Is Opendoor Stock a Buy After Skyrocketing Last Week?

Group 1 - Opendoor Technologies appointed Kaz Nejatian as CEO and reintroduced co-founders Keith Rabois and Eric Wu to the board, leading to a significant increase in share price [1][6] - The leadership change is aimed at enhancing the company's focus on AI-powered tools to simplify the home buying and selling process [2][5] - The company secured a $40 million equity investment from Khosla Ventures and Wu, providing additional capital to support its growth strategy [1][6] Group 2 - In Q2 2025, Opendoor reported approximately $1.6 billion in revenue, showing modest year-over-year growth and a significant increase from Q1 [7] - The company achieved a gross profit of $128 million and recorded its first quarter of adjusted EBITDA profitability since 2022, amounting to $23 million, while reducing its GAAP net loss to $29 million [8] - Management emphasized the success of its agent-led distribution strategy, which aims to serve more sellers with lower capital requirements [8]