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Why CoStar Group Stock Soared 77% in 2019


Shares of CoStar Group (NASDAQ: CSGP), which provides data and marketing services to the multifamily and commercial real estate industry, rocketed 77.4% in 2019, according to data from S&P Global Market Intelligence. That performance made it one of the year's better-performing large-cap tech stocks. For context, the S&P 500 index returned 31.5% in 2019.

CoStar stock is a superstar so far in 2020: It's up 7.9% through Jan. 10, compared with the S&P 500's 1.1% return.

Image source: Getty Images.

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Source Fool.com

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