Here’s How Camping World (CWH) Benefits from New Legislation

Night Watch Investment Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund LP appreciated by 23.31% net of fees, and YTD, its performance stood at 20.71%. The portfolio demonstrated resilience in the quarter, despite volatility in March and April. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Night Watch Investment Management highlighted stocks such as Camping World Holdings, Inc. (NYSE:CWH). Camping World Holdings, Inc. (NYSE:CWH) is a US-based retailer of recreational vehicles (RVs) and related products and services. The one-month return of Camping World Holdings, Inc. (NYSE:CWH) was 3.66%, and its shares gained 1.38% of their value over the last 52 weeks. On July 3, 2025, Camping World Holdings, Inc. (NYSE:CWH) stock closed at $18.42 per share, with a market capitalization of $1.153 billion.

Night Watch Investment Management stated the following regarding Camping World Holdings, Inc. (NYSE:CWH) in its Q2 2025 investor letter:

“A potential beneficiary of the new legislation is Camping World Holdings, Inc. (NYSE:CWH), the largest RV dealer in the U.S. With a focus on affordable trailers, CWH continues to gain share in a domestically concentrated industry that’s been in decline since 2022. Despite limited exposure to tariffs – most RVs are built in Elkhart, Indiana – RV stocks sold off in April. The new bill proposes to make RV mortgage interest and trailer floorplan financing fully tax deductible, cutting monthly costs for customers by ~10%. We’ve owned CWH since inception for its share gains and valuation, but it lacked a catalyst. The recent dip, paired with this legislative tailwind, prompted us to add to the position.”

Is Camping World Holdings, Inc. (CWH) The Top Falling Stock with Unusual Volume?

A well lit Airstream RV parked in the outdoors, highlighting the recreational vehicles offered by the company.

Camping World Holdings, Inc. (NYSE:CWH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Camping World Holdings, Inc. (NYSE:CWH) at the end of the first quarter, which was 36 in the previous quarter. In the first quarter of 2025, Camping World Holdings, Inc. (NYSE:CWH) reported revenue of $1.4 billion, up 4% year-over-year. While we acknowledge the potential of Camping World Holdings, Inc. (NYSE:CWH) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Camping World Holdings, Inc. (NYSE:CWH) and shared the list of top falling stocks with unusual volume. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of CWH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.