Is It Too Late to Take a Stake in Camping World?
If you backed up the truck and loaded up on Camping World (NYSE: CWH) stock earlier this year, you may be feeling like one happy camper. The recreational vehicle dealer's stock has surged about 60% year to date, compared to about 25% for the Standard & Poor's 500 Index. Several trends driving that growth could give Camping World enough gas to keep rolling.
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Camping World, based in Lincolnshire, Ill., reported a 14.2% increase in revenues and a 22.3% rise in net income for its third quarter ended Sept. 30. Chalk it up to a pandemic surge. Americans no longer tethered to offices decided they could hit the road, and they turned to RVs. Demographics also played a role with more Baby Boomers retiring and more Millennials exploring the van life.
Source Fool.com
