5 Best RV and Camping Stocks to Buy Now

3. Camping World Holdings, Inc. (NYSE: CWH)

Number of Hedge Fund Holders: 24

Camping World Holdings, Inc. is a recreational vehicles company based in Lincolnshire, Illinois. It is ranked third on our list of 10 best RV and camping stocks to buy now. The stock has returned over 12.96% to investors over the course of the past year.

On May 4, Camping World Holdings, Inc. (NYSE: CWH) posted earnings for the first quarter of 2021, reporting earnings per share of $1.40, beating estimates by $0.66. The revenue over the period was around $1.42 billion, up 51.85% year-over-year.

At the end of the first quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $326 million in Camping World Holdings, Inc. (NYSE: CWH). Of the funds tracked by Insider Monkey, David Abrams’ Abrams Capital Management has the most valuable position in Camping World Holdings, Inc. (NYSE: CWH) as of the end of the first quarter of 2021, worth close to $186 million, comprising 4.18% of its total 13F portfolio. 

On July 1, Raymond James gave an Outperform rating to Camping World Holdings, Inc. (NYSE: CWH) with a $45 price target, noting that Camping World Holdings, Inc. (NYSE: CWH) was positioned to gain market share as it was growing its dealer footprint and expanding into higher margin and less cyclical sources of revenue.

In its Q4 2020 investor letter, Wasatch Core Growth Fund highlighted a few stocks and Camping World Holdings Inc. (NYSE:CWH) is one of them. Here is what the fund said:

“A relative underperformer for the quarter was Camping World Holdings, Inc. (CWH), which operates more than 160 retail locations specializing in recreational vehicles and associated parts, accessories and services. Even before the pandemic, similar to our analysis for YETI, we had already recognized the trends favoring Camping World’s market segment. Although the stock was relatively flat for the quarter, we think the price is still reasonable based on strong consumer interest and the business improvements made by the management team in recent years.”