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Opendoor Is Inching Closer to Profitability – Should You Buy the Stock?

TheMotleyFool

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Opendoor Is Inching Closer to Profitability – Should You Buy the Stock?: https://g.foolcdn.com/editorial/images/777785/house-for-sale-2022.jpg

Opendoor (NASDAQ: OPEN) reported first-quarter results that exceeded the high end of the company's own profitability guidance. With management expecting margins to improve in the second quarter, and for sales volume to increase significantly, should you consider buying the stock? In this video, we'll take a look at the latest numbers and the reasons to be optimistic as well as cautious.

*Stock prices used were the morning prices of May 17, 2024. The video was published on May 18, 2024.

Source Fool.com

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