In an effort to expand its RV dealerships, Camping World Holdings, Inc. (CWH - Free Report) recently announced the planned acquisition of Cooper’s RV Center in the greater Pittsburgh market.
Camping World already operates RV dealerships in the Hanover and Harrisburg areas of Pennsylvania. The company intends to boost its presence in western Pennsylvania with the RV Center acquisition.
Notably, the Conard family-owned Cooper’s RV Center has been serving the western Pennsylvania for more than 65 years. The company offers sales, parts and accessories, as well as service to those opting camping and recreational vehicles. With its acquisition, Camping World would offer additional benefits from its national network of RV SuperCenters to its customers and the public.
As a matter of fact, Camping World has been making efforts to expand its footprint in targeted markets on the back of strategic acquisitions. Recently, the company announced its plans to acquire Uncle Dan’s Outfitters — an outdoor gear, camping supplies and apparel retailer.
This diligent acquisition is in line with the company’s strategy to solidify its presence in the outdoor lifestyle market. The buyout will help it offer a wider range of products and subsequently expand the customer base. Earlier, the company announced the acquisition of American RV located in Grand Rapids, MI.
Camping World’s strategic moves, in a bid to expand its portfolio, have helped the company outperform its industry year to date. Shares of the company have rallied 33.4%, outperforming 25.3% growth recorded by the industry.
Camping World currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Better-ranked stocks in the leisure and recreational services space are AMC Entertainment Holdings, Inc. (AMC - Free Report) , International Speedway Corp. (ISCA - Free Report) and RCI Hospitality Holdings, Inc. (RICK - Free Report) . All these stocks carry a Zacks Rank of #2 (Buy).
AMC Entertainment Holdings has a long-term expected growth rate of 10%.
International Speedway’s fiscal 2017 earnings estimates inched up 0.6% to $1.57 in a month’s time.
RCI Hospitality’s earnings estimates for fiscal 2017 remained unchanged at $1.49 during the same time frame.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>