We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Carvana Co. (NYSE:CVNA) is one of the stocks discussed by Jim Cramer.
Used car retailer Carvana Co. (NYSE:CVNA)’s stock is up by 69% over the past year and by a more modest 2% year-to-date. JPMorgan discussed the firm on April 2nd as it cut the share price target to $455 from $490 and kept an Overweight rating. Some of the factors that JPMorgan discussed included rising fuel costs, which the bank worried could affect Carvana Co. (NYSE:CVNA)’s margins. In March, William Blair discussed the firm and maintained an Overweight rating. It outlined that the car retailer expects to grow its retail units by 20% to 40% in over the next four to ten years. Cramer likened Carvana Co. (NYSE:CVNA)’s stock to a springed coil:
“A lot of times what you want to do in these kind of markets you want to look at stocks that are heavily shorted that can really do benefit from lower rates that have been pressed down. And that comes out to be Carvana. Now it’s up 20, that’s not my style. Ernie Garcia still hitting the numbers, stock’s down almost 10%. That’s just the kind of thing that a coiled spring works, it just works.”
Photo by Nima Sarram on Unsplash
Carillon Eagle Mid Cap Growth Fund discussed Carvana Co. (NYSE:CVNA) in its Q1 2026 investor letter:
“Carvana Co. (NYSE:CVNA) is an online used car retailer that enables customers to buy, sell, and finance vehicles through a fully digital platform. The stock sold off on quarterly results. While new units and revenue were strong, profitability trailed expectations. Costs associated with refurbishing vehicles rose more than expected. This cost issue is likely to take at least a quarter to regain control and in the near term takes the luster away from very strong unit growth.”
While we acknowledge the risk and potential of CVNA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVNA and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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