Camping World Holdings Inc CWH shares are up 7.5 percent Friday after beating analyst estimates on earnings and revenue in the company’s third quarter, its first release as a public company.
The RV industry has had a banner year, with 2016 on track to be its best year ever. RV manufacturer Winnebago Industries, Inc. WGO is up 50 percent year-to-date.
Camping World shares are now trading above the company’s IPO levels when the company hit the market last month. Analysts have had a lot of good things to say about the newly public company.
Following Camping World's third quarter earning beat, Bank of America raised its price objective on the stock to $26 from $25. Analysts also raised their 2015 EPS estimate to $1.62 from $1.53 to reflect the strong third quarter.
“We rate CWH shares Buy given attractive market share opportunities and potential upside from M&A,” added Bank of America analyst Rafe Jadrosich.
Same-store sales posted a 5.8 percent increase
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