CoStar Group (CSGP) Stock Movement Summary CoStar Group's stock rose 6.7% following the announcement of Homes AI, a new artificial intelligence tool for its Homes.com real estate platform. Jefferies upgraded CoStar from Hold to Buy, citing attractive valuation and projecting Homes.com will drive a five-year revenue compound annual growth rate of 16%, with adjusted EBITDA expected to triple by 2030. The company confirmed layoffs in its Richmond-area operations, marking the second round of cuts in a year. The job cuts coincide with the Homes AI launch and focus on photo, video production, and content roles related to Homes.com. CoStar is scheduled to report earnings next week for the quarter ended December 2025, with Wall Street expecting quarterly earnings of $0.27 per share on $891.08 million in revenue.
Read full analysisCoStar Group (CSGP) Stock Movement Summary CoStar Group's stock rose 6.7% following the announcement of Homes AI, a new artificial intelligence tool for its Homes.com real estate platform. Jefferies upgraded CoStar from Hold to Buy, citing attractive valuation and projecting Homes.com will drive a five-year revenue compound annual growth rate of 16%, with adjusted EBITDA expected to triple by 2030. The company confirmed layoffs in its Richmond-area operations, marking the second round of cuts in a year. The job cuts coincide with the Homes AI launch and focus on photo, video production, and content roles related to Homes.com. CoStar is scheduled to report earnings next week for the quarter ended December 2025, with Wall Street expecting quarterly earnings of $0.27 per share on $891.08 million in revenue.
CoStar Group is a commercial real estate data and analytics provider that also operates Homes.com, a residential real estate platform competing with Zillow and Realtor.com. The company has been at the center of an investor debate over whether its heavy spending on Homes.com will pay off. Today's Jefferies upgrade directly addresses that debate, projecting the residential platform will become a major growth driver.