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Camping World Surges After Demand for RVs Drives Profitability

    
Photographer: George Frey/Bloomberg

Camping World Holdings Inc. jumped as much as 35% on Friday after reporting first-quarter results that beat analysts’ projections, driven by stronger-than-expected sales of recreational vehicles.

Analysts universally applauded the results and were surprised by the recent strength in RV sales, which they attributed to consumers’ desire to vacation while maintaining social distance. Camping World management noted that new customers appeared to be entering the market as well with trade-in rates dropping to 20% from the normal 30%-35%.