Camping World Holdings: Raising My Price Target To $100 A Share

Alex Ponte
680 Followers

Summary

  • My Camping World Holdings' price target has increased from $80 to $100 after increased buybacks and near $1 billion adjusted EBITDA for 2021.
  • The RV industry has new growth drivers such as unaffordable housing and remote work, creating a healthy CAGR for the industry moving forward.
  • Camping World's Good Sam Club provides the company with the potential to accelerate EBITDA growth.
  • Camping World remains a deep value play with a potential triple-digit upside.

Motor home and sunset

Marc Dufresne/E+ via Getty Images

Investment Thesis

Between increased share buybacks, the long-term outlook for the recreational vehicle market, and the company projecting to hit near $1 billion EBITDA in 2021, I have raised my price target for Camping World Holdings (

This article was written by

680 Followers
Alex Ponte provides extensive write-ups on stocks with a market cap of less than $10 Billion in North America and various other topics of interest.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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