Shares of CoStar Group, Inc. (NASDAQ:CSGP), a real estate information and marketing services company, increased on outstanding financial results. Revenue growth accelerated to 25%, margins expanded 14% year-over-year, and earnings almost tripled. CoStar grew in its core commercial real estate market and captured share in the multifamily space. We believe CoStar is poised to generate accelerating organic revenue growth and significant margin expansion as it leverages recent investments in sales headcount, product expansion, and multifamily marketing. (Neal Rosenberg)
Baron Focused Growth Fund second quarter 2016 commentary.
