Opendoor's Business Is Clearly Improving -- Should You Buy the Stock Now?

By Matt Frankel and Tyler Crowe – Feb 28, 2024 at 6:08AM

NASDAQ: OPEN

Opendoor Technologies

Market Cap

$1B

Today's Change

(3.38%) $0.07

Current Price

$2.14

Price as of April 26, 2024, 4:00 p.m. ET

The iBuying leader is doing a good job of improving profitability in a difficult real estate market.

Opendoor (OPEN 3.38%) isn't a profitable business yet, but it is certainly starting to show a path to get there. In this video, Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe discuss the latest numbers, their reaction to the company's efforts to improve profitability, and more.

*Stock prices used were the afternoon prices of Feb. 22, 2024. The video was published on Feb. 23, 2024.

Matt Frankel has positions in Offerpad Solutions, Redfin, and Zillow Group. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lennar, Offerpad Solutions, Opendoor Technologies, Redfin, and Zillow Group. The Motley Fool recommends the following options: short February 2024 $8 calls on Redfin. The Motley Fool has a disclosure policy.

Matthew Frankel 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.