12 Best RV and Camping Stocks To Buy Now

7. REV Group, Inc. (NYSE:REVG)

Number of Hedge Fund Holders: 22

REV Group, Inc. (NYSE:REVG) is an American company that is engaged in the design and manufacture of specialty and recreational vehicles and related aftermarket parts and services. REVG is one of the best RV and camping stocks to buy now.

In the third quarter of 2024, the company reported net sales of $579.4 million, down from $680 million in the same quarter last year. However, net income increased to $18 million, or $0.35 per diluted share, compared to $14.9 million, or $0.25 per diluted share, in Q3 2023.

The decline in sales was primarily due to challenges in the Recreational Vehicles segment, where consumer discretionary spending has been affected. Despite these market conditions, REV Group, Inc. (NYSE:REVG) is actively working to manage costs and align its operations with market demand. The company reported a notable increase in adjusted EBITDA. In Q3 2024, REV Group, Inc. (NYSE:REVG) achieved an adjusted EBITDA of $45.2 million, an increase from $39.4 million in the same quarter of the previous year.

Looking ahead, the company is focusing on strategic initiatives to enhance its market position. On October 18, REV Group, Inc. (NYSE:REVG) announced that it has finalized the sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for approximately $52 million. This transaction is part of the company’s plan to exit the bus manufacturing business, allowing it to concentrate on its core segments.

REV Group (NYSE:REVG) is committed to innovation and quality in its recreational vehicles. The company showcased new and innovative model year 2025 units at the Hershey RV show and Elkhart RV Dealer Open House in September.

As of the second quarter of 2024, REVG was held by 22 hedge funds, according to Insider Monkey’s database.