Jim Cramer: Uber Should Consider Selling Uber Eats to Grubhub

Video Credit: The Street
Published on November 5, 2019 - Duration: 02:07s

Jim Cramer: Uber Should Consider Selling Uber Eats to Grubhub

Real Money Stock of the Day Uber reported after the bell Monday.

Uber said its loss for the three months ending in September expanded to 68 cents per share, well shy of the 54 cent loss Wall Street analysts had been anticipating.

The loss, however, was set against improving revenues, which rose 30% from the same period last year to $3.53 billion as gross bookings jumped 29% to $16.47 billion, reported TheStreet's Martin Baccardax.

"In terms of our 2021 targets, we will -- these are targets at this point and we haven't given formal guidance for 2021, but I will tell you that this will -- we believe that we will be in a position to deliver very strong both top-line and bottom-line growth," Uber CEO Dara Khosrowshahi told investors on a conference call late Monday.

"As a company at scale, there will always be trade-offs that we have to make, but we're prepared to make those trade-offs.

And I think those kinds of tough trade-offs actually are positive first of the company, but we want to be working on the very best ideas, not just the average ideas." Jim Cramer said that he thinks it's time for Uber to consider getting out of Uber Eats and maybe even consider selling to GrubHub .

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