After a 42% Rally, Is Opendoor the Next Carvana and a Buy?

Key Takeaways OPEN shares surged 42.7% as retail traders on Reddit fueled interest in the struggling iBuying platform. The company posted Q1 gross profit of $99M on $1.2B revenues, narrowing its net loss from the prior year. Opendoor faces high debt and housing market risks, despite a potential shift to agent-assisted transactions.Opendoor Technologies Inc. (OPEN) shares have strengthened as retail investors piled on to the meme stock, hoping for a recovery similar to Carvana Co. (CVNA) despite housing ma ...