Camping World Grants 465,000 RSUs to New Leaders, Stock Rises Nearly 13%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Fool
- Leadership Transition: Camping World appointed new CEO Matthew Wagner and Chairman Brent Moody on January 1, following the retirement of co-founder Marcus Lemonis, who will remain as an advisor, ensuring continuity in company strategy.
- Equity Incentives: Wagner received 465,000 restricted stock units (RSUs) while Moody was granted 59,518 RSUs, a strategy designed to motivate the new leadership to act in the best interests of the company and its investors.
- Market Reaction: The stock price of Camping World surged by 12.78% on the day of the leadership announcement and equity grants, reflecting investor confidence in the company's future direction.
- Company Background: Wagner has been with Camping World since 2007, while Moody has served in various managerial roles since 2002, both bringing extensive industry experience that is crucial for the company's stable growth.
Analyst Views on CWH
Wall Street analysts forecast CWH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWH is 18.67 USD with a low forecast of 17.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.030
Low
17.00
Averages
18.67
High
22.00
Current: 11.030
Low
17.00
Averages
18.67
High
22.00
About CWH
Camping World Holdings, Inc. is a retailer of recreational vehicles (RVs) and related products and services. The Company operates through two segments: Good Sam Services and Plans and RV and Outdoor Retail. Its Good Sam Services and Plans segment consists of programs, plans and services that are geared towards protecting, insuring and promoting the RV & travel lifestyles, and includes services such as extended vehicle service contracts, vehicle roadside assistance, property and casualty insurance, travel protection, travel planning and directories, and publications. Its RV and Outdoor Retail segment consists of all aspects of its RV dealership operations, which includes selling new and used RVs, assisting with the financing of new and used RVs, selling protection and insurance-related services and plans for RVs, servicing and repairing new and used RVs, installing RV parts and accessories, and selling RV and outdoor related products, parts and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
