Cost control — Co said operating cost growth was limited to 2%, supporting improved profitability.
Residential segment turnaround — Residential segment turned adjusted EBITDA positive, a $41 mln improvement over Q1, per CEO Andy Florance.
AI product launches — New AI-powered features in Homes.com and Apartments.com drove user engagement and higher conversion rates.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the online services peer group is "buy".
Wall Street's median 12-month price target for CoStar Group Inc is $44.00, about 50.8% above its July 27 closing price of $29.17.
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 28 three months ago.
S
Seritage Growth Properties signs USD 40 million loan facilities with b1Bank
CSGP•
