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Lazydays Holdings Inc - LAZY STOCK NEWS

Welcome to our dedicated news page for Lazydays Holdings (Ticker: LAZY), a resource for investors and traders seeking the latest updates and insights on Lazydays Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lazydays Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lazydays Holdings's position in the market.

News
LAZYDAYS REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL RESULTS, PROVIDES UPDATE ON 2024 PERFORMANCE
Rhea-AI Summary
Lazydays (GORV) reported financial results for Q4 2023, facing economic pressures but improving unit volumes and gross profit. They anticipate a pre-tax loss in Q1 2024 but aim for profitability later in the year. Revenue decreased, leading to a non-cash goodwill impairment charge. The company acquired new locations and rebranded, focusing on digital retailing. They cancelled a rights offering, secured a mortgage facility, and received a waiver on financial covenants. Cash balance is $45 million, with positive operational cash flow in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.19%
Tags
earnings
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News
LAZYDAYS ANNOUNCES REBRANDING ACTIONS AND STOCK SYMBOL CHANGE
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) has announced a nationwide rebranding campaign, introducing new logos, colors, and fonts, as well as a re-imagined digital retail shopping experience. The Company's stock symbol will change from LAZY to GORV effective January 17, 2024. The rebranding is aimed at modernizing the brand while preserving its rich history and tradition. Lazydays also plans to launch a new website with advanced features and enhanced user experience. The Company's goal is to make the RV lifestyle more accessible and convenient for its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.24%
Tags
none
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News
LAZYDAYS NAMES AMBER DILLARD VICE PRESIDENT, OPERATIONS
Rhea-AI Summary
Lazydays (LAZY) appoints Amber Dillard as Vice President, Operations, reflecting over a decade of commitment and service to the company. Amber brings extensive experience in accounting, supply chain, vehicle purchasing, and inventory management. She will work closely with General Managers to drive operational performance and expand the company's network of stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
News
LAZYDAYS ANNOUNCES $35 MILLION MORTGAGE LOAN FACILITY
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) has closed on a $35 million mortgage loan facility funded by clients of Coliseum Capital Management. The facility is secured by mortgages against certain dealership facilities and land held for future development, bearing interest at a rate of 12% and maturing in December 2026. This provides liquidity and flexibility for the company's ownership strategy, preventing fixed costs from increasing due to rent adjustments over time. The net proceeds will be used for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.36%
Tags
none
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News
LAZYDAYS ANNOUNCES ACQUISITION OF ORANGEWOOD RV CENTER IN SURPRISE, ARIZONA
Rhea-AI Summary
Lazydays (LAZY) announces the acquisition of Orangewood RV Center, now renamed 'Lazydays RV of Phoenix at Arrowhead', marking its 24th location in the Western region. The new store is expected to generate approximately $40 million in annualized revenue, contributing to over $300 million from recent acquisitions and greenfield locations in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.22%
Tags
acquisition
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News
Bowlus and Lazydays Announce Exclusive National Partnership
Rhea-AI Summary
LAZY - Bowlus Announces Exclusive National Partnership with Lazydays, Opening Five New Dealerships. Bowlus, the leader in luxury RVs, partners with Lazydays to open five new dealerships across the US. The partnership solidifies Lazydays' position as the most comprehensive luxury dealership in the RV industry and creates an unparalleled white-glove sales and service experience for Bowlus luxury products. The exclusive service relationship at all Lazydays locations nationwide further enhances the customer experience. Bowlus Founder and CEO, Geneva Long, highlights the expansion as an opportunity for customers to experience the ultimate in luxury, technology, and performance nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.75%
Tags
partnership
News
LAZYDAYS ANNOUNCES CANCELLATION OF RIGHTS OFFERING TO STOCKHOLDERS
Rhea-AI Summary
Lazydays Holdings, Inc. (Nasdaq: LAZY) cancels previously announced rights offering due to industry conditions and decline in stock price. The company will seek alternative funding sources and slow down acquisitions to align with operational cash flows and market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
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News
LAZYDAYS ANNOUNCES ACQUISITION OF STORE IN ST. GEORGE, UTAH
Rhea-AI Summary
Lazydays announces the acquisition of RVzz, an RV dealership in St. George, Utah, renaming it 'Lazydays RV of St. George'. This marks their 23rd location and strengthens their presence in the Southwest region. The company expects $35 million in annualized revenue from the new store. They will add Grand Design and Winnebago towable inventory to the existing high-quality brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
acquisition
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News
LAZYDAYS REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) reported financial results for Q3 2023. Revenue decreased to $280.7 million from $333.8 million in Q3 2022. Net loss was $(5.6) million compared to net income of $7.7 million in the same period last year. Adjusted net loss was $(2.9) million compared to net income of $14.4 million. Year to date net loss was $(2.3) million compared to net income of $67.8 million in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
earnings
News
LAZYDAYS ANNOUNCES OPENING OF NEW LOCATION IN FORT PIERCE, FL
Rhea-AI Summary
Lazydays (LAZY) has opened Lazydays RV of Fort Pierce in Fort Pierce, Florida, strengthening its position as one of the largest RV retailers in the state. The dealership offers over 250 new and used RVs for sale, top-tier inventory from renowned brands, and a Service Department with 20 service bays and a body shop/collision center.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
Stock LAZY logo
Lazydays Holdings Inc

Nasdaq:LAZY

LAZY Rankings

N/A Ranked by Market Cap
#4645 Ranked by Stock Gains
N/A Ranked by Dividends

LAZY Stock Data

Recreational Vehicle Dealers
Retail Trade
US
New York

About LAZY

lazydays is the rv authority. as the world’s largest rv dealership (with locations in tampa, fl, and tucson, az), lazydays is america’s rv destination. since 1976, lazydays has built its reputation on providing an outstanding customer experience with exceptional service and product expertise, and as a place to rest and recharge with other rvers. nearly one million rvers and their families visit lazydays every year, making it “their home away from home.” with more than 1700 rvs available between tampa and tucson, lazydays offers the nation’s largest selection of rv brands, including airstream, american coach, entegra coach, fleetwood rv, forest river, grand design, keystone rv, lance campers, thor motor coach, tiffin motorhomes, winnebago, and many more in all shapes, sizes, and floor plans, in every price range, for every budget. whether you’re a seasoned rver or someone looking for your first recreational vehicle, lazydays always provides the services you need to maximize your