Tag: Surged

Why Camping World Holdings Surged 84.1% in 2020

What happened

Shares of Camping World Holdings (NYSE: CWH) soared 84.1% in 2020 as the coronavirus pandemic caused people to get back to nature and away from the crowds.

So what

The “escape to the wilderness” mindset pushed new and used RV sales 16% higher through the first nine months of the year, leading Camping World to post a $304 million profit for the year, a turnaround from a net loss of $39 million in 2019.

An RV parked amid the mountains

Image source: Getty Images.

The success Camping World enjoyed also allowed investors to share in the growth as the RV retailer and lifestyle advocate