Jim Cramer Recently Talked About These 9 Stocks

7. OPENLANE, Inc. (NYSE:KAR)

Number of Hedge Fund Holders: 33

OPENLANE, Inc. (NYSE:KAR) was mentioned during the episode, and here’s what Cramer had to say:

“Alright, KAR is a really, really good company. And because you are so kind and new to investing, can I just say that Carvana is real good too? We like Carvana in the single digits. Because I bought one and didn’t like it, tossed it back. It’s a great company.”

OPENLANE (NYSE:KAR) operates a digital platform that connects buyers and sellers of used vehicles. It offers services like logistics, inspections, and financing to support dealers and other vehicle sellers. White Brook Capital Partners stated the following regarding OPENLANE, Inc. (NYSE:KAR) in its Q4 2024 investor letter:

“OPENLANE, Inc. (NYSE:KAR) had a solid 2024. Similar to Greenbriar the company has executed well, increasing gross margins at low volumes, while operating in an industry trough. 2025 should see vehicle volumes continue the late 2024 uptrend and there’s no reason to believe that the market share gains experienced in 2024 shouldn’t continue. Also during late 2024, the Company held an investor day that highlighted the Company’s financing business. It appears the Company believes, as I do, that either its digital wholesale used car auction business is severely undervalued or its leading secured lending financing business is. At the investor day, the Company changed and added to its disclosure in order to help the market recognize the value of the asset. Despite protestations. I believe that should the Company not achieve better recognition of this business, management would be willing to separate and sell it in part or whole. If it gets the “right” valuation for the division, the stock is severely undervalued at the current price.”