Jim Cramer on Carvana: “I Would Not Abandon Ship”

Carvana Co. (NYSE:CVNA) is one of the stocks Jim Cramer answered questions about. A caller asked what they should do with their position in the stock, noting that they have incurred losses as the stock has been declining since the end of January. Cramer 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.

A stock market graph. Photo by energepic.com

Carvana Co. (NYSE:CVNA) operates an online platform for buying and selling used cars and also runs auction sites. A caller asked for Cramer’s thoughts on the stock during the December 10, 2025, episode, and Cramer replied:

Here’s the answer about Carvana: the stock is going higher. Now, it may not just continue to go higher because it just had a huge run, but I have been behind this stock since it was a teenager, and I’m continuing to do so. I think Ernie Garcia has a better model than anybody else.

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.

READ NEXT:  33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None.  Follow Insider Monkey on Google News.