Why Shares of Camping World Jumped 15% in August

Why Shares of Camping World Jumped 15% in August

Shares of recreational vehicle retailer Camping World (NYSE: CWH) surged 15% in August, according to data provided by S&P Global Market Intelligence. A strong second-quarter report featuring double-digit revenue growth and better-than-expected earnings was the main driver behind the soaring stock price.

Camping World reported second-quarter revenue of $1.28 billion, up 20% year over year and $110 million higher than the average analyst estimate. Same-store sales surged 10.6% to $1.1 billion, with the rest of the company's revenue coming from new locations. Camping World sold 21,930 new units during the quarter, up 38.2% year over year, and 9,073 used units, down 8.4% year over year.

Image source: Camping World.

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Source: Fool.com