Movement Alert｜CoStar Intraday Rise 5.27% in Regular Trading, Shares Rebound After Earnings Beat, Raised Revenue Outlook and Vexcel Deal

Market Focus11-03

On November 3, CoStar rose 5.27% in Regular Trading, trading at $31.76 per share, with turnover of $29.24 million.

The recent catalyst in publicly available reports was a reassessment of the company after it posted third-quarter results above consensus, lifted its full-year revenue guidance, and announced a definitive agreement to acquire Vexcel Group for about $730 million in cash.

CoStar reported third-quarter adjusted EPS of $0.38 versus the $0.34 consensus, while revenue reached $952 million, above the $946.19 million expectation. The company guided fourth-quarter adjusted EPS to $0.46-$0.50, around the $0.49 consensus midpoint, and raised full-year revenue guidance to $3.75 billion-$3.77 billion from prior levels. Subsequent reports highlighted the Vexcel transaction as an added growth expansion factor alongside the improved operating outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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