Jim Cramer’s Recent Thoughts on These 15 Stocks

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3. Carvana Co. (NYSE:CVNA)

Number of Hedge Fund Holders: 84

When a caller inquired about Carvana Co. (NYSE:CVNA), Cramer commented:

“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.”

Carvana (NYSE:CVNA) runs an online platform where people can buy and sell used cars. The company provides services like inspections, financing options, shipping, and customer service. The company also manages car auction websites.

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