CoStar Group (CSGP) is trading higher today as market attention returns to its 2026 capital return program, highlighted by plans to repurchase about $700 million of stock during 2026, including a planned $500 million accelerated share repurchase (ASR) in the first quarter. With the shares trading near $38.88, buyback-related demand and expectations of reduced dilution can support near-term price action, especially when combined with light incremental news flow and a market looking for tangible shareholder-return catalysts.

The next major scheduled event is CoStar’s first-quarter 2026 earnings release after the market close on April 28, 2026. Ahead of earnings, investors often reposition around two key issues for CoStar: (1) whether Homes.com losses are narrowing as planned, and (2) whether consolidated profitability is improving as the company targets lower net investment in Homes.com over time. That pre-earnings positioning can contribute to outsized moves even without a single headline dominating the session.

Into April 28, traders will watch for any update on the pace and mechanics of repurchases (ASR timing and any open-market activity), plus any commentary on cost discipline and the trajectory of Homes.com monetization. If management reiterates or tightens its 2026 outlook and provides clearer milestones for margin expansion, the stock could see follow-through; if the quarter shows persistent Homes.com pressure without improving leverage, today’s move could fade.