CoStar Group (CSGP) Recasts Homes.com Leadership After Profit Milestone While Valuation Debate Builds

CoStar Group (CSGP) has put a fresh leadership piece in place, naming portal veteran Felix Kusch president of Homes.com after the unit delivered its first profitable quarter and 66% year-over-year revenue growth. Investors have seen mixed signals around CoStar Group recently, with the 7-day share price return of 4.0% contrasting with a year-to-date share price decline of 52% and a 1-year total shareholder return down 64%. This suggests pressure on sentiment even as Homes.com posts improving...