ARLINGTON, Virginia, August 24, 2026, 07:28 EDT — CoStar shares advanced following the company’s $800 million deal to purchase Zonda, with the acquisition pricing growth at 20.5 times EBITDA.
CoStar's $800 million purchase brings profitable homebuilding data and marketplaces. The stock's premarket rebound says investors see potential. The valuation still requires growth.
Premarket observation: August 24, 2026, 07:28 EDT / 13:28 CEST. Premarket figures are preliminary.
The market is pricing a profitable subscription asset and cross-sell option, after the stock finished Friday unchanged.
| Measure | Figure |
|---|---|
| Cash consideration | $800M |
| 2025 revenue | ≈$170M |
| Implied adjusted EBITDA | ≈$39.1M |
| Price / revenue | 4.7× |
| Price / adjusted EBITDA | 20.5× |
| Deal / CoStar market cap | 6.1% |
Calculated from company-reported purchase price, revenue and margin.
| Q2 2026 | Value | YoY |
|---|---|---|
| Revenue | $925M | +18% |
| Adjusted EBITDA | $184M | +116% |
| Adj. EBITDA margin | 19.9% | — |
| Net income | $55M | vs. $6M |
| Residential revenue | $444M | +33% |
Residential adjusted EBITDA turned positive in the quarter.
| Firm | Rating | Target |
|---|---|---|
| JPMorgan | Overweight | $52 |
| BTIG | Buy | $42 |
| Citizens | Market Outperform | $35 |
| Citigroup | Neutral | $33 |
| Wolfe Research | Outperform | $32 |
| 21-analyst average | Buy | $37.10 |
Consensus upside from the observed premarket price: about 11.3%.
Market snapshot: August 24, 2026, 07:28 EDT / 13:28 CEST. Sources: Stocknear, CoStar Zonda closing release, CoStar Q2 2026, S&P Global analyst consensus via StockAnalysis.
