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

Camping World Holdings Inc CWH 9.38% 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 5.48% 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

DateFirmActionFromTo
Nov 2016Stephens & Co.Initiates Coverage OnOverweight
Nov 2016Bank of AmericaInitiates Coverage OnBuy
Nov 2016JP MorganInitiates Coverage OnNeutral

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