Jim Cramer Notes “Carvana Was a Great Buy for Us”

Carvana Co. (NYSE:CVNA) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. When a caller mentioned the stock during the episode, Cramer said, “Carvana was a great buy for us. Great buy that we got. Garcia did a good job for us.”

A stock market data. Photo by AlphaTradeZone on Pexels

Carvana Co. (NYSE:CVNA) operates an online platform for buying and selling used cars and also runs auction sites. During the March 11 episode, a caller noted their losses in the stock and asked Cramer what they should do with their position. The Mad Money host replied:

Well, you know, Carvana’s a very good company. It does have periodic plunges, and then they do the thing that they do, which is to have a great quarter. I have been a believer in Ernie Garcia since the stock was single digits… I’m not backing away. I’m not saying buy some, but I’m saying I would not abandon ship.

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