Cramer is a Buyer of eBay (EBAY)

Shares of eBay (Nasdaq: EBAY) gapped about 1.6% higher this morning on the back of a Jim Cramer tout last night on Mad Money, but the stock has since given back the gains. eBay shares most recently traded at $17.68, down 0.2% from yesterday's close.

Cramer highlighted eBay on his "Off the Charts" segment, saying that while the chart may not suggest upside, the fundamentals are very solid. Cramer called eBay "a classic turnaround situation", noting that the online auctioneer has recently taken steps to offer more free shipping, improved payment protection, better and more specific search criteria and lower insertion fees.

The President of Cramerica also told CNBC viewers that eBay has "great value" in both its PayPal and Skype units. And with $3.2 billion in cash and 52% of its sales coming from outside the U.S., Cramer said he's a buyer of the stock.

To see all of Cramer's market-moving calls, visit our Jim Cramer entity.

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