CSGP News & Events

CoStar Group issued the following statement: "Contrary to D. E. Shaw's misleading claims, CoStar Group has never reported Homes.com results as a separate segment. CoStar Group changed our reporting segments from geography-based to product portfolio-based to align with how we run our business. Our new segment disclosure actually offers more transparency by providing audited revenue, EBITDA, Adjusted EBITDA and margin disclosures for both the Residential and Commercial segments in our recent 10-K, as well as continuing to provide disaggregated revenue disclosures. Investors should expect similar Homes.com disclosures on our earnings calls that CoStar Group has always provided to stockholders. If D. E. Shaw is worried about transparency, it should start with itself. D.E. Shaw has never disclosed its economic exposure to CoStar Group, or even if it is a net long investor. Public filings suggest D. E. Shaw owns just 0.22% of CoStar Group's common stock, but almost 4x that value in CoStar Group competitors1 who would directly benefit from D. E. Shaw's push for us to abandon Homes.com and eliminate the fastest growing residential real estate platform in the industry. CoStar Group stockholders should ask if D. E. Shaw's real agenda is to unlock value through its investment in CoStar Group or in our competitors at the expense of CoStar Group stockholders. CoStar Group has also added Clare Locke, LLP, a leading litigation boutique representing clients in complex defamation matters and high-profile reputational attacks, to bolster its team of advisors, including Goldman Sachs & Co. LLC, as financial advisor, Latham & Watkins LLP as legal counsel, and Joele Frank, strategic communications advisor."

Notable gainers among liquid option names this morning include Best Buy (BBY) $65.53 +3.94, Target (TGT) $118.34 +5.17, CF Industries (CF) $105.78 +1.48, CoStar Group (CSGP) $45.72 +0.55, and CBOE Holdings (CBOE) $300.38 +2.89.

Volatility surged on Monday following U.S.-Israeli strikes on Tehran this weekend, resulting in the death of Iran's leader Khamenei while blowing a gaping hole into an already teetering Middle East power balance.   Energy was by far the strongest sector in the S&P 500 as WTI Crude Oil prices spiked by nearly 10% well above $70 per barrel, though the Treasury market was also hardly a beneficiary of safe-haven flows as investors recalibrated the inflationary impact of costlier gas prices into more complicated assumptions for Fed easing.   Industrials also outperformed as Defense names rallied, though Consumer stocks - particularly airlines and cruise lines - buckled under the weight of lower discretionary spending implications of a higher price tag at the pump.  The Vix briefly topped the 25-hangle - the highest level since November.Stocks bounced from the gap lower Monday morning, though the evening session is seeing uneasiness persist as investors mull the implications and assess the likely duration and the potential range of macroeconomic outcomes as the conflict unfolds.  S&P e-minis and Nasdaq 100 futures  are off by more than 0.2%.  In commodities, Gold - already the beneficiaries of geopolitical turbulence - also remains bid above $5,370 per ounce, while  Crude Oil remains north of $71 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Ousterup 19.4%LendingTreeup 12.6%Ingram Microup 9.8%Plug Powerup 8.8%Dave Inc.up 8.4%Asanaup 5.8%Amerescoup 3.4%Core Scientificup 3.1%ALSO HIGHER -CoStar Groupup 3.0% after insider BuyDOWN AFTER EARNINGS -MongoDBdown 23.7%Surgery Partnersdown 22.7%Harrowdown 13.2%Credo Technologydown 7.4%Nuvation Biodown 6.7%Power Solutionsdown 5.8%Limbach Holdingsdown 5.3%Archer Aviationdown 4.7%Quantum Computingdown 2.8%Senseonics Holdingsdown 2.2%ALSO LOWER -H2O Americadown 2.8% after equity offering