Here's Why Investors Should Buy Camping World Stock Right Now

Camping World Holdings, Inc. CWH is poised to benefit from strong same-store new vehicle sales growth, acquisitions of new and used RV dealerships, and the opening of stores.Shares of this recreational vehicle dealer have gained 32.1% in the past year compared with the Zacks Leisure and Recreation Services industry’s 40.7% growth. The company is investing in advanced training, expanding technology and improving infrastructure, including cybersecurity. These efforts support its objective of maintaining a strong position as a growing company in the industry. Image Source: Zacks Investment Research Let us discuss the factors that highlight why investors should buy the stock now.Growth Drivers for CHW StockThe company continues to see solid same-store new vehicle sales growth, which enhances its performance. It achieved 9.7% year-over-year growth in same-store new vehicle unit sales and market share in the second quarter of 2024. The record new unit market share resulted from responding to consumer needs for affordability. In June, same-store new vehicle unit growth accelerated into the mid-teens, reaching the low twenties in July. This positions the company for a strong performance in 2025.Despite a 9.5% decrease in the average selling price per new vehicle sold, new vehicle revenues grew 5.8% year over year to $847.1 million, mainly due to a 16.9% rise in the number of new vehicles sold.Camping World primarily focuses on strategic investments in acquisitions to increase its footprint. The company aims at maximizing the returns of working capital to continue its supercharged acquisition plan, which directly sparks CWH’s growth prospects. In the first six months of 2024, CWH’s RV and Outdoor Retail segment acquired assets from various RV dealerships, totaling nine locations for about $69.4 million.As of June 30, 2024, the company operated 215 store locations, reflecting a 5.9% increase year over year, with a net addition of 12 store locations in the first six months of 2024. It plans to open 16 new locations in 2024. This expansion reflects the company's commitment to growth and increased market presence.In June 2024, the Good Sam Services and Plans segment also acquired the assets of a tire rescue roadside assistance business. The company plans to expand Good Sam and enhance its RV business as part of CWH’s growth strategy. Camping World aims to increase market share in new RVs and add profitable acquisitions to its dealer network.Estimate Revision of CWH StockThe Zacks Consensus Estimate for CWH’s 2024 loss per share has narrowed to 39 cents from 40 cents in the past 30 days. Moreover, the consensus estimate for 2025 earnings has moved up in the said time frame, indicating 397.8% year-over-year growth. Image Source: Zacks Investment Research Should You Buy CWH Stock?Camping World is positioned to benefit from strong same-store new vehicle sales growth and strategic acquisitions. The company's focus on improving operational capabilities through advanced training, technology expansion and infrastructure enhancements supports its growth objectives.The upward trend in earnings estimates for 2024 and 2025 reflects positive sentiment about the company's future performance. With a Zacks Rank #2 (Buy), Camping World is well-suited for investors considering opportunities in the recreational vehicle sector. The company’s commitment to expanding its footprint and capturing market share further solidifies CWH’s growth potential in the industry. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Stocks to ConsiderSome other top-ranked stocks in the Zacks Consumer Discretionary sector are as follows:Planet Fitness, Inc. PLNT currently has a Zacks Rank of 2. PLNT has a trailing four-quarter earnings surprise of 7%, on average. The stock has increased 56.2% in the past year.The Zacks Consensus Estimate for PLNT’s 2024 sales and EPS indicates an increase of 6% and 8.9%, respectively, from the year-ago levels.Norwegian Cruise Line Holdings Ltd. NCLH presently flaunts a Zacks Rank of 1. NCLH has a trailing four-quarter earnings surprise of 5.7%, on average. The stock has moved up 56.1% in the past year.The Zacks Consensus Estimate for NCLH’s 2024 sales and EPS indicates an increase of 9.8% and 125.7%, respectively, from the year-ago levels.Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The stock has gained 126.9% in the past year.The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.1% and 70.9%, respectively, from the year-ago levels.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report Camping World (CWH): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Planet Fitness, Inc. (PLNT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks