12 Best RV and Camping Stocks To Buy Now

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

Number of Hedge Fund Holders: 23

Camping World Holdings, Inc. (NYSE:CWH) is an American company that engages in selling recreational vehicles (RVs), recreational vehicle parts, and related services. Through its Good Sam organization, the company offers specialized services and plans, including roadside assistance, protection plans, and insurance. The company has RV sales and service locations in 43 states.

In the third quarter of 2024, Camping World Holdings, Inc. (NYSE:CWH) reported revenues of $1.7 billion, which was a slight decrease of $4.6 million or 0.3% from the previous year. However, new vehicle sales saw a significant increase, generating a revenue of $824.9 million, up 21.5% with unit sales rising by 31.2%. This growth in new vehicle sales indicates strong demand and market performance.

The company achieved positive growth in combined same-store unit sales for the first time in ten quarters, with same-store new unit sales increasing by 29% year-over-year. This performance reflects Camping World Holdings, Inc.’s (NYSE:CWH) ability to adapt and thrive despite industry challenges.

In the Q3 2024 earnings call, the company’s management shared that Camping World Holdings, Inc. (NYSE:CWH) has achieved a record market share of nearly 11% in the combined new and used RV market. This growth in market share is driven by strong performance in new unit sales and strategic initiatives that position the company as a leader in the industry.

The company’s growth strategy focuses on three key areas: distribution, product offerings, and market-making capabilities. Camping World Holdings, Inc. (NYSE:CWH) has managed to grow its dealership network to over 200 locations at the end of the third quarter. Additionally, in the Q3 2024 earnings call, the company’s management reported that nearly 36% of new unit sales come from exclusive contract-manufactured RVs, enhancing its competitive edge.

CWH is one of the best RV and camping stocks to buy now. As of the second quarter of 2024, Camping World Holdings, Inc. (NYSE:CWH) was held by 23 hedge funds, according to Insider Monkey’s database.

Analysts have a positive outlook on CWH. Analysts have a consensus buy rating on the stock and the 12-month median price target set by analysts indicates a potential increase of 18% from the stock’s current price.