Costar Group: A Fallen Compounder Down 70% From Highs (Ticker: CSGP)

On this episode of Chit Chat Stocks, we dive into another Ryan Research episode covering Costar Group (Ticker: CSGP). We discuss:

(00:00) Introduction

(02:11) Founding of CoStar and Andy Florence's background

(12:32) Industry landscape and CoStar's monopoly in commercial real estate data

(19:37) Revenue growth, pricing power, and diversification

(22:29) Major acquisitions: Loopnet, Apartments.com, and Homes.com

(33:28) Competitive advantages and moat of CoStar

(41:41) Comparison with Zillow and industry moat

(49:25) Marketing spend, growth, and recent challenges

(55:13) Valuation, activist involvement, and future outlook

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