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

CoStar Group, Inc. (CSGP) shares fell 2.90 percent, dropping $1.95 to $65.25 on Wednesday, despite the company announcing an expanded long-term growth strategy and a new $1.5 billion share repurchase authorization.CoStar also issued its 2026 outlook, forecasting revenue of $3.78 billion to $3.82 billion, net income of $175 million to $215 million, and adjusted EBITDA of $740 million to $800 million, which would mark the highest adjusted EBITDA in the company's history.Shares were trading at $65.25, down fr ...