Can Opendoor's Contribution Margins Withstand Housing Headwinds?

Key Takeaways Opendoor's Q2 contribution profit hit $69M with a 4.4% margin, down from 6.3% last year.Management guides Q3 margins at 2.8-3.3%, with Q4 pressured by older home resales.Cash Plus and agent-driven listings aim to cut capital intensity and lift profitability.Opendoor Technologies Inc. (OPEN) is placing emphasis on profitability discipline as contribution margins emerge as a central focus of its business model transition. In the second quarter, the company reported a contribution profit of $69 m ...