Why Jim Cramer Thinks Roblox Is Still 'Too Expensive,' After Stock Down 72% Year-To-Date

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Magna International Inc MGA "worries me. I would rather own an auto company directly. They’re very inexpensive."

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Cramer said Roblox Corp RBLX is "too expensive." His concern is that the company is not making money.

Benzinga Data finds analysts have varying takes on RBLX, although the stock has a consensus Buy rating.

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Earlier this month, Roblox reported key metrics for November 2022:

Daily active users (DAUs) were 56.7 million, up 15% year-over-year
Hours engaged were 3.9 billion, up 10% year-over-year
Estimated revenue was between $190 million and $193 million, up 1% - 3%year-over year
Estimated bookings were between $222 million and $225 million, up 5% - 7% year-over-year
Estimated average bookings per daily active user (ABPDAU) were between $3.92 and $3.97, down 7% - 9% year-over-year

Price Action: Shares of Roblox gained 1.4% to close at $27.58, while Magna International shares dropped 1.9% to settle at $56.01 on Tuesday.

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MGAMagna International Inc

$33.06-5.57%