CoStar to buy Vexcel for about $730 million, shares fall
CSGP•CoStar agreed to buy Vexcel for about $730 million, and its shares fell 12% in extended trading. Third-quarter adjusted EPS was 38 cents and revenue was $952 million, while the company forecast 2026 adjusted EPS of $1.38 to $1.41.
1. Deal and results
CoStar announced a $730 million deal to buy Vexcel Group, an operator of survey-grade aerial imagery programs. Its shares fell 12% to $28.30 in extended trading. CoStar reported third-quarter adjusted EPS of 38 cents, compared with estimates of 34 cents, and revenue of $952 million versus estimates of $946.2 million. It expects 2026 adjusted EPS of $1.38 to $1.41.
