CoStar Group Shares Slip After Long-Term Growth Outlook And Buyback Announcement

Core Viewpoint - CoStar Group, Inc. announced an expanded long-term growth strategy and a new $1.5 billion share repurchase authorization, yet its shares fell by 2.90 percent to $65.25 [1] Financial Outlook - For 2026, CoStar forecasts revenue between $3.78 billion and $3.82 billion, net income between $175 million and $215 million, and adjusted EBITDA between $740 million and $800 million, which would represent the highest adjusted EBITDA in the company's history [1] Stock Performance - CoStar's shares traded at $65.25, down from a previous close of $67.20, with an opening price of $68.28 and a trading range between $61.82 and $68.98 during the session [2] - The trading volume reached approximately 7.18 million shares, exceeding the average volume of about 4.04 million shares [2] Historical Trading Range - CoStar Group has experienced a 52-week trading range of $61.82 to $97.43 [3]