Stock Track | Opendoor Technologies Soars 5.10% in Intraday Trading on Strong Opendoor 2.0 Margin Performance

Stock Track02-23 22:34

Opendoor Technologies Inc (OPEN) saw its stock price soar 5.10% during intraday trading on Monday, reflecting significant investor interest in the company.

The price movement appears to be driven by investor optimism following the company's latest earnings report, which highlighted strong operational improvements despite wider financial losses. The report revealed that Opendoor's "Opendoor 2.0" model delivered the strongest contribution margins in the company's history, alongside a 46% quarter-over-quarter jump in home purchases and faster inventory turnover.

Management emphasized these operational gains as part of a plan targeting positive adjusted net income by the end of 2026, which may have offset concerns about the company's wider GAAP losses reported for Q4 2025 and full-year 2025.

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