Should you buy CoStar Group stock? (March 2024)

Published first at https://www.3minutebreakdowns.com CoStar Group stock analysis. Ticker: $CSGP Real estate company Costar Group climbed 8% on Friday after the national association of realtors agreed to eliminate real estate commissions. Experts think commissions could drop to just 3 or 4 percent with some calling it an earthquake for the industry. Looking at the financials of CoStar, the company now has a market value just under 39 billion dollars with 5.2 billion of cash and 1 billion of debt on the balance sheet. Revenue comes to 2.5 billion over the last 12 months, with 375 million of net income and 492 million of adjusted ebitda. So Costar stock is currently valued at an eye popping 103 times earnings. That’s a steep valuation but CoStar isn’t an ordinary real estate business. Over the past 20 years the company has built up a network of businesses including the CoStar platform, LoopNet, Ten-X, apartments.com, homes.com and BizBuySell. This diverse selection allows the CoStar group to do well during different economic cycles and the numbers back it up. Total revenue at CoStar group has increased for 59 consecutive quarters. #investing #stocks #stockstobuy #realestate