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FBI data says that background checks required for gun sales jumped by over 1.5 million from the year before in March and April

There were long lines outside some gun stores in California in March, ahead of lockdown orders.
Reuters



Gun manufacturer Sturm Ruger & Co. Inc. shares rose in extended trading Wednesday after the company reported a spike in distributor sales to retailers amid increased demand for guns as COVID-19 spread across the world.
Sturm Ruger RGR, +3.73% Chief Executive Officer Christopher Killoy said the company saw a 37% spike in sales from distributors to retailers in the first quarter compared with a year ago. The gun maker reported first-quarter net income of $15.3 million, which amounts to 87 cents a share, compared with net income of $13 million, or 74 cents a share, a year ago. Revenue rose to $123.6 million from $114 million in the year-ago quarter.
The company does not have enough analyst coverage to form reliable consensus estimates, according to FactSet.

Background checks required to buy firearms administered by the Federal Bureau of Investigation increased by just over 1 million in March compared with a year ago, to more than 3.74 million. April saw an increase of roughly 575,000, to more than 2.9 million checks, according to data collected by the FBI. As lockdown orders began to take force in March, there were multiple reports of long lines outside of gun shops in California and elsewhere amid coronavirus fears.

Sturm Ruger stock has fallen 4.6% in the past year, as the S&P 500 index SPX, +1.15% dropped 2.2%. Shares rose nearly 5% in after-hours trading immediately following the release of the report.

 
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with increases in numbers sold and increased background checks....the anti crowd can not spin this as "super gun owners/collectors" adding to personal inventory......

this is a wave of new gun owners.

and more than a few democrats seem to have bought shotguns as a lot of places are sold out of 870's and 500's.........................
 

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this is a wave of new gun owners.
I would bet it's probably a mixture of both. Many gun owners are prone to panic buying whenever there is any type of major crisis in the news. With the amount of stuff that's being sold and from the many stories online there is also a large number of new and first time gun buyers as well.

It would be curious to see specifically what lines of ruger are selling the best. I'm guessing it would probably be a lot of their "LC" semi pistol models, full size semi's like the SR series and AR type rifles. I would be willing to put money that the revolver lines and bolt action rifles are fairly stagnant during this with maybe a few exceptions like the smaller LCR and Sp101 type revolvers.
 

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I tend to believe that a lot of these new gun owners will be selling their gun in the months after the pandemic subsides. Just like the generators that went like crazy after the big hurricanes that hit the East coast and now get sold on Craig’s list since we haven’t needed one in a few years.
 
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