Earnings summaries and quarterly performance for Camping World Holdings.
Executive leadership at Camping World Holdings.
Board of directors at Camping World Holdings.
Research analysts who have asked questions during Camping World Holdings earnings calls.
JA
Joseph Altobello
Raymond James & Associates, Inc.
5 questions for CWH
Also covers: BC, BRCC, DOOO +16 more
James Hardiman
Citigroup
4 questions for CWH
Also covers: BC, CCL, CUK +14 more
Scott Stember
ROTH MKM
4 questions for CWH
Also covers: AZO, BC, DORM +9 more
TT
Tristan Thomas-Martin
BMO Capital Markets
4 questions for CWH
Also covers: BC, DOOO, DRVN +6 more
Alexander Perry
Bank of America
3 questions for CWH
Also covers: COLM, FOXF, GOOS +10 more
Alice Wycklendt
Robert W. Baird & Co.
3 questions for CWH
Also covers: CPRT, LCII, PATK +1 more
Noah Zatzkin
KeyBanc Capital Markets
3 questions for CWH
Also covers: BC, GOLF, GRMN +9 more
PB
Patrick Buckley
Jefferies Financial Group Inc.
3 questions for CWH
Also covers: GPI, HLLY, LCII +4 more
RB
Ryan Brinkman
JPMorgan Chase & Co.
3 questions for CWH
Also covers: AXL, BWA, CAR +7 more
BJ
Bret Jordan
Jefferies
2 questions for CWH
Also covers: AAP, ABG, AN +19 more
JH
John Healy
Northcoast Research
2 questions for CWH
Also covers: ACVA, CAR, CPRT +8 more
Michael Swartz
Truist Securities
2 questions for CWH
Also covers: BC, FOXF, FUN +11 more
Alex Perry
Bank of America
1 question for CWH
Also covers: HOG
BR
Brandon Rollé
D.A. Davidson
1 question for CWH
Also covers: DOOO, HOG, HZO +5 more
CK
Craig Kennison
Robert W. Baird & Co. Incorporated
1 question for CWH
Also covers: BC, CPRT, DOOO +15 more
SW
Sean Wagner
Citigroup
1 question for CWH
Also covers: DOOO, FUN, HZO +3 more
TT
Tristan Thomas Martin
BMO Capital Markets
1 question for CWH
Also covers: BC, DOOO, DORM +3 more
Recent press releases and 8-K filings for CWH.
Camping World Holdings Expands Partnership with Octane
CWH
New Projects/Investments
Revenue Acceleration/Inflection
- Good Sam, a subsidiary of Camping World Holdings, has deepened its partnership with Octane Lending, Inc., a fintech company.
- The expanded relationship aims to increase loan origination volumes across Camping World's nearly 200 dealership locations and digital platforms, leveraging Octane's technology in the F&I process.
- Good Sam also made a modest strategic investment by participating in Octane's Series F funding round, which aligns interests and supports an asset-light strategy for financing.
- A pilot launched in January 2024 demonstrated that the Good Sam brand positively impacts F&I performance, with expectations for meaningful cost savings and ROI from technology initiatives.
Dec 16, 2025, 12:30 PM
Camping World Holdings Faces Investigation Following Financial Restatement
CWH
Legal Proceedings
Financial Restatement
Accounting Changes
- Bragar Eagel & Squire, P.C. is investigating potential claims against Camping World Holdings, Inc. (NYSE:CWH) concerning possible violations of federal securities laws and/or unlawful business practices.
- On October 28, 2025, Camping World announced its third-quarter 2025 financial results, disclosing that management identified prior period misstatements related to the measurement of the realizable portion of the Company's outside basis difference deferred tax asset.
- The company subsequently revised its 2024 annual report, increasing its reported deferred tax assets by $43.8 million.
- Following this news, Camping World's stock price fell $4.17 per share, or 24.79%, to close at $12.65 on October 29, 2025.
Dec 11, 2025, 11:46 PM
Camping World Holdings Announces CEO Succession and Strategic Priorities
CWH
CEO Change
Guidance Update
Demand Weakening
- Camping World Holdings announced a CEO succession plan, with Marcus Lemonis stepping down as Chairman and CEO, and Matt Wagner formally taking over as CEO on January 1. Lemonis will remain a material shareholder and advisor but will not serve on the board.
- The company targets a minimum of $310 million in earnings (EBITDA) for the next year (2026), representing a 20% year-over-year improvement, driven by SG&A reductions, growth in new and used RV sales, and M&A.
- Net deleveraging is priority number one, with a target leverage ratio of under 3.5x, ideally under 3x. The company plans to re-enter acquisition mode, focusing on smaller "tuck-in" opportunities and expanding the Good Sam business.
- The new RV market experienced a modest softening in late September, with October new RV sales down 7.5%-8%. However, the used RV market continues to show double-digit plus growth.
Dec 9, 2025, 2:20 PM
Camping World Holdings Announces CEO Succession Plan
CWH
CEO Change
Management Change
Guidance Update
Demand Weakening
M&A
- Camping World Holdings announced a management succession plan, with Marcus Lemonis stepping down as Chairman and CEO, and Matt Wagner taking over as CEO, effective January 1.
- Marcus Lemonis will remain an advisor to Matt Wagner and retain his ownership stake and golden share, but will not be on the board.
- The company projects a minimum floor of $310 million in earnings, a 20% improvement year over year, with potential upside from SG&A cuts, used RV sales growth, and M&A.
- While the new RV market is expected to see a sequential slowdown in late 2025 and early 2026, the used RV market continues to perform well with double-digit plus growth.
- Net deleveraging is the top capital allocation priority, with a target leverage ratio of under 3.5x, ideally under 3x.
Dec 9, 2025, 2:20 PM
Camping World Holdings Announces CEO Transition and 2026 Financial Outlook
CWH
CEO Change
Guidance Update
M&A
- Marcus Lemonis will step down as Chairman and CEO of Camping World Holdings on January 1, with Matt Wagner assuming the CEO role. Lemonis will not serve on the board but will advise.
- The company targets a minimum of $310 million in earnings for 2026, a projected 20% year-over-year improvement, driven by at least $15 million in SG&A cuts, growth in RV sales, and M&A.
- While the new RV market saw a 7.5%-8% decline in October and is expected to slow sequentially, the used RV market continues to experience double-digit plus growth.
- The company's top priority is debt reduction to under 3.5x leverage, enabling strategic, smaller acquisitions and expansion of the Good Sam business to reduce earnings volatility.
Dec 9, 2025, 2:20 PM
Camping World Holdings Announces CEO and Board Leadership Succession Plan
CWH
CEO Change
Board Change
Management Change
- Matthew Wagner will succeed Marcus Lemonis as Chief Executive Officer of Camping World Holdings and join the Board of Directors on January 1, 2026, following Mr. Lemonis's retirement.
- Brent Moody will assume the role of Chairman of the Board of Directors on January 1, 2026.
- Marcus Lemonis will transition to serve as Co-Founder and Special Advisor to the Company after his retirement from his current CEO, Chairman, and Board member roles at year-end.
Dec 8, 2025, 9:10 PM
Camping World (CWH) Outlines 2026 Adjusted EBITDA Estimate and Mid-Cycle Targets
CWH
Guidance Update
New Projects/Investments
Demand Weakening
- Camping World (CWH) has provided an estimate of approximately $310 million in adjusted EBITDA earnings for 2026, which they believe they can exceed through initiatives such as targeting an additional $15 million in SG&A savings, increasing used RV sales (initially projected at 7%-8% year-over-year growth), and pursuing additional dealership M&A.
- The company holds a significant market position, commanding about 13.5% of the total new and used RV market and 25% of all new RVs sold in North America.
- A mid-cycle adjusted EBITDA goal of $520 million to $525 million is targeted, which is based on an industry volume closer to 400,000 units (compared to current 340,000-350,000) and improved affordability, including potential interest rate tailwinds.
- The Good Sam business, which contributes about $100 million in EBITDA, is expanding into adjacent industries like marine and powersports, leveraging its 1.6 million RV enthusiast community.
- Management has observed a stabilization in combined new and used RV sales over recent weeks and months, noting that 80% of consumers finance their RVs, making affordability a key factor in their sales strategy.
Nov 19, 2025, 5:00 PM
Camping World Holdings Outlines 2026 EBITDA Targets and Growth Drivers
CWH
Guidance Update
M&A
Revenue Acceleration/Inflection
- Camping World Holdings (CWH) has set an adjusted EBITDA target of approximately $310 million for 2026, with a mid-cycle goal of $525 million based on an industry volume of around 400,000 units.
- Key strategies to exceed the 2026 target include targeting an additional $15 million in SG&A savings, increasing used RV sales (conservatively estimated at 7%-8% growth), and pursuing additional dealership M&A.
- CWH holds a significant market position, capturing about 25% of all new RV sales and 13.5% of the total new and used RV market in North America. The company sees substantial growth potential in the used RV market, which is about twice the size of the new market.
- The company leverages a proprietary data system for accurate used RV valuation and its balance sheet for acquisitions, providing a competitive edge. Additionally, its exclusive private label brands constitute approximately 40% of new RV sales, enabling bespoke offerings and market penetration.
Nov 19, 2025, 5:00 PM
Camping World Holdings Outlines 2026 Adjusted EBITDA Target and Strategic Drivers
CWH
Guidance Update
M&A
New Projects/Investments
- Camping World Holdings (CWH) operates nearly 200 RV dealerships and the Good Sam consumer community network, commanding approximately 13.5% market share of new and used RVs in North America.
- The company estimates $310 million in adjusted EBITDA earnings for 2026, with potential upside driven by SG&A savings (targeting an additional $15 million), increased used RV sales, and dealership M&A.
- CWH has spent the last two years right-sizing inventory and SG&A following deflation in new RV invoice prices in 2023.
- The Good Sam business, with 1.6 million members, is considered an undervalued asset with record revenues and expansion into adjacent industries, boasting an NPS score of 78 for its roadside assistance.
Nov 19, 2025, 5:00 PM
Camping World Holdings Reports Strong Q3 2025 Results and Provides Conservative 2026 Outlook
CWH
Earnings
Guidance Update
Demand Weakening
- Camping World Holdings reported Q3 2025 adjusted EBITDA growth of over 40% to $95.7 million and revenue over $1.8 billion, an increase of 5% driven by a 30%+ increase in used unit volume.
- The company provided a conservative adjusted EBITDA floor of $310 million for 2026, which does not include potential upside from $15 million in cost takeouts, used unit sales, or M&A.
- CWH aims to achieve a net leverage of 4 or below by the end of 2026, having already reduced net leverage by nearly three turns since the beginning of the year.
- The company is strategically focusing on used RV sales, targeting new unit margins in the 13%-14% range and used unit margins in the 18%-20% range for 2026, while maintaining a cautious approach to new RV inventory due to anticipated 5%-7% OEM price increases.
Oct 29, 2025, 12:30 PM
Quarterly earnings call transcripts for Camping World Holdings.
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