Why Is Opendoor (OPEN) Stock Rocketing Higher Today [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
that beat analysts' revenue and adjusted EBITDA expectations, with the latter beating by a convincing amount. The top line benefited from strong acquisition volumes as Opendoor acquired 3,458 homes in Q1 (up 98% versus Q1'2023). The momentum is expected to extend to Q2, given seasonality tailwinds, which should result in home purchases of over 4,500 homes. While its revenue guidance for the next quarter was underwhelming, adjusted EBITDA guidance for the period was well above. Overall, we think this was a really good quarter that should please shareholders. Is now the time to buy Opendoor? Access our full analysis report here, it's free What is the market telling us: Opendoor's shares are very volatile and over the last year have had 83 moves greater than 5%. But moves this big are very rare even for Opendoor and that is indicating to us that this news had a significant impact on the market's perception of the business. Opendoor is down 42.8% since the beginning of the year, a
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News
- Wages are keeping up with rent in only these 6 large US cities [Yahoo! Finance]Yahoo! Finance
- Khosla Ventures, Pear VC triple down on Honey Homes, a smart way to hire a handyman [TechCrunch]TechCrunch
- Unmarried millennials are twice as likely as boomers to buy homes solo—and 10 times as likely to buy with a friend [Yahoo! Finance]Yahoo! Finance
- Unmarried millennials are twice as likely as boomers to buy homes solo—and 10 times as likely to buy with a friend [Fortune]Fortune
- 4 Home Features Buyers Are Paying Top Dollar for This Spring [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- 5/6/24 - Form SC
- OPEN's page on the SEC website