Opendoor's (OPEN -1.91%) 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.