Here’s What Pressured CoStar Group (CSGP) in Q1

1 week ago 6

Soumya Eswaran

Wed, April 29, 2026 astatine 7:42 AM CDT 3 min read

Polen Capital, an concern absorption company, released its “Polen Focus Growth Strategy” first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The archetypal 4th of 2026 was highly volatile for US equities, driven by AI disruption concerns and the US-Israel struggle successful Iran and the Middle East. In this backdrop, the Polen Focus Growth Strategy declined 17.16% successful the quarter, compared to a -9.78% instrumentality for the Russell 1000 Growth and -4.33% instrumentality for the S&P 500. The Strategy focuses connected mission-critical businesses with recurring gross and competitory advantages and capitalizes connected the volatility to summation investments successful bundle and semiconductor companies. The Strategy remains assured successful the semipermanent imaginable of the Portfolio, emphasizing businesses with beardown economical moats, robust equilibrium sheets, and multi-year net growth. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Polen Focus Growth Strategy highlighted stocks similar CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services supplier for commercialized and residential spot markets. On April 28, 2026, CoStar Group, Inc. (NASDAQ:CSGP) closed astatine $35.96 per share. One-month instrumentality of CoStar Group, Inc. (NASDAQ:CSGP) was -9.26%, and its shares mislaid 51.52% implicit the past 52 weeks. CoStar Group, Inc. (NASDAQ:CSGP) has a marketplace capitalization of $15.24 billion.

Polen Focus Growth Strategy stated the pursuing regarding CoStar Group, Inc. (NASDAQ:CSGP) successful its Q1 2026 capitalist letter:

"CoStar Group, Inc. (NASDAQ:CSGP) has travel nether unit from a operation of the antagonistic AI communicative connected bundle arsenic good arsenic its ample concern successful its Homes.com concern that has driven institution margins overmuch little than normal. We judge CoStar has heavy domain expertise and information successful commercialized and residential existent property that is not replicable by ample connection models scraping the internet. And portion we person immoderate interest astir the level of walk connected Homes.com, we admit that astir of that superior has already been allocated and the gross and nett expectations going guardant from present look acold better. In fact, we expect CoStar to beryllium 1 of, if not the fastest increasing institution successful the Portfolio implicit the adjacent 3 to 5 years based connected net per share. We added to our presumption present during the quarter."

Was Jim Cramer Right About CoStar Group, Inc. (CSGP)?

CoStar Group, Inc. (NASDAQ:CSGP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge money portfolios held CoStar Group, Inc. (NASDAQ:CSGP) astatine the extremity of the 4th quarter, up from 57 successful the erstwhile quarter. While we admit the imaginable of CoStar Group, Inc. (NASDAQ:CSGP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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