Jim Cramer’s daily quick look at stocks outside of the CNBC Investing Club portfolio in the news. Carvana: Shares of the online buying and selling platform soared 35% on Thursday following record first-quarter results. Jim Cramer said CEO Ernie Garcia realized that, unlike Wall Street analysts, he felt everything was fine after getting the Apollo funding. “He had this great way of refurbishing cars and selling them at a higher price. He saved people a lot of money.” Etsy: Shares of online marketplace for handmade goods fall after lower-than-expected profits About 17%. Etsy CEO Josh Silverman said his execution was poor. “That’s all you need” to push the stock lower, Cramer said. Cigna: Quarterly earnings growth and guidance hikes buck the trend at some other insurance companies. The stock rose but turned lower. “People hate this group right now,” Kramer said. Wayfair: The online furniture retailer posted better revenue and a smaller loss per share. The stock rose about 11.5%. “Where do you go when you’re short on money?” Kramer asked. “You don’t go to RH (formerly Restoration Hardware). You go to (Wayfair).” Trade Desk: Jefferies upgrades cloud-based ad-buying platform to buy, sees changes “This measures streaming,” Cramer said. “These guys are taking on (Alphabet’s) Google and doing a great job.”
