Jim Cramer Says I’m With Trump & Discusses These 12 Stocks

8. Carvana Co. (NYSE:CVNA)

Number of Hedge Fund Holders In Q4 2024: 84

Carvana Co. (NYSE:CVNA) is a new-age used car retailer whose stock has traded as a meme stock at one point. Its hypothesis is linked to new car sales, car prices, inflation, and interest rates in America. Year-to-date, the shares are flat after a selloff in February that started after its revenue per retail vehicle sold dropped. Here are Cramer’s thoughts about Carvana Co. (NYSE:CVNA):

“[On a recent upgrade] Oh I thought that was so right. They waited until it came down. It did come down a lot. And there’s another one that I think the gross margins are going higher. It’s a remarkable presence in so many different cities and they’ve lowered the price of how much it costs to be able to fix the car. They sped up. . .but Ernie Garcia, you can buy the car, sell it, I mean. . .I think Ernie’s remarkable and he braved a lot of short sellers, and he came out on top.”