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Carvana Co

CarMax Stock Drops Over 20% After Weak Earnings Report

by Priya Shah – Business Editor September 25, 2025

written by Priya Shah – Business Editor

CarMax Stock Drops After Disappointing Quarterly Results

NEW YORK – September 25, 2024 ‌- Shares of CarMax Inc. plunged on Thursday after the company⁣ reported quarterly earnings that fell short of Wall‍ Street expectations, signaling potential⁤ headwinds⁢ for the broader ‍automotive retail sector. The stock‍ decline‌ triggered‌ a ripple effect, pulling down shares of ⁤other major car retailers.

carmax reported adjusted earnings ⁤per share and revenue figures that missed analyst ⁢forecasts. while the company noted it was in‌ a ”better position” with inventory and pricing at the start of the quarter,⁤ investors reacted negatively too the overall financial performance.

The company’s results are ⁣closely watched by⁤ industry observers as an ‌early indicator of how other car retailers are performing. Following CarMax’s report, shares⁣ of Group 1 Automotive, Autonation, Sonic ‌Automotive, ⁤Carvana,‌ and ‌Lithia ⁢Motors all experienced declines, falling by roughly 5% or less during intraday ⁤trading midday Thursday.

September 25, 2025 0 comments

World

Opendoor Stock Rockets After CEO Shakeup and Shopify Appoints New Leader

by Priya Shah – Business Editor September 11, 2025

written by Priya Shah – Business Editor

Opendoor Stock‍ Jumps 65% on CEO announcement

NEW⁢ YORK – September 11, 2025 – Shares of Opendoor Technologies Inc. (OPEN) surged 65% today, closing at $7.18, following the announcement of Thomas Kurian as the company’s new Chief Executive Officer, effective September 16, 2025. The dramatic increase marks ‍the largest ‍single-day percentage gain for the stock since its public debut in December 2020.

The leadership change arrives as Opendoor navigates a challenging housing market and seeks to regain investor confidence.Kurian, formerly the CEO of ⁢Google Cloud, ⁣brings extensive experience in⁢ scaling technology businesses and a⁤ proven track⁣ record of operational execution. His appointment signals a strategic shift for the iBuying‍ company,which has faced headwinds ‍from rising interest rates and a⁤ slowdown in home sales. The move is expected to reassure investors concerned about Opendoor’s profitability‍ and long-term viability in a rapidly evolving real estate landscape.

Eric Wu, Opendoor’s co-founder and current CEO, will transition to the role of Executive Chairman of the Board. He stated the decision was made in collaboration with the board to accelerate ⁤the company’s growth and capitalize on emerging opportunities. “Thomas is a world-class leader with a deep understanding of technology and a demonstrated ‍ability to build and scale accomplished businesses,”⁣ Wu said in a press release. “I am ⁤confident that under ⁤his leadership, ‌Opendoor will ⁢achieve its full potential.”

Kurian’s arrival is anticipated to focus on streamlining operations, enhancing the company’s technology platform, and improving its financial performance. Opendoor has⁤ experienced significant losses in recent quarters as it grapples with the costs of buying and selling homes, alongside fluctuating market conditions. Investors are ⁣hopeful that Kurian’s expertise ⁢will help the company navigate these challenges and establish a lasting path to profitability.

September 11, 2025 0 comments

World

Opendoor Stock Soars on Hedge Fund Manager’s Bold Prediction

by Priya Shah – Business Editor July 20, 2025

written by Priya Shah – Business Editor

Analyst Projects Opendoor Valuation to Soar, Citing Market Position and Growth Potential

an analyst has projected that Opendoor’s stock could reach $82 per share, a notable increase that would value the company at approximately $60 billion. This projection is based on the company’s potential to achieve multiples similar to those of industry peers like Zillow and Carvana,which currently trade at 4 to 7 times forward revenue. Opendoor’s current forward price-to-sales ratio is considerably lower, under 1.

This optimistic outlook comes as competitors Zillow and Redfin have exited the instant-buying home market. This strategic shift leaves Opendoor with minimal competition in offering homeowners a streamlined online cash sale process, bypassing traditional, lengthy sales and closing procedures.

The analyst’s model anticipates that opendoor’s revenue growth and expanding market share will pave the way for sustained profitability.This, in turn, is expected to drive investor sentiment and lead to a re-evaluation of the company’s market multiple. The analyst specifically cited Carvana’s trajectory as a benchmark, suggesting that Opendoor can similarly demonstrate a permanent shift towards profitability, thereby justifying a higher valuation.

The analyst, who has been actively sharing insights on the social media platform X, recently detailed a personal challenge where 99.5% of his assets under management (AUM) disappeared in 2022 after his primary investor withdrew. He described this period as a near shutdown of his fund, even with encouragement from his wife and accountant to do so. He is now leveraging his recent social media engagement to attract investment, while also transparently acknowledging the inherent risks involved. He emphasized that his reputation is paramount and contingent on his ability to consistently identify strong investment opportunities.

July 20, 2025 0 comments