Shares of online real-estate marketplaces Zillow Group Inc (NASDAQ:ZG) and CoStar Group Inc (NASDAQ:CSGP) are gapping lower today, amid news that Alphabet (GOOGL) is testing home for-sale ads at the top of Google search results in certain markets. The new feature displays a carousel featuring property photos, prices, addresses, and other relevant information.ZG was last seen down 7.3% to trade at $67.11, eyeing its biggest single-day percentage drop since February, after earlier hitting its lowest level sin ...

Core Insights - Opendoor's revenue declined significantly and losses widened year-over-year in Q3, with management indicating that losses will increase further in Q4 [1] - The company issued nearly 181 million new shares, raising concerns about dilution [1] Financial Performance - Despite the decline in revenue and increased losses, Opendoor's stock is trading at over 10 times its price from early June, driven by retail investors known as the "Open Army" [2] - The new CEO, Kaz Nejatian, aims for profitability by the end of next year and is implementing changes to reduce losses, including adopting an AI-powered operating model [3] Strategic Changes - Nejatian's ambition is to transform Opendoor into a streamlined marketplace for real estate transactions, which could potentially increase the company's stock price significantly [4] - Insiders have been buying shares, indicating confidence in the company's long-term prospects, with three purchases and no sales since August [5] Market Sentiment - Opendoor is trading above its 100-day moving average, suggesting that bullish sentiment remains [6] - However, Wall Street recommends caution due to the company's meme stock status, with a consensus rating of "Hold" and a highest price target of $6, indicating a potential downside of about 6% from current levels [8]

Core Viewpoint - CoStar Group, Inc. continues to support Matterport Spaces and refutes Zillow's claims of restricting the use of Matterport 3D virtual tours outside of CoStar-owned sites [1] Company Summary - CoStar Group, Inc. is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology [1] - The company emphasizes its commitment to Matterport Spaces across all media channels [1] Industry Context - Zillow is accused of engaging in anti-consumer conduct by making false claims regarding CoStar Group's use of Matterport 3D virtual tours [1]

Core Insights - Homes.com, a leading online residential marketplace by CoStar Group, reported a 2% increase in national home prices in September compared to the same month last year [1] - The median home price reached $385,000, which is an increase of $7,000 from September of the previous year [1] Price Trends - National home price appreciation continued in September, indicating a stable upward trend in the housing market [1] - The report includes analysis of price trends across major metropolitan areas and different types of houses, reflecting a comprehensive view of the market dynamics [1]

Core Points - CoStar Group, Inc. will announce its financial results for Q3 2025 on October 28, 2025, after market close [1] - A conference call will be held at 5:00 PM EDT on the same day to discuss the results and the company's outlook [1] Company Overview - CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets [1]

Core Insights - CoStar Group, Inc. has been recognized as one of GlobeSt.'s Best Places to Work in Commercial Real Estate (CRE) for 2025, highlighting its commitment to workplace culture and employee satisfaction [1] Company Overview - CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology [1] - The company employs over 8,300 individuals globally, indicating its significant scale and presence in the industry [1]