Jim Cramer on Carvana: "It Just Keeps Winning"

Carvana Co. (NYSE:CVNA) is one of the stocks that Jim Cramer spoke about. Cramer highlighted that he has been recommending the stock for a couple of years. He commented:

“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%.”

Carvana (NYSE:CVNA) runs an e-commerce platform that enables customers to buy and sell used cars. The company provides services such as vehicle sourcing, inspections, financing, logistics, and post-sale support, and also operates auction sites.

While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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