Why Camping World Holdings Stock Jumped 10% This Morning

Shares of Camping World Holdings (NYSE: CWH), a recreational vehicle services company that also recently bought Gander Mountain out of bankruptcy, surged more than 10% in early Thursday trading before settling down to book about an 8.5% gain as of 3:15 p.m. EDT.

Camping World investors can thank investment banker JPMorgan for the boost. This morning, analysts at JP announced they were upgrading Camping World Holdings stock to overweight, based in part on stronger-than-expected recreational vehicle sales. As StreetInsider.com reports today, RV "shipments continue to rise to new all-time highs," and that's good news for Camping World stock.

With RV sales surging, JP predicts "upside" to Camping World's earnings guidance, helped by the "positive impact" of revenue and earnings streams acquired from the Gander Mountain purchase.

Source: Fool.com