Retail

Cramer advises Carvana investors lock in gains after dueling analyst calls

0


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…



Source cnbc.com

0 0 votes
Article Rating

Nike, FedEx, Bank of America and more

Previous article

The future of home ownership is Latino

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail