Camping World Stock Price, News & Analysis

Camping World Holdings, Inc. (NYSE: CWH) has announced its acquisition of Anthem RV in New River, AZ, expected to finalize next month. This strategic move aims to bolster its presence as the leading RV dealer in Arizona. The new dealership in Surprise, AZ will enhance services in the greater Phoenix area, aligning with Camping World's growth strategy for 2022. The dealership will offer a wide range of RVs and outdoor products, transitioning to the Camping World brand upon closing.

Camping World Holdings, Inc. (NYSE: CWH) is expanding its RV sales and service network with plans to complete 11 new dealership locations across seven states by the end of 2022. This follows the acquisition of Richardson’s RV Centers. The initiative aims to serve over 11 million RV owners and new customers, enhancing service infrastructure for the soon-to-launch RVs.com digital offering. Currently operating in 42 states, Camping World positions itself as a leader in the RV retail sector.

Camping World Holdings (NYSE:CWH) has announced its largest acquisition to date: the purchase of Richardson’s RV Centers. This deal boosts Camping World’s status as the leading RV dealer in California, encompassing eight locations in California and Indiana. The acquisition includes five established dealerships and additional parts and service centers. CEO Marcus Lemonis highlighted the value of Richardson’s management and brand, emphasizing enhanced customer service. The acquisition will expand Camping World's dealership network, featuring 12 RV dealerships and future growth opportunities.

Camping World Holdings, Inc. (NYSE: CWH) has declared a cash dividend of $0.625 per share on its Class A Common Stock, with payment set for June 29, 2022. Stockholders of record as of June 14, 2022 will receive this dividend. CEO Marcus Lemonis emphasized a commitment to delivering shareholder returns. Future dividends will be at the discretion of the Board, considering operational results and financial health.

Camping World Holdings (NYSE: CWH) reported a record Q1 2022 revenue of $1.7 billion, up 6.7% year-over-year, alongside a gross profit of $560.2 million and a gross margin of 33.7%. However, net income fell to $107.3 million, a 27.2% decline due to accelerated amortization and increased compensation expenses. Diluted EPS decreased to $1.02 from $1.40, impacted by tax benefits in the prior year. The company repurchased 2.6 million shares for $79.8 million and announced a quarterly dividend of $0.625 per share, emphasizing its adaptability in a changing economic landscape.

Camping World Holdings has opened a new SuperCenter in Churchville, NY, marking its sixth facility in the state. This new location expands RV sales and service options for the Rochester area, featuring a 44,603 square foot facility with 11,500 square feet of retail space and 10 service bays. The grand opening is scheduled for June 9-12. CEO Marcus Lemonis highlighted the company’s commitment to the community and its offerings of new and pre-owned RVs. Camping World continues to seek skilled associates for various roles across its locations.

Camping World Holdings, Inc. (NYSE: CWH) will announce its financial results for Q1 fiscal 2022 on May 3, 2022, after market close. A conference call is scheduled for May 4, 2022, at 7:30 a.m. Central Time to discuss these results. Interested investors can join the call by dialing 877-425-9470 and a live audio webcast will be available online at investor.campingworld.com. A replay will be accessible after the call until May 11, 2022.

Camping World Holdings, Inc. (NYSE: CWH) reported strong financial results for Q4 and full year 2021. Revenue increased to $6.9 billion, up 26.9% year-over-year. Net income rose 86.5% to $642.1 million, with a net income margin of 9.3%. The company also boosted its dividend from $0.23 to $0.50 per share, and announced a 25% increase to $0.625 per share for 2022. Vehicle inventories reached $1.5 billion, reflecting a $645.8 million increase. Share repurchases totaled $156.3 million for the year, indicating strong cash flow and commitment to shareholder returns.

Camping World Holdings, Inc. (NYSE: CWH) announced a 25% increase in its quarterly dividend, now $0.625 per share on Class A Common Stock. The dividend will be payable on March 29, 2022, to shareholders of record by March 14, 2022. This raises the annualized dividend from $2.00 to $2.50 per share. CEO Marcus Lemonis emphasized a commitment to return capital to shareholders while focusing on business growth. Future dividends will depend on operational results and financial conditions.