CoStar posts $925M in quarterly revenue as Oppenheimer builds new stake
CoStar Group reported $925M revenue for the quarter ended July 28, up 18.4% YoY but slightly below analysts’ $928.81M estimate. EPS was $0.32 versus $0.29 consensus. Oppenheimer Asset Management added 265,401 shares worth about $7.5M in Q2, per its 13F. CoStar guided Q3 EPS to $0.31-$0.34 and FY EPS to $1.32-$1.39.
How this was made
The 30-second read
Why it matters
CoStar’s EPS beat versus consensus and its Q3 and full-year EPS guidance provide a near-term fundamental anchor. The Oppenheimer 13F adds a secondary sentiment signal, but the revenue miss and very high P/E suggest limited valuation cushion.
Market read
Traders can use the disclosed earnings and guidance ranges to reassess near-term expectations, while the 13F and CEO buying provide incremental sentiment support.
What to watch
The article does not quantify margin, bookings, or subscription growth drivers behind the EPS beat, so traders may discount the quality of earnings.
Background
The article centers on CoStar’s latest quarterly results, guidance for the next quarter and year, and concurrent institutional activity disclosed in a 13F.
Ticker impact
CoStar reported $925M quarterly revenue and guided Q3 EPS to $0.31-$0.34, while Oppenheimer added a 265,401-share stake via 13F.
Likely modest positive bias for the next few sessions, with follow-through dependent on whether the guidance range is viewed as conservative or credible.
The article provides a concrete earnings beat (EPS $0.32 vs $0.29) and guidance ($0.31-$0.34), plus a specific 13F stake increase by Oppenheimer. However, revenue missed by a small amount and the piece does not include a new analyst action or a major corporate event beyond routine filings.
Market effects
Commercial real estate data and marketplace names may see sentiment lift if CoStar’s guidance is interpreted as stable demand.
No explicit regional catalyst beyond US-listed company reporting.
Limited, as the article is company-specific and does not cite global regulatory or macro shocks.
Counterpoint
The stock’s extreme valuation (P/E 170.43) and revenue slightly below expectations could cap upside even with an EPS beat.
Key entities
- companyCoStar Group
Reported $925M quarterly revenue, EPS of $0.32, and guided Q3 EPS to $0.31-$0.34 and full-year EPS to $1.32-$1.39.
- institutionOppenheimer Asset Management
Bought 265,401 shares of CoStar in Q2, valued at about $7.5M, per its latest Form 13F.
- executiveAndrew Florance
CEO bought 83,300 shares on August 4 at an average of $29.89.
- executiveCynthia Cammett Cann
Chief accounting officer sold 4,788 shares at $30.78.
