% | Jul 26, 2023 |
| J.P. Morgan | Analyst unavailable | $110 | $77.88 | +268.8% | Dec 16, 2022 |
| Needham | Analyst unavailable | $77 | $64 | +158.1% | Apr 27, 2022 |
Track every rating change on CSGP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information.…
Historical context
All CSGP earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-09T13:20:43.535285+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T13:20:43.532563+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.