Carvana Co. (CVNA)’s CEO Is “A Champion,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed As He Revealed How To Become ‘King’ Of AI. Carvana Co. (NYSE:CVNA) is one of the stocks Jim Cramer recently discussed.

Carvana Co. (NYSE:CVNA) is an online car retailer, which is one of the hottest stocks in its sector. Its shares have gained 78% year-to-date. The shares jumped by a strong 17% in July after the firm revealed that it sold 143,280 cars in its second quarter to mark a 41% annual growth. The strong sales also pushed Carvana Co. (NYSE:CVNA)’s revenue to a record $4.84 billion for a stunning 40% annual growth. Safe to say, Cramer is a fan of Carvana Co. (NYSE:CVNA):

“And then there are other companies that are just doing things with their business model that are extraordinary. For instance, I have Carvana on tonight. . .That’s the company you’d buy the car and they’d give you a guarantee, they’re very inexpensive to buy.

“Ernie’s a champion, I reccomended that stock in the single digits.”

Here is what he said about Carvana Co. (NYSE:CVNA) later during the day on Mad Money:

“Look at the stock of the Carvana run. Now, I’ve been recommending this digital used car retailer for over two years now, and it just keeps winning. In fact, the stock’s now more than doubled, at least from its post-Liberation Day low in April, and it never should have sold off like that because, in the first place, President Trump’s tariffs on imported autos make used cars a lot more valuable. Sure enough, last night Carvana reported a magnificent top and bottom line beat, tremendous guidance for the current quarter, which is why the stock shot up another 17%.”

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