Analyst Alexander Perry of Bank of America Securities reiterated a Buy rating on Camping World Holdings (CWH – Research Report), retaining the price target of $30.00.
Alexander Perry has given his Buy rating due to a combination of factors that highlight Camping World Holdings’ strong market position and growth potential. The company is experiencing robust near-term retail demand, evidenced by record-breaking sales weekends in February and March. This demand is particularly strong in the used units segment, although new units are also performing well on a same-store basis, despite broader industry declines.
Additionally, Camping World Holdings is strategically increasing its market share with Thor Industries, which shares inventory risk, and is seeing success with its Coleman contract manufacturing line. The company expects used margins to accelerate through 2025, driven by a shift from consigned to owned inventory, which offers higher margins. Furthermore, while tariffs may lead to a slight price increase on new units, Camping World Holdings’ buying leverage mitigates the impact, potentially benefiting its used business. These factors, combined with a price objective significantly higher than the current stock price, support the Buy rating.
In another report released on March 10, Citi also maintained a Buy rating on the stock with a $26.00 price target.
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