Lazydays Hldgs Inc Stock Price, News & Analysis

Lazydays Holdings (NASDAQ: GORV) has completed significant liquidity-enhancing transactions through agreements with its lenders, generating $14 million in liquidity and reducing non-floorplan debt by $15 million. The company achieved this through the divestiture of non-core dealerships in Mesa (AZ), Fort Pierce (FL), Longmont (CO), and Las Vegas (NV), with the Las Vegas transaction expected to close shortly. These strategic moves reduce the company's non-floorplan indebtedness to approximately $44 million and lower interest expenses. CEO Ron Fleming emphasized that these agreements provide enhanced liquidity and flexibility to advance their turnaround strategy, focusing on revitalizing core dealership operations while streamlining their footprint through non-core asset sales.

Lazydays Holdings (GORV) has completed the sale of its Longmont, Colorado location to General RV Center, marking the final transaction in a previously announced three-store deal. General RV, a third-generation family-owned business, sees this acquisition as part of its expansion strategy, marking its first entry into Colorado. The company has significantly grown in recent years, nearly doubling its Supercenter count to 23 locations across nine states. Lazydays will maintain its presence in Colorado through its legacy store in Loveland, which has been operational for almost a decade. This transaction aligns with Lazydays' strategy to streamline its operations while enabling General RV to expand its geographical footprint and customer service capabilities.

Lazydays Holdings (GORV) has completed the asset and real estate sale of its Ft. Pierce, Florida location to General RV Center. This transaction marks the second previously announced divestiture, with the final remaining sale in Longmont, Colorado expected to close in the coming weeks. The sale aligns with Lazydays' strategy to streamline operations and optimize its dealership footprint while reducing debt and improving cash position. For General RV, the acquisition enhances their existing Fort Pierce Supercenter operations established in 2023, providing an expanded facility with strategic I-95 access. General RV has experienced significant growth, nearly doubling its Supercenter count nationwide over the past three years, now operating more than 20 locations across nine states, with their most recent expansion being the Mesa, Arizona location acquired in May 2025.

Lazydays Holdings (GORV) has successfully completed the sale of its Mesa, Arizona location to General RV Center. This transaction is part of Lazydays' broader operational turnaround plan and strategy to rightsize its dealership footprint. Two additional divestitures in Longmont, Colorado and Fort Pierce, Florida are expected to be completed in the coming weeks.

For General RV, this marks their first entry into Arizona, expanding their presence to nine states. The company, a third-generation family-owned business led by CEO Loren Baidas, has shown significant growth, nearly doubling its Supercenter count nationwide over the past three years to more than 20 locations across states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania, and Michigan.

Lazydays Holdings (GORV) reported its Q1 2025 financial results, showing mixed performance with improvements over previous quarters despite overall losses. Total revenue decreased to $165.8 million from $270.1 million in Q1 2024. The company posted a reduced net loss of $9.5 million compared to $22.0 million in Q1 2024, with loss per diluted share improving to $0.09 from $1.67.

Notable developments include the strategic divestiture of five dealership locations, enabling debt reduction of approximately $145 million. The company reported improved gross profit margins across all product lines, though Adjusted EBITDA remained negative at $(4.0) million, still better than $(18.2) million in Q1 2024. The quarter included $2.9 million in impairment charges related to indefinite-lived intangible assets.

Lazydays Holdings (NASDAQ: GORV) has announced it will release its first quarter 2025 financial results before market opening on May 15, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. Eastern Time. Interested parties can access the conference call via telephone at 877-407-8029 (domestic) or +1 201-689-8029 (international). A live webcast and replay of the call will be available on the company's investor relations website.

Lazydays Holdings (GORV) reported challenging financial results for Q4 and FY 2024. The company's total revenue declined to $159.9M in Q4 2024 from $198.0M in Q4 2023, while full-year revenue decreased to $871.6M from $1,082.7M.

Q4 2024 resulted in a net loss of $96.1M, compared to a $108.0M loss in Q4 2023, with Adjusted EBITDA at $(24.3M) versus $(10.7M). The company recorded $39.1M in impairment charges for assets held for sale and a $16.3M non-cash loss on warrant liabilities. Full-year 2024 net loss widened to $180.0M from $110.3M, with earnings per share declining to $(8.90) from $(8.45).

In strategic moves, Lazydays signed a letter of intent to divest three stores to General RV Center and completed the sale of five facilities to Camping World Holdings. However, Camping World declined to close on two dealership purchases in Portland and Council Bluffs.

Lazydays Holdings (GORV) has signed a letter of intent to sell three store locations to General RV Center. The stores, located in Ft. Pierce (Florida), Longmont (Colorado), and Mesa (Arizona), are expected to be divested within 75 days under a nonbinding agreement with an exclusivity provision.

The strategic divestiture aims to streamline Lazydays' operational footprint and is expected to generate significant cash for the balance sheet while reducing indebtedness and geographical redundancy. For General RV, this acquisition expands their presence into Arizona and Colorado markets, building upon their existing operations in Utah and Florida, where they currently operate seven dealerships.

Lazydays Holdings (NASDAQ: GORV) has scheduled the release of its fourth quarter and fiscal year 2024 financial results, to be announced before market opening on March 31, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. Eastern Time. Investors can participate via telephone at 877-407-8029 (domestic) or +1 201-689-8029 (international), with live and replay access available through the company's investor relations website.