{"id":130066,"date":"2021-06-25T00:10:58","date_gmt":"2021-06-25T00:10:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130066"},"modified":"2021-06-25T00:10:58","modified_gmt":"2021-06-25T00:10:58","slug":"cramer-advises-carvana-investors-lock-in-gains-after-dueling-analyst-calls","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/cramer-advises-carvana-investors-lock-in-gains-after-dueling-analyst-calls\/","title":{"rendered":"Cramer advises Carvana investors lock in gains after dueling analyst calls"},"content":{"rendered":"<ul>\n<li>&quot;Carvana&#x27;s [stock has] come roaring back lately, but this is the rare turbo-charged growth name that&#x27;s actually somewhat hostage to the broader economy,&quot; CNBC&#x27;s Jim Cramer said.<\/li>\n<li>The comments come one day after Carvana, an online used car marketplace, was the target of conflicting analyst recommendations from Jefferies and JPMorgan.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>CVNA<\/span><\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer on Thursday advised Carvana shareholders to lock in gains after a big surge in the stock.<\/p>\n<p>&quot;I still think Carvana&#x27;s a great long-term story, and I&#x27;d never recommend shorting the stock. But if you&#x27;ve owned it for this terrific run, maybe &#8230; take some off the table as used car sales are showing signs of slowing in price increases,&quot; he said on &quot;Mad Money.&quot;<\/p>\n<p>&quot;Carvana&#x27;s [stock has] come roaring back lately, but this is the rare turbo-charged growth name that&#x27;s actually somewhat hostage to the broader economy,&quot; he added.<\/p>\n<p>The comments come one day after Carvana, an online used car marketplace, was the target of conflicting analyst recommendations. <\/p>\n<p>In a note out Tuesday, investment bank Jefferies kept its buy rating and raised its price target on Carvana shares to $400 from $375. Jefferies cited a low supply of used cars across the industry and strong demand. Meanwhile, JPMorgan downgraded the stock to neutral from overweight, though it kept its price target at $325 per share.<\/p>\n<p>Carvana&#x27;s stock closed at $304.51 on Thursday, up 43% from a 2021 low of $219.40 in May. Shares peaked at $323.39 after rallying from less than $30 apiece at the start of Covid-19 lockdowns in the U.S. last year.<\/p>\n<p>&quot;I&#x27;m leaning toward JP Morgan&#x27;s suddenly more bearish perspective in part because it seems more forward-looking than the more bullish analysis from Jefferies,&quot; Cramer said.<\/p>\n<p>&quot;When you look closely at the Jefferies [data], it sure looks like April was better than May, which was better than June,&quot; he continued. &quot;That&#x27;s called cadence, and the cadence of the quarter is going in the wrong direction. That jives with what I&#x27;ve heard from the rest of the industry.&quot;<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/24\/cramer-advises-carvana-investors-lock-in-gains-after-dueling-analyst-calls.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&quot;Carvana&#x27;s [stock has] come roaring back lately,<\/p>\n","protected":false},"author":3,"featured_media":130065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer advises Carvana investors lock in gains after dueling analyst calls - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/cramer-advises-carvana-investors-lock-in-gains-after-dueling-analyst-calls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer advises Carvana investors lock in gains after dueling analyst calls - 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