"Florance acquired a total of 71,430 securities via two transactions, one which included 68,330 securities and a second that included 3,100 securities, ranging in price from $34.67 to $36.00 per security."
"CoStar Group announced that it had delivered its 60th consecutive quarter of double-digit revenue growth, with revenue rising 23% annually to $897 million in Q1 2026."
"Florance addressed the activist investor campaign waged by investors Third Point and DE Shaw over the past year due to Homes.com's slow growth and the weaker performance of CoStar's core commercial real estate business."
"With that distraction now behind us, we can now apply even more focused energy to accelerating Homes.com revenue and the revenue in every other business in the portfolio."
Andy Florance, CEO of CoStar Group, acquired 71,430 securities through stock options, increasing his ownership to 1,772,865. The company reported 60 consecutive quarters of double-digit revenue growth, with Q1 2026 revenue at $897 million, a 23% increase. CoStar also achieved $3 million in net income, recovering from a $15 million loss the previous year. Florance addressed challenges from activist investors Third Point and DE Shaw, acknowledging their impact on Homes.com sales but expressing optimism for future revenue growth across the portfolio.
Read at www.housingwire.com
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