Should You Buy Opendoor Stock Before Feb. 19?

Core Viewpoint - Opendoor Technologies is showing signs of progress under new CEO Kaz Nejatian, with a focus on restructuring and improving operational efficiency despite challenges in the real estate market [1][5]. Company Performance - The stock price of Opendoor rose significantly in 2025, increasing by 1,800% in less than three months, but has since declined [1]. - The company is set to report its fourth-quarter earnings on February 19, marking the first full quarter under the new CEO [2]. - Revenue has declined by 34% year over year in the third quarter, with inventory dropping from 6,288 to 3,319 homes [6]. Strategic Changes - Nejatian is implementing changes such as cutting costs, utilizing artificial intelligence, and focusing on increasing transaction volume [5]. - The company has shifted responsibilities back to management from outside consultants, aiming for better internal control [5]. Market Conditions - The iBuying model of Opendoor has struggled due to high mortgage rates, although there are signs that the market may be improving [4]. - Weekly homes under contract have shown an upward trend, with a peak of 303 contracts in the last week of January [9]. Investor Insights - A new website has been launched for investors to track real-time progress, providing updates on contracts and operational improvements [9]. - The current market cap of Opendoor is $4.2 billion, with a gross margin of 8.01% [8].