CoStar Group Inc

CSGP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$51.00	Fssq	Klsnsggql

CoStar Announces Aggressive Investments in Its Residential Initiative; We Maintain Our $73 FVE

Suryansh Sharma

Feb 22, 2023

Wide-moat-rated CoStar Group reported middling results in the fourth quarter, but the 2023 full-year EBITDA guidance was substantially below Wall Street expectations because of the company’s higher-than-expected investments in its residential business. Management also said that the company will not be acquiring Move Inc., which is a majority owner of Realtor.com. The shares of the company tumbled by 5% in response to the quarterly results and the 2023 guidance.

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