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Is Opendoor Making a Turnaround?

This could be a home-run stock if the company figures out the home-flipping business.

By Travis Hoium – May 11, 2023 at 7:15AM EST

Opendoor's (OPEN 2.85%) results gave investors a little reason for optimism in the first quarter, and if a new buying model works as planned, this could be a great stock. In this video, Travis Hoium highlights what to like and what to be skeptical of in the results.

*Stock prices used were end-of-day prices of May 8, 2023. The video was published on May 9, 2023.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Zillow Group. The Motley Fool has positions in and recommends Opendoor Technologies and Zillow Group. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Opendoor Technologies Stock Quote
Opendoor Technologies
NASDAQ: OPEN
$4.62
(-2.64%)-$0.13
Zillow Group Stock Quote
Zillow Group
NASDAQ: Z
$41.46
(+2.12%)+$0.86

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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