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CoStar names Felix Kusch president of Homes.com. Move follows 2nd quarter 2026 residential adjusted EBITDA of $12 million and Homes.com revenue up 66% to $28.5 million Article Summary. CoStar Group appointed Felix Kusch as president of Homes.com, reporting to CEO Andy Florance. The hire follows the company's first profitable quarter in residential, with Q2 2026 adjusted EBITDA of $12 million and Homes.com revenue up 66% to $28.5 million. AI Summary CoStar Group has named European real estate portal executive Felix Kusch president of Homes.com as the company pushes to make the site the top residential real estate platform in the U.S., the company announced on Monday. Kusch joins the Arlington, Virginia-based firm from Europe, where he most recently served as CEO of Immoweb, the top real estate portal in Belgium, and Immowelt, the second-largest portal in Germany. CoStar said he will oversee the Homes.com leadership team and report directly to CoStar Group founder and CEO Andy Florance. "Felix has run two of Europe's top real estate portals and beaten some of the toughest competitors in the industry to do it, that's exactly the experience we want leading Homes.com," Florance said in the announcement. "Our model and his are the same: you win by putting the property and agent first, not by selling agent's leads to multiple agents." Before running Immoweb and Immowelt, Kusch led M&A work at Axel Springer Digital focused on European real estate marketplaces and served on the boards of Meilleurs Agents and Lamudi. "I've watched what CoStar Group has built with Homes.com from across the Atlantic, and it's the same fight I've spent my career in: earning trust by promoting the property, not shopping the lead," Kusch said in the announcement. "I've done that in Belgium and in Germany. Now I get to do it in the biggest residential real estate market in the world." The appointment comes as CoStar's residential segment posted its first profitable quarter. In the second quarter of 2026, the residential business generated $12 million in adjusted EBITDA, a $41 million improvement from the first quarter, according to the company. Homes.com revenue rose 66% year over year to $28.5 million, helped by the launch of Homes.com Ai in February and its expansion across CoStar's broader marketplace portfolio.

RBC Capital sticks to its Hold rating for CoStar Group (CSGP). Sep. 4, 2026, 07:45 PM In a report released yesterday, Ashish Sabadra from RBC Capital maintained a Hold rating on CoStar Group, with a price target of $34.00. According to TipRanks, Sabadra is a 3-star analyst with an average return of 2.1% and a 55.15% success rate. Sabadra covers the Financial sector, focusing on stocks such as S&P Global, Moody's, and TransUnion. In addition to RBC Capital, CoStar Group also received a Hold from William Blair's Stephen Sheldon in a report issued on August 27. However, on August 24, Wells Fargo assigned a Sell rating to CoStar Group (NASDAQ: CSGP). Based on CoStar Group's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $925 million and a net profit of $55 million. In comparison, last year the company earned a revenue of $781.3 million and had a net profit of $6.2 million Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSGP in relation to earlier this year. Last month, John W. Hill, a Director at CSGP sold 3,500.00 shares for a total of $105,735.00. Read More on CSGP:

CoStar monopoly lawsuits consolidated in Virginia. Four consolidated suits to be heard in Eastern District of Virginia * Four antitrust lawsuits against CoStar consolidated in Virginia federal court * Two suits were filed in Virginia, one each in California, Washington, D.C. * Lawsuits allege CoStar violated Sections 1 and 2 of Sherman Act Four antitrust lawsuits filed against Arlington County-based real estate data and analytics company CoStar Group have been consolidated in federal court in Virginia. Per court records, the U.S. Judicial Panel on Multidistrict Litigation earlier this month combined three similar suits filed earlier this year in Virginia, California and Washington, D.C. A fourth suit filed later by a CoStar customer was added to the consolidated suits, which will be heard by Judge David J. Novak for the U.S. District Court for the Eastern District of Virginia. The suits all allege CoStar participated in monopolistic practices. The initial Virginia case, Shapiro Hospitalities dba Grand & Co. v. CoStar Group, et al., was filed in the Eastern District in April. The complaint, brought forth by Shapiro Hospitalities, claims CoStar violated federal antitrust law by maintaining monopoly power as the dominant provider of commercial real estate, or CRE, online listings and information. The complaint in Shapiro alleged CoStar coerced the three largest CRE brokerages into noncompete agreements, limiting the information that could be shared with CoStar competitors and excluding any rival platform from competing without access to the information. "This is a rare case about a company that has perpetrated an anticompetitive scheme so pernicious that its own customers openly lament how it has destroyed competition, leaving them no choice but to pay its supracompetitive prices," the complaint states. The filing specifically alleges violations of Sections 1 and 2 of the Sherman Act. "By restraining customers' ability to share their own CRE information with CoStar competitors, CoStar has created and maintained a dangerous probability that its attempt to monopolize will succeed," the complaint states. In the Aug. 14 decision by the U.S. Judicial Panel on Multidistrict Litigation, the panel wrote that CoStar opposed consolidation but asked that the actions be transferred to Virginia should consolidation occur. "We find that the Eastern District of Virginia is the most appropriate transferee district for this litigation," U.S. Judicial Panel on Multidistrict Litigation Acting Chair Matthew F. Kennelly wrote. "CoStar is headquartered in this district, and most parties support centralization there, in the first instance or in the alternative." Kennelly selected Novak to preside over the consolidated action, writing that he "is familiar with the contours of multidistrict and complex litigation, and we are confident he will steer this matter on an efficient and prudent course." The cases transferred to Virginia include Malm Inc. v. CoStar Group from the Central District of California and One Real Estate, dba The One Street Co. v. CoStar Group from the District of District of Columbia. The fourth case, Oster v. CoStar Group, was filed in the Eastern District of Virginia after consolidation proceedings began. In the new filing, plaintiff Brad Oster, a New Orleans resident who has paid for a "Premium Listing Plan" and CRE listing services from CoStar, alleged similar violations of the Sherman Act. "CoStar did not achieve this dominance through superior products or competitive pricing," the complaint states. "It achieved dominance by eliminating competitors through acquisition and litigation, and then by deploying a self-reinforcing anticompetitive scheme designed to prevent any new competitor from challenging its position." CoStar has 8,400 employees and 86 offices in 15 countries. In 2025, the company reported $3.2 billion in revenue, up 19% over 2024's $2.7 billion. Its websites attracted an average of 118 million unique monthly visitors during the second quarter of this year.