Camping World Holdings (CWH) AI Stock Analysis

• Market Cap: $1.35B
• Dividend Yield: 3.8%
• Average Volume (3M): 2.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.11
• Revenue Growth: 6.58%
• EPS Growth: -72.69%
• Country: US
• Employees: 12,701
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Dealerships
• EPS (TTM): 0.43
• Shares Outstanding: 62,819,557
• 10 Day Avg. Volume: 2,763,686
• 30 Day Avg. Volume: 2,161,160
• PEG Ratio: 0.12
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 6.56
• Enterprise Value/Market Cap: 3.51
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 2.47
• Enterprise Value/Ebitda: 8.28
• 1Y Price Target: $19.17
• Price Target Upside: 45.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 44 Neutral
• Price Target: $12.00 ▼(-8.81% Downside)

Camping World Holdings faces significant financial challenges with high leverage and negative profitability metrics, which are the most impactful factors on its overall score. The technical analysis indicates a bearish trend, although the stock is oversold, suggesting potential for a rebound. The valuation is weak due to a negative P/E ratio, but the dividend yield offers some investor value. The earnings call provides a more optimistic view with strong EBITDA growth and cash position, but macroeconomic uncertainties and declining new RV demand remain concerns.

Positive Factors

Adjusted EBITDA Growth

The significant growth in adjusted EBITDA reflects strong operational performance and efficiency improvements, which can enhance long-term profitability and financial stability.

Market Share in RV Sales

Achieving record unit volume in RV sales highlights Camping World's strong market position and consumer focus on value, supporting sustained revenue growth.

Improved Net Leverage

Reducing net leverage through debt paydown and earnings improvement enhances financial flexibility and reduces risk, supporting long-term financial health.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Cash Flow Challenges

Negative cash flows indicate liquidity issues, which could hinder the company's ability to sustain operations and meet financial obligations without external financing.

New RV Demand Decline

Declining demand for new RVs due to rising prices and macroeconomic factors could impact future revenue growth, necessitating strategic adjustments to maintain market share.

Camping World Holdings Business Overview & Revenue Model

Company Description

Camping World Holdings (CWH) is a leading retailer of recreational vehicles (RVs) and related products and services in the United States. The company operates through its extensive network of retail locations, offering a wide range of new and used RVs, parts and accessories, as well as RV maintenance and repair services. Camping World also provides various financing options and insurance products, catering to the needs of RV enthusiasts and outdoor adventurers.

How the Company Makes Money

Camping World Holdings generates revenue through multiple streams, primarily from the sale of new and used RVs, which constitutes a significant portion of its income. Additionally, the company earns money by selling parts and accessories for RVs, as well as providing maintenance and repair services. Another key revenue source is the financing and insurance services offered to customers, often in partnership with financial institutions. The company's broad retail footprint and strong brand presence in the RV market, along with strategic acquisitions of other RV dealerships, contribute to its overall earnings.

Camping World Holdings Financial Statement Overview

Summary

Camping World Holdings faces challenges with high leverage and low profitability margins. While revenue growth is stable, the company's financial health is impacted by significant debt levels and constrained cash flow, which could limit future expansion and operational flexibility.

Income Statement

Over the TTM, Camping World Holdings shows a moderate gross profit margin of 30.03% and a low net profit margin of 0.88%. Revenue growth is sluggish, with only a 3.59% increase compared to the previous year. EBIT and EBITDA margins are relatively low at 3.17% and 3.31% respectively, indicating limited profitability.

Balance Sheet

The company's debt-to-equity ratio is quite high at 6.61, reflecting significant leverage which poses potential risk. Return on equity is reasonable at 16.37%, suggesting decent profitability relative to shareholder investment, but the equity ratio remains low at 6.56%, indicating a heavy reliance on debt financing.

Cash Flow

Free cash flow growth is minimal at 2.93%, with operating cash flow to net income ratio at 2.08, showing good cash generation relative to net income. However, the free cash flow to net income ratio is low at 0.28, pointing to limited cash flow available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.40B	6.10B	6.23B	6.97B	6.91B	5.45B
Gross Profit	1.92B	1.83B	1.88B	2.26B	2.47B	1.70B
EBITDA	570.44M	255.75M	343.63M	662.33M	908.42M	563.75M
Net Income	-54.10M	-38.64M	33.37M	136.95M	278.46M	122.34M
Balance Sheet
Total Assets	5.00B	4.86B	4.85B	4.80B	4.37B	3.26B
Cash, Cash Equivalents and Short-Term Investments	230.51M	208.42M	39.65M	130.13M	267.33M	166.07M
Total Debt	2.32B	3.64B	3.86B	3.78B	3.34B	2.58B
Total Liabilities	4.52B	4.38B	4.63B	4.55B	4.14B	3.27B
Stockholders Equity	296.22M	326.56M	124.58M	147.83M	158.06M	26.77M
Cash Flow
Free Cash Flow	-183.28M	154.32M	110.31M	-21.69M	-99.50M	662.57M
Operating Cash Flow	-68.15M	245.16M	310.81M	189.78M	154.00M	747.67M
Investing Cash Flow	-209.99M	-88.17M	-369.41M	-422.54M	-355.77M	-125.94M
Financing Cash Flow	527.43M	11.79M	-31.89M	95.55M	303.03M	-603.18M

Camping World Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWH, the sentiment is Negative. The current price of 13.16 is below the 20-day moving average (MA) of 15.14, below the 50-day MA of 16.27, and below the 200-day MA of 17.02, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 35.02 is Neutral, neither overbought nor oversold. The STOCH value of 10.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWH.

Camping World Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RUSHA	―	$3.90B	14.67	12.76%	1.45%	-1.95%	-10.89%
RUSHB	―	$3.90B	15.57	12.76%	1.34%	-1.95%	-10.89%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
KMX	―	$6.15B	12.31	8.42%	―	2.17%	28.59%
AN	―	$7.29B	11.76	27.16%	―	6.06%	-1.71%
CWH	―	$1.35B	-14.14	-26.78%	3.80%	6.58%	-72.69%
GORV	―	$8.07M	-0.02	-201.56%	―	-32.14%	68.58%

Camping World Holdings Corporate Events

Camping World Holdings Reports Strong Q3 2025 Results

Camping World Holdings, Inc., the world’s largest retailer of recreational vehicles (RVs) and related products, operates in the RV and outdoor retail industry, offering a comprehensive range of RV products and services through its national network of dealerships and service centers.

Camping World Holdings’ Earnings Call Highlights Growth and Challenges

Despite significant growth in adjusted EBITDA and a robust cash position, Camping World Holdings faces challenges in new RV demand and macroeconomic uncertainty, impacting its outlook. However, the company remains confident in leveraging used RV sales and operational efficiencies to drive future growth.

Camping World Holdings Reports Strong Q2 2025 Results

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, is the world’s largest retailer of recreational vehicles (RVs) and related products and services, operating through its Camping World and Good Sam brands. The company aims to make RVing and outdoor adventures accessible and enjoyable, with a comprehensive range of RV products and services, a national network of dealerships, and a strong online presence.

Camping World Holdings Reports Record RV Sales and Revenue Gains

The recent earnings call for Camping World Holdings was marked by a generally positive sentiment, highlighting robust sales performance and significant market share gains, particularly in the used RV segment, finance, and insurance. However, the company also acknowledged ongoing challenges, such as headcount reductions, pressure on new RV average selling prices (ASPs), and the need to achieve their SG&A reduction goals.