Camping World Stock Price, News & Analysis

Camping World Holdings, Inc. (NYSE: CWH) will release its fourth quarter and fiscal 2021 financial results after the market closes on February 22, 2022. A conference call to discuss these results is scheduled for February 23, 2022, at 7:30 a.m. Central Time. Investors can join the call by dialing 800-239-9838 or via an online audio webcast. A replay will be available within two hours post-call and will remain accessible until March 2, 2022. Camping World is America’s largest RV retailer, aiming to enhance the RV experience for its customers.

Camping World Holdings has announced an agreement to acquire Bowling RVs in Ottumwa, Iowa, marking its fourth location in the state. The acquisition is expected to close next month. CEO Marcus Lemonis highlighted the long-standing service of the Bowling family in the region and the potential to expand Camping World's customer base. The new facility will be rebranded and will offer a variety of RVs, outdoor products, and services. This move aligns with Camping World's strategy to enhance its national presence and customer offerings in the RV industry.

Camping World Holdings (NYSE: CWH) has announced its acquisition of Big Daddy RV’s in London, Kentucky, set to close in late February. This acquisition marks Camping World's third location in the state and aims to enhance market share and customer service. The facility will transition to the Camping World brand and feature a broad range of new and used RVs, alongside outdoor products. CEO Marcus Lemonis emphasized the acquisition as a strategic growth move for 2022.

Camping World Holdings, Inc. (NYSE: CWH) has authorized an increase in its stock repurchase program, now totaling $225,000,000. Following the increase, approximately $200,000,000 remains available for the repurchase of Class A common stock. The authorization extends to December 31, 2025 and includes provisions for various repurchase methods. This move aims to enhance shareholder value and reflects the company’s commitment to utilizing cash on hand to fund these repurchases.

Camping World Holdings (NYSE: CWH) announced the opening of its fifth location in Missouri, in Cape Girardeau, covering 12 acres. Construction has started on the Cape Girardeau SuperCenter, expected to open in summer 2022. The facility will feature approximately 33,000 square feet of space, including 10,500 square feet for retail and 14 service bays, providing a wide range of new and used RVs and outdoor products.

CEO Marcus Lemonis emphasized the economic impact for the community and the service it offers to their 5.5 million active customers.

Camping World Holdings (NYSE: CWH) has announced its acquisition of Lloyd Bridges Traveland in Chelsea, Michigan, bringing its dealership count to nine in the state. This acquisition, set to close in early 2022, allows Camping World to enhance its market presence in an area with strong RV demographics. The two existing locations will transition to the Camping World brand, offering a broad range of new and used RVs and outdoor products. CEO Marcus Lemonis emphasized the strategic importance of the deal, enhancing customer service capabilities.

Camping World Holdings, Inc. (NYSE: CWH) announced plans for a $300 million add-on to its senior secured term loan. This financing aims to support the acquisition and development of additional RV dealerships and service centers. The terms of the loan will be disclosed once the transaction is finalized, expected later this month, contingent upon market conditions and customary closing requirements. The company, headquartered in Lincolnshire, IL, continues to expand its footprint in the RV retail sector, enhancing its service capabilities.

Camping World Holdings, Inc. (NYSE: CWH) declared a cash dividend of $0.50 per share on its Class A Common Stock, scheduled for payment on December 29, 2021. Stockholders recorded as of December 14, 2021 will receive this dividend. Future dividend payments will be contingent on various factors including operational results, financial condition, debt levels, and capital requirements. Camping World continues to emphasize its commitment to delivering value through its extensive RV product and service offerings, supporting its long-term vision.

Camping World Holdings, Inc. (NYSE: CWH) achieved record third-quarter results for the quarter ending September 30, 2021. Revenue reached $1.917 billion, a 14.2% increase year-over-year, while gross profit rose 29.7% to $691.4 million, reflecting an improved gross margin of 36.1%. Net income grew by 22.3% to $189.3 million, with diluted earnings per share at $1.72. The company also raised its 2021 Adjusted EBITDA guidance from $840 million to a range of $915 million to $930 million, highlighting strong operational performance.