Camping World (NYSE :CWH) is a major retailer of recreational vehicles, and related products. Its ancillary business provides services to support a growing RV consumer base.
Reserveamerica
More than 170 SuperCenters were owned and operated by the company. The SuperCenters focus on RVs, outdoor lifestyle items and a full range Good Sam offerings. In addition, the company operates a large number of RV service centers.
Its RV dealerships offer a wide range of pre-owned and brand new vehicles. This allows them to offer RVs for a reasonable price to their customers.
Camping World can now compete with other RV dealers within the industry to win a greater 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 only national brand to offer all-electric motor homes. These can be purchased and serviced at its RV dealers.
A+ Stocks to Add to Your Portfolio
Camping World Holdings (NYSE.CWH) is a good investment as it offers a lot of upside compared to its current market price. The company is also a dependable performer and has a solid management team.
Insider Trading
The insider buying, selling and buying of a company can provide key insight into its prospects. Marcus Lemonis is a top-tier insider at Camping World who bought CWH shares several time this year.
A strong insider buying signal can signify that the company has a positive outlook. This could also signify that the company's management has taken steps to increase shareholder wealth.
Chairman and CEO Lemonis purchased CWH stock on 13 occasions this year, increasing his position from 447,423 shares to 517,096 shares.
Since 2006 Lemonis has been Camping World's CEO and Chairman. Lemonis is a long-term steward and has a deep understanding of the company's history and its future.
His buying can signal his confidence in Camping World's future prospects and indicate that he is working to increase shareholder values.
Camping World has witnessed other insiders purchase shares over the past few months in addition to Lemonis' insider buying. Lemonis' son is one of these insiders, and he has been involved in Camping World since its beginning.
The other is a top-tier banker who has been an investor in Camping World for years. He has also invested in other companies in the industry and he's a savvy investor who knows his way around the company's business.
He has an impressive track record of buying shares at the right time. He has done so for companies like Pepsi and Kraft Foods, among others.
Camping World's performance could be affected this year by a weaker economy and a slower RV industry. Camping World has a strong balance and a diverse business model, which should allow it to remain profitable and strong for the future.