Expect Camping World To Follow Up Impressive Quarter With M&A, More Market Share Gains

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