Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Polaris vs. BRP: Which Recreational Vehicle Stock is a Better Buy?

Published 08/13/2021, 05:05 PM
Updated 08/13/2021, 06:30 PM
© Reuters.  Polaris vs. BRP: Which Recreational Vehicle Stock is a Better Buy?

Recreational Vehicle (RV) companies are focusing on significant improvements and advancements to attract new customers. And as demand for RVs rises, we think prominent players in this space, Polaris (NYSE:PII) and BRP (NASDAQ:DOOO), should benefit. But which of these stocks is a better buy now? Read more to find out.Polaris Inc. (PII) in Medina, Minn., designs, engineers, manufactures and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles; Motorcycles; Global Adjacent Markets; Aftermarket; and Boats. In comparison , BRP Inc . (DOOO) designs, develops, manufactures, and markets Powersports vehicles and marine products worldwide. BRP is based in Valcourt, Canada.

Outdoor activities are gaining traction, thanks to significant progress in the COVID-19 vaccination drive and easing of travel restrictions. Though the rapid spread of the highly contagious Delta variant is a cause for concern, the recreational vehicles (RV) market is expected to grow at a sustainable rate over the long term. In a recent survey, 99% of respondents said they feel safe traveling in an RV. The industry is expected to be valued at $48 billion by 2026, registering a 7% CAGR over the next five years. Both PII and DOOO are expected to benefit from the industry tailwinds.

DOOO has gained 18.9% over the past six months, while PII has returned 10.5% over the period. However, PII’s 41.7% gains year-to-date compare with DOOO’s 35.7% returns. In terms of their past-year performance, DOOO is the clear winner with 90.7% gains versus PII’s 26%.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.