Why Camping World Holdings Stock Popped on Monday
Shares of Camping World Holdings (NYSE: CWH) popped on Monday morning after the company announced encouraging business results and a $100 million stock repurchase plan. As of 11:20 a.m. EST, the stock was up 13%, and it has now more than doubled year to date.
For the third quarter of 2020, Camping World's revenue grew 21% year over year to $1.7 billion. That was an acceleration from the 9% growth the company reported in the second quarter. The strong demand for recreational vehicles (RVs) resulted in diluted earnings per share (EPS) of $1.44. This was a night-and-day improvement from the $0.82 loss per share it reported in the same quarter last year, crushing analyst expectations.
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Source Fool.com
