Jim Cramer Says "Carvana Will Blow the Doors off When It Reports"

Carvana Co. (NYSE:CVNA) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer mentioned the company during the episode and stated:

“I also think the heavily shorted Carvana will blow the doors off when it reports Wednesday night. I saw another short story report about it. You know it’s getting tiresome.”

Carvana Co. (NYSE:CVNA) operates an online platform for buying and selling used cars and also runs auction sites. During the July 31 episode, Cramer said that the stock “just keeps winning,” as 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%.”

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.

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