Shares of real estate data provider CoStar Group (NASDAQ:CSGP) fell 7.8% in the afternoon session after reports surfaced that Google was testing a new ad format that placed homes-for-sale listings directly at the top of its search results, sparking investor concern. The test, which appeared in limited markets on mobile devices, positioned the search giant as a potential direct competitor to online property portals. This development threatened a core source of traffic and leads for companies like CoStar, which owns Homes.com, and rival Zillow, whose shares also fell sharply. Investors were concerned because Google's move could bypass the established real estate platforms. Analysts from Goldman Sachs viewed the development as a "long-term risk" for the industry, even though the immediate impact might be limited since much of the traffic to real estate sites is direct.
Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Curious about the market action on Monday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Looking back on data & business process services stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CoStar (NASDAQ:CSGP) and its peers.
The Nasdaq 100 (^NDX) is home to some of the biggest success stories in tech and growth investing.
However, certain stocks in the index face challenges like profitability concerns, rising costs, or shifts in market trends.
A clean balance sheet can signal disciplined management and stability.
It also means a company can expand and thrive without relying on borrowed capital.
Over the past six months, CoStar’s shares (currently trading at $70.35) have posted a disappointing 5.7% loss, well below the S&P 500’s 21.3% gain. This may have investors wondering how to approach the situation.
CoStar’s third quarter was marked by strong top-line momentum but a negative market reaction, as investors focused on the company’s expanding investments and contracting operating margin. Management highlighted robust revenue contributions from the recent Domain acquisition and continued acceleration in its residential portals, particularly Homes.com. CEO Andy Florance noted, “Homes.com is now the fastest-growing revenue product we’ve ever launched,” underscoring the portal’s rapid subscriber and bookings growth. However, the company’s decision to increase spending on product development and sales force expansion weighed on profitability.
Friday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
New York, NY – October 30, 2025 – Zillow Group (NASDAQ: Z), the ubiquitous online real estate marketplace, experienced a significant downturn in trading today, solidifying its position as one of the market's bottom performers. The sharp decline comes amidst a challenging macroeconomic environment characterized by persistent high interest rates and a
Washington D.C. – October 29, 2025 – CoStar Group (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, saw its shares "obliterated" today, plummeting by a staggering 18.2% in afternoon trading. The sharp decline comes on the heels of the company's third-quarter 2025 earnings report,
Shares of real estate data provider CoStar Group (NASDAQ:CSGP) fell 18.2% in the afternoon session after the company reported third-quarter results and provided a mixed forecast for the upcoming quarter. Revenue grew a robust 20.4% year-over-year to $833.6 million, and adjusted earnings per share of $0.23 also surpassed Wall Street's expectations. However, investors focused on the company's outlook. While CoStar's fourth-quarter revenue guidance was strong and ahead of estimates, its adjusted earnings per share forecast of $0.27 came in below the analyst consensus of $0.30. Adding to concerns, the company's operating margin fell to negative 6.1% from positive 3.4% a year ago, signaling that expenses are growing faster than sales. The sharp stock decline suggests the market is prioritizing future profitability over current revenue growth.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
