Advertisement
Australia markets closed

  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     

  • AUD/USD

    0.6424
    -0.0021 (-0.32%)
     

  • ASX 200

    7,612.50
    -140.00 (-1.81%)
     

  • OIL

    85.79
    +0.38 (+0.44%)
     

  • GOLD

    2,389.50
    +6.50 (+0.27%)
     

  • Bitcoin AUD

    98,675.21
    -5,001.44 (-4.82%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Jim Cramer on Zillow: Call me Spencer Rascoff

Fred Imbert
Updated
Adam Jeffery | CNBC. Zillow has a lot of room to run, and its latest quarterly report shows that, CNBC's Jim Cramer says.

Zillow (NASDAQ: ZG) has a lot of room to run, and its latest quarterly report shows that, CNBC's Jim Cramer said Wednesday.

"This was a remarkable quarter, and it put to rest a lot of issues. I now look at the arc of what happened — they bought Trulia — and was truly a bad acquisition at the time because there was a big [government] delay," Cramer said on " Squawk on the Street ." "By the time it finally closed, [CEO Spencer] Rascoff had a lot of problems; now they're all behind them."

While the company reported mixed quarterly results, the stock rose nearly 15 percent in midday trading amid a better-than-expected second-quarter revenue outlook.

"Call me Spencer" Cramer said, referring to Rascoff.

Disclosure: Cramer's trust did not own Zillow stock when this article was published.



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance