CNBC’s Jim Cramer on Thursday advised Carvana shareholders to lock in gains after a big surge in the stock.
“I still think Carvana’s a great long-term story, and I’d never recommend shorting the stock. But if you’ve owned it for this terrific run, maybe … take some off the table as used car sales are showing signs of slowing in price increases,” he said on “Mad Money.”
“Carvana’s [stock has] come roaring back lately, but this is the rare turbo-charged growth name that’s actually somewhat hostage to the broader economy,” he added.
The comments come one day after Carvana, an online used car marketplace, was the target of conflicting analyst recommendations.
In a note out Tuesday, investment…