Companies that help others buy, sell, rent or manage property — like real estate brokerages, property managers and appraisal firms.
Contains
News movingReal Estate Services
United States
Real Estate Services▼
CoStar Shares Fall 3.8% as Repeat Sale Indices Project 63% Drop in Commercial Deliveries
CoStar Group shares fell 3.8% to close at $27.02 after the real estate data provider's Commercial Repeat Sale Indices projected commercial property deliveries would drop sharply from the last cycle peak alongside softer demand signals. According to CoStar's press release, with data through August 2026, quarterly deliveries ending September 2026 are projected to fall 63% versus the fourth-quarter 2023 cycle peak. Deliveries across office, retail, and industrial are projected at 482 million square feet in the 12 months ending September 2026, down 19.5% from the same period a year earlier. The release also revealed third-quarter 2026 demand is projected to be slightly negative, with net absorption expected to give back 2.7 million square feet over the 12 months ending September 2026, and the value-weighted U.S. Composite Index down 1.3% in August. CoStar is down 58.9% since the beginning of the year and is trading 68.1% below its 52-week high of $84.80 from October 2025.
CSGP · Demand · Negative CoStar's own indices project a 63% drop in commercial deliveries and slightly negative net absorption, signaling sharply weaker commercial real estate demand.
And Do Holdings Submits Improvement Plan After Failing Prime Market Free-Float Market Cap Requirement
And Do Holdings announced on the 25th that it has drawn up a plan to bring itself into compliance with listing maintenance standards. As of June 30, 2026, the company's free-float market capitalization stood at just 9.83 billion yen, below the 10.00 billion yen threshold, leaving it partially non-compliant with the Prime Market's listing maintenance standards. Its shareholder count of 7,827 exceeds the required 800, its free-float share count of 93,168 shares exceeds the required 20,000 shares, and its free-float ratio of 46.6 percent exceeds the required 35.0 percent. The company will pursue various measures to meet the standards by the end of the June 2027 fiscal year, but if compliance cannot be confirmed within the improvement period ending June 30, 2027, it will be designated as a supervised issue (under review) by the Tokyo Stock Exchange, and if compliance is not confirmed in a subsequent examination, it will be designated as a delisting candidate and delisted on January 1, 2028. While giving top priority to measures aimed at compliance, the company said it is also considering a market transfer to the Tokyo Stock Exchange Standard Market as one option in case it fails to comply within the plan period, noting that as of the end of June 2026, its own estimates show it meets all of the Standard Market's listing examination criteria.
3457.JP · Regulation · Negative Fails the Prime Market free-float market cap requirement and faces possible supervised/delisting designation if it cannot comply by June 2027.
Zillow and Realtor.com Launch Preview Pre-Market Listing Feature
Zillow Group and Realtor.com jointly launched a new pre-market listing feature called Preview for U.S. home sellers, allowing properties to appear on both sites before going live on Multiple Listing Services. The companies describe the launch as the largest coordinated pre-market syndication effort in U.S. residential real estate. Preview places listings in front of buyers earlier, clearly labeled and pushed up in search results and alerts, while agents gain free connections and wider exposure across two high-traffic sites. The rollout arrives with more than 400 partners already enrolled, and investors are watching how quickly brokerage participation and listing volume scale from that base. Simply Wall St notes that future disclosures on how many closed transactions come from Preview connections would give a clearer read on revenue potential.
CoStar Forecasts Canadian Industrial Rents to Turn Positive by Late 2027
CoStar Group forecasts Canada's industrial vacancy rate will decline steadily through 2028, setting the stage for a return to positive rent growth by late 2027. The national industrial vacancy rate climbed from 1.5% in 2022 to 4.75% in 2025 amid a wave of new construction and slowing absorption, but has already eased to 4.5%, and CoStar now expects it to fall below 4% by the end of 2027 and to 3.25% by the end of 2028, slightly lower than its previous forecast of 3.5% by the end of 2028. Net absorption, which turned negative in the first half of 2025, has rebounded to average about 5 million square feet per quarter since the start of 2026, and CoStar forecasts it will average 7.5 million square feet per quarter from the third quarter of 2026 through the end of 2027 before settling at about 5 million square feet per quarter starting in 2028. Mario Lefebvre, chief economist for Canada at CoStar Group, said absorption has bounced back since late 2025 and, combined with a sharp pullback in new construction, is pushing vacancy steadily lower, with rent growth expected to remain roughly flat for most of 2027 before trending upward late in the year and continuing into 2028. Lefebvre added that the balance of risks remains tilted to the downside, citing trade and tariff uncertainty, elevated operating costs including higher fuel costs, and a declining population, though longer-term demand should grow with consumer spending while the development pipeline remains modest.
CSGP · Capital · Positive CoStar's own forecast of declining Canadian industrial vacancy and a return to positive rent growth by late 2027 is a positive development for its core commercial real estate data/analytics business.
CoStar Names Felix Kusch President of Homes.com After Unit's First Profitable Quarter
CoStar Group has named portal veteran Felix Kusch president of Homes.com after the unit delivered its first profitable quarter and 66% year-over-year revenue growth. The leadership change comes as CoStar Group's shares have fallen 52% year to date and its one-year total shareholder return is down 64%, even as the 7-day share price return shows a gain of 4.0%. Analysts following the company see a fair value of $37.30 against a last close of $31.56, framing the slide as a possible pricing gap. CoStar Group's price-to-sales ratio of 3.6x stands above the US real estate industry at 2.7x and a peer average of 1.3x. The bull case rests on continued digitalization and demand for data-driven real estate platforms, while the narrative weakens if Homes.com struggles to scale or competition in residential listings and Apartments.com forces heavier spending and weaker pricing power.
CoStar Group Names Felix Kusch President of Homes.com
CoStar Group has named Felix Kusch President of Homes.com, tapping a portal veteran to lead its push to make the residential site number one in the U.S. Kusch spent the last several years running two of Europe's leading real estate portals, as CEO of Immoweb, the number one portal in Belgium, and CEO of Immowelt, the number two portal in Germany, after earlier leading M&A work at Axel Springer Digital involving a number of the continent's real estate marketplaces. Homes.com's leadership team will report to Kusch, and Kusch will report to CoStar Group Founder and Chief Executive Officer Andy Florance. The appointment comes as CoStar Group's residential segment posted its first profitable quarter, turning adjusted EBITDA positive at $12 million in the second quarter of 2026, a $41 million increase from the first quarter, while Homes.com revenue grew 66% year over year to $28.5 million. Across its network of sites, including Homes.com and its U.K. counterpart OnTheMarket, CoStar Group drew 118 million average monthly unique visitors in the quarter.
CSGP · Capital · Positive CoStar's residential segment posted its first profitable quarter with adjusted EBITDA of $12M and Homes.com revenue up 66% YoY, alongside the new Homes.com president appointment.
Zillow Reports 78,000 Renters Building Credit in July
Zillow has reported nearly 2 million on-time rent payments to credit bureaus for free since launching its rent reporting program in 2024, with more than 78,000 renters having payments reported in July, the most in any single month and up 26% from a year ago. Insufficient credit history was the most common reason for mortgage denials in 2025, cited in nearly one-third of denials, and VantageScore found that nearly 4 million U.S. renters could become eligible for a mortgage if their on-time rent payments were reflected in their credit history. Zillow expanded the program in November 2025 to all renters via its CreditClimb tool, powered by Esusu, allowing even those who do not pay on Zillow to have payments reported, with participants seeing an average credit score increase of 53 points. Michael Sherman, general manager and senior vice president of Zillow Rentals, said rent reporting directly addresses the credit barrier that stands in the way of too many potential buyers.
Z · Demand · Positive Zillow's rent reporting program reached a record 78,000 renters in July, expanding adoption of its CreditClimb tool and rentals services.
Esusu · Demand · Positive Esusu powers Zillow's CreditClimb rent reporting tool, which reported a record 78,000 renters' payments in July.
World Union Lines 2026 interim report shows net loss of 34.006 million yuan, loss widened year-on-year
World Union Lines released its 2026 interim report. Total operating revenue was 813 million yuan, down 21.37% year-on-year. Net profit attributable to the parent company was negative 34.006 million yuan, a decrease of 21.7763 million yuan compared with the same period last year, with the loss widening. Net cash inflow from operating activities was 10.8497 million yuan, marking a second consecutive year of growth. The company's asset-liability ratio was 31.44%, gross margin was 6.02%, ROE was negative 1.57%, and diluted earnings per share was negative 0.02 yuan. The number of shareholders was 48,700, and the top ten shareholders held 56.85% of total share capital.
CoStar Weakest, EXL Strongest in Q2 Data Services Earnings
CoStar Group was the weakest performer among nine data and business process services stocks tracked in the second quarter, while EXL led the group with the biggest analyst estimate beat and highest full-year guidance raise. CoStar reported revenues of $925 million, up 18.4% year over year and in line with expectations, but delivered the weakest guidance update and weakest full-year guidance update among its peers. EXL posted revenues of $594.8 million, up 15.6% year over year and beating estimates by 3.5%, with full-year revenue guidance also above expectations. Equifax reported revenues of $1.7 billion, up 10.6% year over year and in line with estimates, but slightly missed full-year EPS guidance. TransUnion reported revenues of $1.31 billion, up 14.9% year over year and beating estimates by 1.8%, while ADP reported revenues of $5.47 billion, up 6.8% year over year and beating estimates by 0.7%. As a group, revenues beat consensus estimates by 1% while next quarter's revenue guidance was 1.3% below, and share prices are up 7.8% on average since the latest earnings results.
World Union First Half Net Loss Widens to 34.01 Million Yuan
World Union released its 2026 interim report, showing a net loss attributable to the parent company of 34.01 million yuan in the first half, widening from a loss of 12.23 million yuan in the same period last year. Operating revenue was 813 million yuan, down 21.4 percent year on year. Net loss attributable to the parent after deducting non-recurring items was 49.12 million yuan, compared with a loss of 46.62 million yuan a year earlier. Net operating cash flow was 10.85 million yuan, up 118.4 percent year on year. In the second quarter, net loss attributable to the parent was 29.97 million yuan, compared with a loss of 1.57 million yuan in the same period last year. The company said its major transaction business achieved operating revenue of 398 million yuan, down 32.54 percent year on year, while its major asset management business achieved operating revenue of 380 million yuan, down 3.07 percent year on year. A significant decline in nationwide new commercial housing sales area and sales value weighed on the performance of the major transaction business.
Zillow settles FTC claims over Redfin apartment listings deal
Zillow has settled claims by the U.S. Federal Trade Commission and five states that it illegally paid Redfin $100 million to stop competing in apartment rental listings. The settlement ends the agreement for Redfin to stop competing, and Redfin agreed to rebuild its rental advertising business within six months. The FTC and states had argued the partnership drove up costs for landlords and decreased listing quality for renters, with an expert estimating Zillow customers paid an average of 14.5% more per listing after Redfin stopped competing. Zillow denied the arrangement was anticompetitive, saying it made more listings available on more sites, while a Redfin spokesperson said the settlement allows the company to maintain its partnership with Zillow through at least 2030 while building its own standalone rentals business.
CoStar Group Completes $800 Million Acquisition of Zonda
CoStar Group has completed its acquisition of Zonda, a leading provider of new home construction data, homebuilder software and residential real estate marketplaces, for $800 million in cash. The deal expands CoStar Group's presence into the U.S. new home market, which represents approximately $400 billion in annual home sales. Zonda serves more than 3,000 customers and generated approximately $170 million of revenue in 2025 at an Adjusted EBITDA margin of 23%. The acquisition brings NewHomeSource.com and Livabl into CoStar Group's portfolio of online marketplaces. CoStar Group announced the agreement on May 29, 2026, and the transaction has now satisfied required regulatory approvals and customary closing conditions.
Zillow Group reported second-quarter 2026 revenue of $772 million, up 18% year over year, with adjusted EBITDA of $176 million and adjusted net income of $118 million. The company also announced a restructuring eliminating about 7% of its workforce, expected to generate $75 million in annualized EBITDA cost savings. Zillow is accelerating its transition to a preferred connection model, targeting more than 75% of connections by the end of 2026, up from 61% in Q2. For the third quarter, Zillow expects revenue of $745 million to $760 million and EBITDA of $180 million to $200 million, while full-year revenue guidance is $2.92 billion to $2.96 billion.
Zillow Stock Drops Nearly 13% After Earnings and Google Listings Expansion
Zillow Group shares fell nearly 13% in a single day in early August after the company reported second-quarter earnings and Alphabet's Google announced it will display real estate listings in all 50 states. Revenue rose 18% year over year, with mortgage revenue up 75% and rentals revenue up 31%, but traffic to Zillow's mobile apps and sites declined 2% and average monthly unique users fell 2% to 239 million. Management highlighted that consumers using AI mode spend more than three times as long on Zillow and contact an agent at nearly three times the rate of non-AI users, and the company recently laid off more than 500 people. The stock is down about 60% over the past year.
Zillow Group shares fell nearly 13% in a single day following its second-quarter earnings report. Revenue rose 18% year over year, with mortgage revenue up 75% and rentals revenue up 31%, but traffic to its mobile apps and sites declined 2% and average monthly unique users fell 2% to 239 million. The drop was also driven by news that Alphabet's Google will now display real estate listings in all 50 states, likely impacting Zillow. Management highlighted that consumers using its AI mode spend more than three times as long on the platform and contact agents at nearly three times the rate of non-AI users.
Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
Zillow Group reported second-quarter 2026 results that beat estimates, with total revenues rising 18% year over year to $772 million. Non-GAAP net income was $118 million or 52 cents per share, exceeding the Zacks Consensus Estimate of 44 cents. Residential revenues increased 7% to $465 million, mortgages revenue nearly doubled to $84 million, and rental revenues surged 31% to $209 million. For the third quarter, Zillow expects total revenues between $745 million and $760 million and adjusted EBITDA of $180 million to $200 million.
Peloton, Sandisk, AppLovin lead premarket declines while Versant Media and DoorDash gain
Several stocks made significant premarket moves following earnings reports and guidance updates. Peloton Interactive sank nearly 14% after reporting a year-over-year decline in active paying subscribers of 8.8%, despite revenue topping expectations. Moderna rose 4% after the FDA approved its mRNA flu vaccine, mFlusiva, for adults 50 and older. Versant Media jumped 5% after raising its full-year outlook and beating top and bottom lines, now expecting 2026 revenue of $6.2 billion to $6.45 billion and adjusted EBITDA of $1.9 billion to $2.05 billion. Warby Parker shed 7% after second-quarter revenue of $235.5 million missed the LSEG consensus estimate of $238 million, though EBITDA topped expectations and full-year guidance was reaffirmed. IonQ rose 3.9% on better-than-expected second-quarter revenue and full-year revenue guidance of $280 million to $290 million, exceeding the FactSet consensus of $268.6 million. Sandisk slid 10% as first-quarter revenue guidance of $10.3 billion to $10.8 billion appeared to disappoint traders, with the LSEG consensus at $10.47 billion, despite fourth-quarter beats. Figma shed 14% after full-year adjusted operating income guidance of $125 million to $135 million came in soft versus the FactSet consensus of $133.2 million. DoorDash added 4% after quarterly revenue of $4.45 billion beat the LSEG consensus of $4.34 billion. Zillow slid more than 11% after expanding CFO Jeremy Hofmann's role to include COO, while also reporting adjusted EPS of 52 cents beating estimates of 45 cents and revenue of $772 million beating estimates of $758 million, a day after announcing about 500 layoffs. Western Digital slumped more than 15% as current-quarter projections underwhelmed, calling for adjusted earnings of $4 a share on revenue of $4.1 billion, versus consensus of $3.81 a share on $4.04 billion. Salesforce fell almost 5% after naming Miguel Milano as operating chief. Duolingo tumbled 7% after current-quarter revenue guidance of $302 million missed the FactSet consensus of $303.9 million. Bumble fell 5% after posting a second-quarter loss of 84 cents per share versus an expected profit of 25 cents, and issuing third-quarter adjusted EBITDA guidance of $56 million to $60 million below the $68.7 million consensus. AppLovin tanked nearly 20% after third-quarter adjusted EBITDA guidance of $1.71 billion to $1.74 billion missed the StreetAccount consensus of $1.75 billion.
Zillow Group faces securities fraud class action over alleged anticompetitive agreement
Kahn Swick & Foti, LLC reminds investors that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. The lawsuit alleges that Zillow and certain executives failed to disclose material information during the Class Period from February 11, 2025 to May 7, 2026, including that its agreement with Redfin was effectively an acquisition rather than a partnership, which materially heightened regulatory and antitrust risks. When the true details emerged, investors allegedly suffered damages. The case is pending in the United States District Court for the Western District of Washington under the caption Breidert v. Zillow Group, Inc., et al., 26-cv-02016.
Rosen Law Firm Reminds Zillow Investors of August 10 Lead Plaintiff Deadline
Rosen Law Firm reminds purchasers of Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 of the August 10, 2026 lead plaintiff deadline in a securities class action first filed by the firm. The lawsuit alleges that Zillow made materially false and misleading statements regarding its agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, exposing the company to heightened antitrust risk and regulatory scrutiny. Investors who purchased Zillow stock during the class period may be entitled to compensation through a contingency fee arrangement. To join the class action or seek lead plaintiff status, investors must contact the firm before the deadline.
Bragar Eagel & Squire Reminds Zillow Investors of August 10 Lead Plaintiff Deadline
Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Zillow Group, Inc. and that the lead plaintiff deadline is August 10, 2026. The lawsuit, filed in the United States District Court for the Western District of Washington, covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The complaint alleges that defendants made false and misleading statements regarding Zillow's agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, thereby exposing Zillow to heightened antitrust regulatory risk and downplaying legal exposure. Investors who suffered losses are encouraged to contact the firm's partners, Brandon Walker or Melissa Fortunato, at (212) 355-4648 to discuss their legal rights.
Bronstein, Gewirtz & Grossman Files Class Action Against Zillow Over Alleged Securities Violations
Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Zillow Group, Inc. and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims that Zillow misrepresented its agreement with Redfin Corporation as a partnership rather than an acquisition, which heightened antitrust regulatory risk, and that the company downplayed its legal exposure after an antitrust lawsuit was filed. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm is handling the case on a contingency fee basis.
88% of real estate names beat revenue estimates this week
Out of 18 financial names that reported earnings this week, most posted beats on FFO, EPS, and revenue. Public Storage, Regency Centers, and VICI Properties missed on FFO, while CoStar Group and Mid-America Apartment missed on revenue. American Tower posted stronger-than-expected Q2 earnings and revenue, fueled by robust leasing demand, and boosted 2026 guidance. VICI Properties' second-quarter earnings and updated full-year 2026 guidance failed to impress investors, with AFFO per share of $0.62 in line with consensus and revenue of $1.06 billion exceeding estimates. Essex Property Trust reported FFO of $4.08, beating expectations by $0.04, and received an upgrade to Market Outperform from Citizens.
AMT · Demand · Positive American Tower reported stronger-than-expected Q2 earnings and revenue, fueled by robust leasing demand, and boosted 2026 guidance.
CSGP · Capital · Negative CoStar Group missed on revenue in its earnings report.
MAA · Capital · Negative Mid-America Apartment missed on revenue in its earnings report.
PSA · Capital · Negative Public Storage missed on FFO in its earnings report.
REG · Capital · Negative Regency Centers missed on FFO in its earnings report.
VICI · Capital · Negative VICI's Q2 earnings and updated guidance failed to impress, with AFFO in line and revenue beat not enough to offset disappointment.
Rosen Law Firm Reminds Zillow Investors of August 10 Lead Plaintiff Deadline
Rosen Law Firm reminds purchasers of Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 of the August 10, 2026 lead plaintiff deadline in a securities class action first filed by the firm. The lawsuit alleges that Zillow made materially false and misleading statements regarding its agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, exposing Zillow to heightened antitrust risk and regulatory scrutiny. Investors with losses exceeding $100,000 are encouraged to secure counsel before the deadline. Rosen Law Firm highlights its track record, including the largest securities class action settlement against a Chinese company and over $438 million recovered for investors in 2019.
Bragar Eagel & Squire Reminds Zillow Investors of August 10 Lead Plaintiff Deadline
Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Zillow Group, Inc. and that the lead plaintiff deadline is August 10, 2026. The lawsuit, filed in the United States District Court for the Western District of Washington, covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The complaint alleges that defendants made false or misleading statements regarding Zillow's agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, thereby exposing Zillow to heightened antitrust risk and regulatory scrutiny. Investors who suffered losses are encouraged to contact the firm's partners, Brandon Walker or Melissa Fortunato, at (212) 355-4648 to discuss their legal rights.
Z · Regulation · Negative class action lawsuit alleging false statements about Redfin acquisition, exposing Zillow to antitrust risk and regulatory scrutiny
ClaimsFiler Reminds Zillow Investors of August 10 Lead Plaintiff Deadline
ClaimsFiler reminds Zillow Group investors that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit. The lawsuit, pending in the United States District Court for the Western District of Washington, covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. Zillow and certain executives are accused of failing to disclose that its agreement with Redfin was an acquisition rather than a partnership, which heightened antitrust risk and led to materially false and misleading statements. The case is Breidert v. Zillow Group, Inc., et al., Case No. 26-cv-02016.
Z · Regulation · Negative Zillow is the defendant in a securities class action lawsuit alleging failure to disclose antitrust risk from a Redfin acquisition
CoStar Group Q2 earnings beat estimates as revenues rise 18.4%
CoStar Group reported second-quarter 2026 adjusted earnings of 32 cents per share, up 88.2% year over year and surpassing the Zacks Consensus Estimate by 14.29%. Revenues increased 18.4% to $925 million, though they missed the consensus estimate by 0.43%. Commercial Real Estate revenues rose 7.8% to $481 million, while Residential Real Estate revenues climbed 33% to $444 million, with the residential segment turning adjusted EBITDA positive for the first time. Adjusted EBITDA more than doubled to $184 million, and the adjusted EBITDA margin expanded 900 basis points to 20%. For the full year, CoStar revised its revenue outlook to $3.715-$3.755 billion but affirmed adjusted EBITDA guidance of $780-$820 million.
Biogen, GE HealthCare, Ford lead premarket movers on earnings beats
Several companies made notable premarket moves following their latest quarterly reports. Biogen rose 0.7% after beating revenue consensus and raising its full-year adjusted EPS guidance. GE HealthCare Technologies surged 12% on second-quarter adjusted earnings per share of $1.13, topping the FactSet consensus of $1.04, and reaffirmed its 2026 earnings guidance. Ford Motor jumped 6% after beating adjusted earnings expectations and hiking its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Vertiv tumbled 13% as its 17.8% organic revenue growth fell well short of the 23.6% FactSet consensus. Generac gained 5.5% on adjusted earnings of $2.91 per share, beating the $2.01 forecast, and reiterated its revenue growth guidance. Procter & Gamble dropped over 3% after fiscal fourth-quarter revenue of $21.2 billion missed the $21.38 billion LSEG estimate, and net income fell to $3.04 billion from $3.62 billion a year ago. Deutsche Bank rose more than 2% after posting a record second-quarter after-tax profit of 1.9 billion euros. CoStar tumbled 15% on a revenue miss and current-quarter guidance of $935 million to $945 million, below the $967.5 million consensus. Rocky Brands surged 16% as adjusted earnings per share more than tripled year-over-year, aided by tariff refunds and strong double-digit growth in several brands. KLA Corp slid 7% after issuing disappointing guidance, while Seagate Technology rose 6% on an outlook that trounced expectations, and Western Digital gained 4% in sympathy. Manhattan Associates climbed 11% after beating estimates and raising full-year forecasts. Visa lost 2% as its 2026 guidance underwhelmed, and it announced plans to cut about 2,600 jobs. Teradyne surged 9% on beats across second-quarter results and third-quarter forecasts. NXP Semiconductors lost 1.7% as its third-quarter adjusted earnings guidance bracketed the LSEG estimate. Skyworks Solutions slumped 9% after adjusted margin of 44.9% narrowly missed the 45.0% expectation.
Zillow investor deadline in securities fraud class action is August 10
A securities fraud class action has been filed against Zillow Group and certain senior executives, with a lead plaintiff deadline of August 10, 2026. The lawsuit, pending in the U.S. District Court for the Western District of Washington, alleges that Zillow made a $100 million payment to Redfin under an agreement that the FTC later called an unlawful end run around competition, causing Zillow’s Class C shares to drop 16.54% and Class A shares to drop 17.13% on February 11, 2026. Earlier, the FTC’s September 2025 complaint triggered declines of 4.33% and 4.5% respectively, and a May 2026 Reuters report on a court ruling led to further drops of 1.9% and 1.76%. Investors who lost money are encouraged to contact Bleichmar Fonti & Auld LLP before the deadline to seek lead plaintiff appointment.
Z · Regulation · Negative Securities fraud class action filed against Zillow, alleging unlawful payment to Redfin that FTC called anticompetitive, causing stock drops.
CoStar Group Reports Record Revenue of $925 Million in Q2 2026
CoStar Group reported record revenue of $925 million for the second quarter of 2026, an 18% increase year over year. Adjusted EBITDA more than doubled to $184 million, representing a 20% margin, while net income surged 817% from the prior year. Commercial revenue rose 8% to $481 million and residential revenue climbed 33% to $444 million, driven by a 19% increase in CoStar platform subscribers to 327,000. Net new bookings were $69 million, up 3% sequentially but down approximately 26% year over year, reflecting strategic restructuring and competitive pressures. The company revised its full-year revenue guidance to a range of $3.715 billion to $3.755 billion, a 15% increase at the midpoint, and expects full-year adjusted EBITDA between $780 million and $820 million.
Zillow Group faces securities fraud class action over alleged anticompetitive agreement
Kahn Swick & Foti, LLC reminds investors that a securities class action lawsuit has been filed against Zillow Group, Inc. for alleged violations of federal securities laws. The lawsuit claims that Zillow and certain executives failed to disclose that its agreement with Redfin was effectively an acquisition, not a partnership, which materially heightened regulatory and antitrust risks. Investors who purchased Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026 have until August 10, 2026 to file lead plaintiff applications. The case is pending in the United States District Court for the Western District of Washington under the caption Breidert v. Zillow Group, Inc., et al., 26-cv-02016.
CoStar Group guided third-quarter 2026 adjusted EBITDA to a range of $190 million to $210 million while revising its full-year 2026 revenue outlook to $3.715 billion to $3.755 billion. The company reported second-quarter revenue of $925 million, an 18% year-over-year increase, and adjusted EBITDA of $184 million, which more than doubled from the prior year and represented a 20% margin. Full-year adjusted EBITDA guidance was affirmed at $780 million to $820 million, and the revenue revision was attributed to restructuring at Ten-X, sales-force optimization at Homes.com, and a decision to maintain pricing integrity at Apartments.com. CoStar also announced a CFO transition, with Robin Rossmann succeeding Christian Lown, and reiterated that the pending Zonda acquisition is excluded from 2026 guidance.
Ford, Teradyne surge while KLA Corp, CoStar tumble in after-hours trading
Several stocks made big moves in after-hours trading following their latest earnings reports. Ford Motor surged 6% after beating second-quarter adjusted earnings expectations and raising its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Teradyne jumped 14% as both second-quarter results and third-quarter guidance topped FactSet forecasts, while Seagate Technology rose 8% on an outlook that trounced LSEG expectations, lifting Western Digital 4% in sympathy. On the downside, KLA Corp slid 9% after issuing disappointing guidance, CoStar tumbled 12% on a revenue miss and weak current-quarter forecast, and Skyworks Solutions slumped 10% as adjusted margin narrowly missed expectations. Visa lost nearly 2% after its 2026 fiscal-year guidance underwhelmed, despite announcing plans to cut about 2,600 jobs, or roughly 7% of its headcount.
CoStar Group Q2 earnings beat estimates with $0.32 per share
CoStar Group reported quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share and marking a 14.29% earnings surprise. This compares to earnings of $0.17 per share a year ago. The company posted revenues of $925 million for the quarter ended June 2026, missing the consensus estimate by 0.47% but up from $781.3 million a year earlier. CoStar has surpassed consensus EPS estimates in all of the last four quarters. Shares have lost about 56.6% year to date, while the S&P 500 has gained 8.3%.
Ten S&P 500 Stocks Lost Over 40% in 2026 as Investors Dumped Everything AI Might Kill
Ten stocks in the S&P 500 lost more than 40% in 2026 even as the index rose 8.28%, as investors fled companies they believed artificial intelligence would disrupt. Intuit fell 55.27% after cheap AI tax tools emerged, prompting Goldman Sachs analyst Gabriela Borges to cut her price target to $276 from $519 and the company to reduce staff by 17% and lower its TurboTax forecast. Accenture dropped 45.21% as clients shifted spending to AI instead of consultants, with new orders slipping to $19.3 billion from $19.7 billion and the firm cutting its sales growth outlook to between 3% and 4%. Cognizant, Gartner, and The Trade Desk each lost between 44% and 55%, while the two worst performers fell for non-AI reasons: CoStar Group sank 58.86% after saying its Homes.com site would not cover costs until 2029, and Boston Scientific declined 53.59% after cutting its sales growth forecast and recalling Accolade pacemakers linked to four deaths and 2,557 serious injuries. Meanwhile, chip and memory makers surged, with Sandisk up 505.17%, Dell Technologies up 247.55%, and Micron Technology up 222.68%.
Bronstein, Gewirtz & Grossman LLC Files Class Action Against Zillow Group Alleging Securities Fraud
Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Zillow Group and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims that defendants misrepresented the nature of Zillow's agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, and failed to disclose heightened antitrust risk and legal exposure. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm is handling the case on a contingency fee basis.
Rosen Law Firm reminds Zillow investors of August 10 lead plaintiff deadline
Rosen Law Firm reminds purchasers of Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 of the August 10, 2026 lead plaintiff deadline in a securities class action first filed by the firm. The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose that Zillow’s agreement with Redfin Corporation was an acquisition rather than a partnership, exposing Zillow to heightened antitrust risk and regulatory scrutiny, and that Zillow downplayed its legal exposure after an antitrust lawsuit was filed. Investors who purchased Zillow stock during the class period may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs. To serve as lead plaintiff, a motion must be filed with the court no later than August 10, 2026.
Z · Regulation · Negative Lawsuit alleges Zillow misled investors about Redfin acquisition and antitrust risks, with lead plaintiff deadline approaching
Zillow Says 300,000 Vacant Lots for Sale Could Cut U.S. Housing Shortage by 6.3%
Zillow Group Inc. reported that more than 300,000 vacant residential lots are listed for sale across the U.S., representing enough land to reduce the nation's 4.7 million home shortage by 6.3% if one home were built on each lot. The company found 300,242 vacant lots of 5 acres or less listed in June, accounting for 17.4% of all homes and land listings on Zillow. Florida led with 42,601 lots, followed by Texas with 40,907, California with 18,508, North Carolina with 14,226, and Georgia with 10,341. Zillow senior economist Kara Ng called the lots the lowest-hanging fruit in addressing the two-decade-old housing deficit but stressed that loosening zoning rules, streamlining permitting, and expanding financing are needed to make building feasible. The report noted that rural markets held the largest share of vacant lot listings at 25.3%, and the typical lot size of 0.57 acres could often support more than one home, making the 6.3% reduction estimate conservative.
Z · Demand · Positive Zillow's own report highlights a large inventory of vacant lots, which could drive demand for its listing services as builders and buyers seek land.
Zillow sued for securities fraud over alleged anticompetitive agreement with Redfin
A class action lawsuit has been filed against Zillow Group and certain senior executives for securities fraud related to an allegedly anticompetitive agreement with Redfin. The suit, brought by Bleichmar Fonti & Auld LLP, claims Zillow misrepresented a $100 million payment to Redfin as a partnership when it was actually meant to eliminate competition. The FTC filed its own antitrust complaint on September 30, 2025, causing Zillow's Class C and Class A shares to drop 4.33% and 4.5%, respectively. Further declines followed on February 10, 2026, after the CFO warned of higher legal expenses, with Class C shares falling 16.54% and Class A shares falling 17.13%. Investors have until August 10, 2026 to seek lead plaintiff appointment in the case pending in the U.S. District Court for the Western District of Washington.
Z · Regulation · Negative Zillow sued for securities fraud over alleged anticompetitive agreement with Redfin, with FTC antitrust complaint and CFO warning of higher legal expenses.
CoStar Group to Report Q2 Earnings Amid Strong Residential Growth
CoStar Group is set to report second-quarter 2026 results on July 28. The company expects revenues between $922 million and $932 million, representing 18-19% year-over-year growth, while the Zacks Consensus Estimate stands at $929.32 million. Adjusted earnings per share are anticipated in the range of 27 cents to 30 cents, with the consensus at 28 cents, implying a 64.71% increase from the prior-year quarter. Within the overall revenue outlook, commercial revenues are projected at $479-$484 million and residential revenues at $443-$448 million, the latter reflecting a robust 32-34% year-over-year increase. The residential segment is also expected to have returned to profitability, driven by Homes.com and Apartments.com, though macroeconomic headwinds persist.
CSGP · Capital · Positive CoStar Group is reporting Q2 earnings with strong revenue and EPS growth, and residential segment returning to profitability.
ClaimsFiler alerts Zillow investors to August 10 lead plaintiff deadline in securities class action
ClaimsFiler reminds Zillow Group investors that the deadline to file lead plaintiff applications in a securities class action lawsuit is August 10, 2026. The lawsuit covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. Zillow and certain executives are accused of failing to disclose that its agreement with Redfin was an acquisition rather than a partnership, which heightened antitrust risk and led to materially false and misleading statements. The case is Breidert v. Zillow Group, Inc., et al., pending in the United States District Court for the Western District of Washington.
United States
