7 Stocks on Jim Cramer’s Radar

4. ThredUp Inc. (NASDAQ:TDUP)

Number of Hedge Fund Holders: 31

ThredUp Inc. (NASDAQ:TDUP) is one of the stocks on Jim Cramer’s radar. Cramer noted that the company loses money and is not expected to be profitable for the next couple of years, as he remarked:

“Next up, also in late October, Jeff in California asked about ThredUp, which is an online consignment store and one of the world’s largest resale platforms for apparel, shoes, and accessories. This one came public during the pandemic year of bull market in early 2021, but its stock plunged 98% from its 2021 highs to its lows 13 months ago. Similar trajectory to the RealReal. Now, it seems these stocks are hot again, at least the ones that are left. ThredUp’s rallied over 300% in the past year.

Stock started running late last year just after the election, which makes me think people were betting on it as a tariff play. The tariffs make new stuff more expensive, which makes resale products more enticing. ThredUp’s certainly moving in the right direction. After a down year in 2024, revenue’s growing again, and they’re on track to put up 19% growth this year. Their EBITDA’s turned positive, too. That said, the company’s still overall losing money, and it’s not expected to become profitable till 2028. Given its $928 million market capitalization, I don’t feel comfortable recommending this one, as it’s never turned a profit since coming public.”

ThredUp Inc. (NASDAQ:TDUP) runs an online resale platform that allows consumers to buy and sell secondhand clothing, shoes, and accessories.