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.