With Camping World Holdings Inc. stock up 37% in 2017, according to S&P Global Market Intelligence, investors in the RV and camping gear retailer have every right to celebrate its exceptional year. 

But that raises the question: After its meteoric rise, can Camping World sustain its momentum in the year ahead? 

The Motley Fool reported that shares climbed more than 10% in the month of November alone, as the RV and camping gear retailer’s solid third-quarter report was punctuated by a healthy 25% increase in quarterly revenue, to $1.24 billion. According to CEO Marcus Lemonis, Camping World is benefiting from “the continued strength in the underlying trends across our business.”

Camping World saw sales of new vehicle units jump by a third, thanks to a combination of sales from new locations and 14.5% new vehicle comparable-store sales growth. Meanwhile, used vehicle sales rose a more modest 7.2%, as sales from new stores offset a 7.9% decline in used vehicle comps. Revenue from both the company’s “finance & insurance” and “parts, services & other” segments delivered strong growth of 50% and 24.3%, respectively, albeit from their significantly smaller bases.

But, according to market research firm Freedonia Group, overall RV market revenue is expected to be up just 5% when all is said and done in 2017 — which means Camping World is effectively taking market share from competitors as it builds out its location base.

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