Please ensure Javascript is enabled for purposes of website accessibility

Wall Street Turns Bullish on Camping World After Robust Q1 Earnings Report

By Rich Duprey - May 5, 2021 at 12:43PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Living the RV life has never been more popular.

Following another upbeat earnings report from Camping World Holdings (CWH 4.58%), Wall Street is becoming decidedly more bullish about the recreational vehicle (RV) retailer, with no fewer than four firms issuing new higher price targets for its stock.

The RV lifestyle got a significant boost from the pandemic as people sought to escape the confines of urban and suburban living for the great outdoors. Camping World's report indicates that this mindset is continuing into 2021 with first-quarter revenue surging 52% higher to $1.56 billion, leading it to raise its full-year guidance. 

CEO Marcus Lemonis says Camping World now believes adjusted EBITDA for 2021 will come in between $770 million and $810 million, or 19% higher at the midpoint from its previous guidance.

Smiling woman sitting in front of camping vehicle

Image source: Getty Images.

Camping World's robust first-quarter results and improved outlook for the year have Wall Street seeing its stock rise as a result. 

Baird analyst Craig Kennison hiked his price target on the RV retailer to $56 per share from $46, though he kept a neutral rating on the stock. Monness, Crespi, Hardt analyst Jim Chartier has a buy rating on the stock, but raised his target to $60 per share from $49 on "another meaningful beat."

Calling the RV lifestyle leader a "compelling investment idea," Truist analyst Michael Swartz raised his price target to $56 per share from $42, while also maintaining his buy recommendation.

The most bullish of them all, however, was BMO Capital analyst Gerrick Johnson, who hoisted his target to a high of $63 per share from $50 and said Camping World is best able to capture RV demand through its sales, products, and services.

Camping World Holdings closed Tuesday at just under $48 a share.

Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Camping World Holdings. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Camping World Holdings, Inc. Stock Quote
Camping World Holdings, Inc.
CWH
$30.35 (4.58%) $1.33

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
377%
 
S&P 500 Returns
123%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/08/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.