'At a time when the department stores are being eaten alive, The RealReal could be poised to make a killing,' Jim Cramer says.
He called it an "intriguing growth story with some hair on it," but suggests waiting for the stock price to recede a few bucks.
The RealReal, which reminds Cramer of the private sneaker reseller marketplace StockX, closed down more than 8% Monday. The stock opened on the market about 40% above its $20 IPO price. The digital platform lets people buy and sell goods that has been verified for authenticity, which can attract skeptical online shoppers.
In 2018, revenue grew at 55%. While growth eased in the first quarter of 2019 to 49%, Cramer said it's "a number that most retailers would kill for."
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