Vulcan Exit Puts CoStar Buyback And Homes.com Spending Under Scrutiny
Vulcan Value Partners has publicly exited CoStar Group (NasdaqGS:CSGP), criticizing continued heavy investment in Homes.com.
This follows Third Point's earlier exit and adds pressure on CoStar's management over capital allocation choices.
CoStar has announced a $1.5b share repurchase program and highlighted a renewed focus on its core commercial real estate operations.
For investors watching CoStar Group at a share price of $36.44, this comes after a sharp reset in market value. The stock...
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