It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Berkshire Hathaway, Inc.: "No, no. The downward trend is the opportunity, my friend. It says 'buy, buy, buy!'"

AutoNation, Inc.: "I worry about AutoNation and I worry about CarMax. And I've got to tell you, we're going to hear from CarMax next week, they trade together. […] AutoNation is a maybe."

CenturyLink Inc.: "I've got to tell you, I regard that yield as a red flag, sir. I'm concerned that– I know there's a bunch of analysts that say 'don't worry about it.' I worry about it. If I want to be in [telecommunications], I'm still going to send you to Verizon."

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