Can Camping World Pitch Its Tent on the Sunny Side of 2021's Markets?
Recreational vehicle (RV) seller and RV parts supplier Camping World Holdings (NYSE: CWH) saw its share value experience lush growth in the warmth of summer 2020 as Americans cooped up during COVID-19 lockdowns escaped to the wide-open spaces. Driven by soaring demand for campers and other outdoor vehicles, its share price rose to heights not seen since February 2018 after bottoming out at its lowest level since the company's October 2016 IPO.
Since then, its share value has withered a little in the autumn chill, though the price is still well above anything seen throughout 2019 or pre-COVID 2020. Its recent third-quarter report was positive, but the question remains of how good a longer-term investment it is, given its history. Fools investing in consumer discretionary stocks might want to look at several factors before deciding whether Camping World will slip back into the doldrums of 2018 and 2019 or still has room for some bullish growth moving into next year.
The RV market in summer 2020 was one of the surprise gainers from the COVID-19 pandemic. Staples stocks and online retailers saw big gains from people stuck at home or avoiding crowded shopping venues during the pandemic's first major wave. But RV sales also rose, addressing people's psychological urge to experience a sense of freedom amid lockdowns and the closure of regular entertainment venues like theme parks, cruises, casinos, and movie theaters.
Source Fool.com
