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.
Source: Fool.com
Camping World Holdings Inc Stock
€19.01
-1.290%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 26 € shows a positive potential of 36.77% compared to the current price of 19.01 € for Camping World Holdings Inc.
