Why Camping World Holdings Tumbled 14% Today
Shares of Camping World Holdings (NYSE: CWH) were tumbling 14% in late day trading Thursday, despite the RV retailer and lifestyle leader reporting fourth-quarter results that handily outstripped analyst expectations.
Camping World continued to benefit from consumer desire to get away during the pandemic as new vehicle sales surged 38% to 13,274 units even as used sales eased back 3% to 6,930 units. Combined, the RV retailer sold over 20,200 units in the quarter, a 20% gain year over year.
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Source Fool.com
