Camping World (NYSE.CWH), a world-leading retailer of recreational vehicles is one. Its ancillary companies provide support for a growing number of RV owners.
Reserveamerica
Over 170 SuperCenters have been established by the company. They are primarily focused on selling RVs and outdoor lifestyle products, as well as a wide range of Good Sam offerings. Additionally, there are many RV service centers.
Its RV dealerships offer a wide range of pre-owned and brand new vehicles. The company can offer RVs at a fair price to its customers.
Camping World can compete with other RV dealers and capture a larger market share.
Lordstown Motors
The Company has formed a partnership to Lordstown Motors, an electric vehicle manufacturer, to help design, engineer and manufacture an all-electric motorhome that Camping World will sell and service at its RV shops.
Camping World is the national brand currently offering all-electric motor home that can be sold and serviced at RV dealers.
A+ Stocks in Your Portfolio
Investors should consider Camping World Holdings (NYSE:CWH) as a potential investment because it has a lot of upside from its current market price. The company is a solid manager team and is a reliable performer.
Insider Trading
It is possible to uncover key information about a company's prospects by looking at its insider buying or selling. Marcus Lemonis (Camping World's top-ranking insider) bought CWH shares multiple times this year.
A company's optimism can be indicated by a strong insider purchase. This could also signify that the company's management has taken steps to increase shareholder wealth.
CWH stock was bought by Chairman and CEO Lemonis on 13 occasions in this year. This increased Lemonis' position from 447.423 shares up to 517.096 shares.
Since 2006, Lemonis is Camping World's Chairman & CEO. He has been the CEO and Chairman of Camping World since 2006.
His purchases can indicate that he is confident about Camping World's near term prospects and is making steps to increase shareholder value.
Camping World has witnessed other insiders purchase shares over the past few months in addition to Lemonis' insider buying. Lemonis's son, who was involved from the beginning with Camping World, is one of these insiders.
The other is an experienced investment banker and has been a Camping World shareholder for many years. He has also invested in companies in the same industry and is a skilled investment banker who knows the intricacies of the company.
He has a strong track record in purchasing shares at the right moment. He has done so for companies like Pepsi and Kraft Foods, among others.
A weak economy and a slowing RV industry could put Camping World's results in question this year. Camping World has a strong balance and a diverse business model, which should allow it to remain profitable and strong for the future.