In its Q2 2026 investor letter, Spyglass Growth Strategy highlighted CoStar Group, Inc. (NASDAQ:CSGP).
CoStar Group, Inc. (NASDAQ:CSGP), an information, analytics, and online marketplace services provider for commercial and residential property markets, detracted from the performance during the quarter
On July 30, 2026, CoStar Group, Inc. (NASDAQ:CSGP) closed at $29.46 per share, reflecting a market capitalization of $11.94 billion. CoStar Group, Inc. (NASDAQ:CSGP) posted a one-month return of -1.80%, while its shares lost 68.86% over the past 52 weeks. Spyglass Growth Strategy stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its Q2 2026 investor update: “CoStar Group, Inc. (NASDAQ:CSGP), a provider of software solutions in the global real estate industry, was a bottom contributor during the second quarter.
CoStar reported first-quarter results that surpassed consensus expectations for both revenue and profitability, marking the 60th consecutive quarter of double-digit revenue growth. While we viewed the quarterly results positively, we believe the market focused on softer net new bookings which weighed on shares. We remain focused on Homes.com subscriber growth as a key component of our long-term model.