Welcome to our dedicated page for Lazydays Hldgs news (Ticker: GORV), a resource for investors and traders seeking the latest updates and insights on Lazydays Hldgs stock.
Lazydays Holdings, Inc. (GORV) has a substantial body of news coverage reflecting both its historical role in the recreational vehicle (RV) dealership industry and its later-stage corporate restructuring and dissolution. Company press releases describe Lazydays as an RV-focused business that, since 1976, built its reputation around RV sales, service, and ownership experiences, supported by a wide selection of RV brands, service facilities, and an extensive range of accessories and parts.
The news flow for GORV includes operational updates, financial results, corporate actions, and significant strategic transactions. Earnings-related releases, such as the August 14, 2025 announcement of second quarter 2025 financial results, provide detail on revenue composition across new and pre-owned vehicle retail, wholesale, consignment, finance and insurance, and service, body and parts categories, along with metrics like gross profit margins and unit volumes. These items offer insight into how the company’s RV dealership operations performed over time.
Another major category of news involves asset divestitures and balance sheet actions. Releases in June and August 2025 describe the sale of specific dealership locations and related real estate, including transactions in Tulsa, Oklahoma; Mesa, Arizona; Fort Pierce, Florida; Longmont, Colorado; and Las Vegas, Nevada. The company framed these transactions as steps to streamline its footprint, generate liquidity, and reduce non-floorplan indebtedness.
Corporate and capital markets developments are also prominent in the news record. In July 2025, Lazydays announced a 1-for-30 reverse stock split intended to help regain compliance with Nasdaq’s minimum bid price requirement, followed by a notice in August 2025 that Nasdaq had confirmed compliance. Later, a November 7, 2025 press release and related Form 8-K disclosed the company’s intention to voluntarily delist its common stock from The Nasdaq Capital Market, citing the anticipated sale of substantially all assets and a Plan of Liquidation and Dissolution.
Subsequent filings and news items in October and November 2025 detail an Asset Purchase Agreement to sell substantially all of the company’s assets to entities affiliated with Campers Inn Holding Corporation, the series of closings across multiple states, and the company’s expectation that it would have no ongoing operations after completion of the asset sales. A November 28, 2025 Form 8-K confirms that Lazydays ceased business operations, entered into a general assignment for the benefit of creditors, filed a Certificate of Dissolution effective November 28, 2025, and that its common stock was delisted from Nasdaq on that date, with no liquidating distributions expected for stockholders.
This news page therefore serves as a historical archive of GORV-related developments, from operating and financial updates to the sequence of transactions that led to the company’s dissolution and delisting. Readers can use this coverage to trace how Lazydays’ RV dealership business evolved, how management addressed liquidity and debt, and how the final asset sales and liquidation process unfolded.
Lazydays Holdings (Nasdaq: GORV) reported challenging Q3 2024 results with total revenue declining to $213.5 million from $280.7 million in Q3 2023. The company posted a net loss of $17.7 million ($1.37 per diluted share) compared to a $5.6 million loss in Q3 2023. For the nine months ended September 30, 2024, revenue decreased to $722.7 million from $884.7 million, with a net loss of $83.9 million. The company recently completed recapitalization transactions to strengthen its financial foundation, streamline its balance sheet, and enhance liquidity.
Lazydays Holdings (NasdaqCM: GORV) has scheduled its third-quarter fiscal year 2024 earnings release for Monday, November 18, 2024, after market close. The company will simultaneously file its SEC Form 10-Q. A conference call to discuss results and the recently announced comprehensive recapitalization and strategic asset sales is scheduled for Tuesday, November 19, 2024, at 8:30 a.m. Eastern Time. The call will be accessible via phone (877-407-8029 / +1 201-689-8029) and webcast, with a replay available on the company's investor relations website.
Lazydays Holdings (GORV) announced transformative transactions to strengthen its financial position, including the sale of eight dealerships and a comprehensive recapitalization plan. The company will sell seven dealerships and issue common stock to Camping World for $65.5 million, plus one dealership to another buyer for $8 million. The plan includes a $30 million common equity PIPE at $1.03 per share, a planned $25 million rights offering, and conversion of all preferred stock to common stock. These transactions will reduce debt by $65 million, eliminate $68 million in preferred stock obligations, and cut $16 million in interest and dividend payments. Post-transactions, Lazydays expects to have $35 million in cash and $61 million in debt, with 119.5 million shares outstanding.
Lazydays Holdings, Inc. (NasdaqCM: GORV) has announced the promotion of Amber Dillard to Chief Operating Officer, effective September 17, 2024. Dillard, previously Vice President of Operations, will report to Interim CEO Ron Fleming. With over 13 years of experience at Lazydays, Dillard has worked across various functions including accounting, supply chain, and dealership operations. In her new role, she will lead collaborations with OEM partners and dealership General Managers to enhance operational performance and customer satisfaction.
Dillard joined Lazydays in 2011 and has a background in public and non-profit accounting. She holds a bachelor's degree in Accounting from Florida State University and was named to the inaugural class of the RVIA 40 under 40 award winners in 2017. Lazydays, founded in 1976, is a prominent RV industry player known for exceptional sales, service, and ownership experiences.
Lazydays Holdings (NASDAQ: GORV) announced a leadership transition on September 14, 2024. Ronald Fleming has been appointed as Interim CEO and joined the Board of Directors, replacing John North, who stepped down on September 13, 2024. Fleming, with over four decades of experience in the RV industry, previously served as Lazydays' Senior Vice President of Operations until August 2023. He was instrumental in the company's public listing in 2018 and the acquisition of over 20 locations.
The Board expressed confidence in Fleming's ability to lead Lazydays out of the current downturn and return to growth. Fleming emphasized his commitment to building on the company's strong partnerships with OEMs and delivering an unparalleled customer experience. As part of his appointment, Fleming will receive a stock option to purchase 1,500,000 shares at $2.00 per share, subject to vesting conditions.
Lazydays (GORV) reported Q2 2024 results with total revenue of $238.7 million, down from $308.4 million in Q2 2023. The company posted a net loss of $44.2 million compared to a net income of $3.6 million in the same period last year. Adjusted net loss was $18.4 million, with a loss per diluted share of $3.22.
Key points:
- F&I per unit improved to over $5,300, up 6.9%
- Implemented cost reduction actions expected to save $25 million annually
- Closed Waller, Texas dealership and consolidated operations in Surprise, Arizona
- Received nonbinding commitment for additional $5 million in capital
- Executed temporary waiver for financial covenants
Lazydays Holdings, Inc. (NasdaqCM: GORV) has announced the schedule for releasing its second quarter 2024 financial results. The company will disclose the results before the market opens on August 16, 2024. Following the release, Lazydays will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can participate in the conference call by dialing 877-407-8029 (domestic) or +1 201-689-8029 (international). For those unable to join the live call, a replay will be available on the company's investor relations website at www.lazydays.com/investor-relations.
Lazydays Holdings (NasdaqCM: GORV) has appointed Robert DeVincenzi as Chairman of the Board, effective June 9, 2024. This follows the decision of Christopher Shackelton, the Managing Partner of Coliseum Capital Management, to step down after six years on the Board. DeVincenzi, who has served as lead independent director since October 2021 and as interim CEO from January to September 2022, will now lead the Board which consists of seven directors, six of whom are independent. Lazydays is one of the largest RV dealers in the U.S., and DeVincenzi aims to drive operational excellence and create sustainable value for shareholders.
Mr. DeVincenzi also serves as non-executive Chairman of Universal Technical Institute and is a principal partner in Lupine Venture Group. He has a rich background in leadership roles, including positions at Redflex Holdings and Lasercard The Board and Lazydays' management look forward to his strategic guidance as they navigate current economic challenges and position the business for long-term success.
Lazydays (NasdaqCM: GORV) reported its first-quarter results for 2024, reflecting a net loss of $22.0 million compared to a $0.3 million loss in Q1 2023. Revenue fell to $270.6 million, down from $295.7 million the previous year. Adjusted net loss was $21.4 million, contrasting with an adjusted net income of $1.2 million in Q1 2023. The company anticipates a pre-tax loss for the full year but expects positive EBITDA and adjusted operational cash flow.
CEO John North highlighted the company's focus on maintaining a healthy inventory with over 90% of units being 2024 and 2025 models. A $15 million increase in their mortgage loan facility was secured to provide financial flexibility. The company issued warrants for 2 million shares at $5.25 each as part of this funding. Cash on hand totals $39 million, with potential for an additional $45 million from refinancing.
Lazydays Holdings, Inc. (NasdaqCM: GORV) has delayed the filing of its Form 10-Q with the SEC, leading to the postponement of its first quarter 2024 earnings release and conference call. The company aims to file the Form 10-Q within the 5-day grace period provided by rule 12b-25.
Lazydays, a key player in the RV industry since 1976, is known for its exceptional RV sales, service, and ownership experiences. The company is focused on rapid expansion through acquisitions and new builds, offering a wide selection of RV brands, state-of-the-art service facilities, and a range of accessories and parts to cater to RV enthusiasts.