May. 31 at 11:39 AM
$CSGP On May 28, 2026, CoStar Group, through its subsidiary CoStar Realty Information, entered into a stock purchase agreement to acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplaces, for
$800 million in cash. Zonda serves more than 3,000 customers across the homebuilding ecosystem in North America and generates predominantly subscription-based revenue with strong margins and 104% net customer retention.
The transaction, announced publicly on May 29, 2026, is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions, but does not require CoStar shareholder approval or financing. By adding Zonda’s proprietary lot-level data platform, its NewHomeSource and Livabl marketplaces, and its Envision visualization tools, CoStar aims to extend its leadership into the nearly
$1 trillion U.S. new residential construction market, create cross-sell opportunities across its commercial and residential franchises, enhance digital marketing experiences with Matterport technology, and deliver an accretive contribution to adjusted earnings in the first full year after closing.
The most recent analyst rating on (CSGP) stock is a Buy with a
$54.00 price target.
