CSGP

CoStar had a decent quarter, but the stock is down 15% post-earnings. To be quite frank, the market reaction is quite perplexing to me as I couldn’t quite find anything that would warrant such a drop. Here are my highlights from the call. Revenue CoStar acquired Domain for $1.

Each quarter, I closely track Zillow rentals revenue to gauge how the competitive dynamics between Zillow Rentals and CoStar multifamily segment (mainly Apartments.com) is evolving. At first glance, it may appear Zillow Rentals is really eating Apartments.com’s lunch for the last few years as Zillow Rentals revenue

CoStar may not be a widely followed company (you can read my Deep Dive here if you’re unfamiliar), but it’s one of the earnings calls that I enjoy the most listening every quarter, primarily because CEO Andy Florance always comes up with new reasons to take a dig

I have started a ~3% position in CoStar (CSGP) at $71/share and would like to increase the position to ~5% if the stock goes down to ~$60. I wrote a Deep Dive on CSGP back in January 2024, so I would suggest reading my Deep Dive for a more