Camping World Stock Price, News & Analysis

Camping World Holdings, Inc. (NYSE: CWH) has announced the opening of a new RV Dealership in San Martin, California, enhancing its growth in one of the largest RV markets in the U.S. The dealership, located at 13635 Sycamore Ave, will offer a wide selection of new and used RVs along with an array of RV products and Good Sam services. Camping World aims to provide a fun and easy RVing experience, with operations in 42 states and a commitment to building long-term value for customers and shareholders.

Camping World Holdings, Inc. (NYSE: CWH) has announced the acquisition of RV Solutions Inc., enhancing its presence in California with two new RV dealership locations in San Diego and a parts/service center in El Cajon.

The acquisition adds to Camping World's footprint, bringing the total to 18 locations in the state. The deal is expected to be finalized in the first quarter of 2023, continuing a tradition of exceptional service in the RV sector.

Camping World Holdings, Inc. (NYSE: CWH) announced the retirement of Chief Operating Officer Tamara Ward, effective December 31, 2022. She has served the company for nearly 34 years in various executive roles. Matthew Wagner, currently Executive Vice President, will succeed her as COO on January 1, 2023. Ward will remain with Camping World as a senior advisor until 2024 to facilitate the transition. Chairman and CEO Marcus Lemonis expressed gratitude for Ward's contributions, emphasizing the leadership skills of Wagner as the company anticipates future growth.

Camping World Holdings, Inc. (NYSE: CWH) announced its acquisition of Ashley Outdoors, an esteemed family-owned RV dealership located in Salem, Alabama. Set to close in Q1 2023, this acquisition aligns with Camping World's growth strategy, enhancing its service and product offerings in the Southeast. The new SuperCenter will operate under the Camping World brand, featuring a wide array of new and used RVs, outdoor products, and Good Sam services. This move aims to strengthen Camping World's market presence and customer service standards.

Camping World Holdings, Inc. (NYSE: CWH) reported a revenue of $1.9 billion for Q3 2022, down 3.2% compared to the previous year. The decline was attributed to $45.7 million less in product revenue from exited categories. Record used vehicle revenue reached $526.0 million, up 1.2%, with used vehicle unit sales hitting 14,460. However, net income fell to $102.9 million, a 45.6% decrease. Diluted EPS was $0.97, down from $1.72. The company maintained its quarterly dividend of $0.625 per share.

Camping World Holdings, Inc. (NYSE: CWH) announced the release of its financial results for the third quarter of fiscal 2022, scheduled for November 1, 2022, after market close. A conference call to discuss these results will be held on November 2, 2022, at 7:30 a.m. Central Time, with participation available via phone and an online webcast. The Company aims to provide transparency to investors and analysts through this call, emphasizing its commitment to delivering value in the RV retail sector.

Camping World Holdings (NYSE: CWH) has appointed Brett Andress as SVP of Corporate Development and Investor Relations. He will spearhead corporate initiatives and improve communication with investors to clarify the Company's strategies and performance. Previously, Andress served as a Managing Director at KeyBanc Capital Markets, specializing in the leisure sector for 10 years. His hiring is seen as a strategic move to enrich the leadership team, enhancing the Company's growth potential.

Camping World has launched the Good Sam Confidence Program, utilizing the Good Sam RV Valuator™ to offer near real-time fair market values for RVs. This program aims to protect RV owners during buying and selling transactions. CEO Marcus Lemonis highlighted the importance of respecting RV asset values as market conditions evolve. The Good Sam RV Valuator™ leverages decades of proprietary data and is continuously updated to provide accurate appraisals.

Camping World Holdings (NYSE: CWH) is set to enhance its presence in western Washington following the announcement of an acquisition of Clear Creek RV Center dealerships in Silverdale and Puyallup. This deal, which is expected to close in September 2022, will increase Camping World's dealership count in Washington to six. CEO Marcus Lemonis noted the importance of this acquisition in expanding market share in a region with strong RV demographics. The new locations will feature a variety of RVs and associated outdoor products.