In today's edition of The Motley Fool's Stock of the Day, host Matt Trogdon and Motley Fool Stock Advisor analyst Sara Hov discussed Air Methods' (NASDAQ:AIRM) positive quarter. The air medical transport company exceeded expectations on both earnings and revenue in the second quarter, and the stock price was up over 10% in early trading Friday.

According to Hov, the company saw an increase in contracts and benefited from a greater number of insured patients using its services.

"We think that Air Methods will continue to gain elevation over the next few years," Hov said. Watch the video below for more insights.

Matt Trogdon has no position in any stocks mentioned. Sara Hov has no position in any stocks mentioned. The Motley Fool recommends Air Methods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.