Carvana Co. (CVNA) “Goes Higher,” Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed As He Talked About Record Bitcoin Price. Carvana Co. (NYSE:CVNA) is one of the stocks Jim Cramer recently discussed.

Carvana Co. (NYSE:CVNA) is a used car retailer. It’s one of the best-performing stocks in 2025 so far, as the shares have gained a strong 72% year-to-date. Carvana Co. (NYSE:CVNA)’s stock has benefited from positive attention from analysts at Morgan Stanley and Piper Sandler, along with investors piling into used car stocks due to inflationary worries stemming from tariffs. Cramer’s previous remarks about Carvana Co. (NYSE:CVNA) have praised the firm’s business model and warned against detractors. His latest comments kept the optimism:

“We did a piece last night about how it’s not too late. Carvana is still the best. Carvana only has one percent of the market. The market’s the biggest of any market in the world. It’s a 50 trillion dollar market.  I think that you want to be in Carvana even up here. And I know Ernie Garcia II is selling the stock, he’s been selling it before. Ernie Garcia III I think is a great visionary, he doesn’t get credit for it. Carvana goes higher.

“When it was like three dollars we had him on, it was like this thing is a juggernaut, when Apollo came in and gave them the money. So it could be even more than that.”

A customer buying a used car with the help of a finance specialist.

Here’s what Cramer previously said about Carvana Co. (NYSE:CVNA):

“I like it now. You always get it, look, there’s always some guy who wants to take it down. Now those of you who remember, we went long [on] Ernie Garcia, he’s the CEO, in these single digits. I said I had enough. This model’s great. I had bought a car with it.

It was an amazingly smooth transaction. I became a believer, and I have not backed away for one minute, and Ernie knows that. And I’m very proud of it, and we’ve been supporting it, and here it is at 305. Every time it’s gone down, like McDonald’s, we say buy. I mean, it’s just a terrific situation.”

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Disclosure: None. This article is originally published at Insider Monkey.