Camping World Holdings Inc. (CWH) stock soared 5.06% in Friday's trading session, following positive comments made during NNN REIT's first quarter 2025 earnings call. The surge in stock price suggests investors are optimistic about the recreational vehicle retailer's performance and outlook.

During the earnings call, NNN REIT executives highlighted Camping World as one of their strongest partnerships within their portfolio. They noted that Camping World's property-level rent coverage remains very healthy, indicating strong operational performance at the store level. Additionally, the company's management team was praised for their proactive approach in managing their real estate portfolio, including renegotiating leases and selling underperforming assets to focus on stronger locations.

NNN REIT's CFO, Vincent Chao, also pointed out some positive aspects from Camping World's recent earnings report. Despite overall market challenges, Camping World's new business was described as a bright spot, and their used vehicle business was noted as particularly strong. This diversification in revenue streams appears to be helping the company navigate current economic uncertainties, including potential impacts from tariffs.

The positive commentary from a major landlord, combined with Camping World's own recent earnings report, seems to have boosted investor confidence in the company's near-term prospects. As the recreational vehicle industry continues to evolve in response to changing consumer behaviors and economic conditions, Camping World's strategic management of its real estate and diverse business model appear to be resonating well with the market.