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Lazydays Holdings (GORV)
NASDAQ:GORV
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Lazydays Holdings
(NASDAQ:GORV)
40Underperform
Lazydays Holdings (GORV) vs. S&P 500 (SPY)
Market Cap
$16.52M
Dividend YieldN/A
Average Volume (3M)200.26K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth-18.48%
EPS Growth-7.78%
CountryUS
Employees1,100
SectorConsumer Cyclical
Sector Strength73
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-0.09
Shares Outstanding110,125,755
10 Day Avg. Volume317,769
30 Day Avg. Volume200,256
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.08
Price to Sales (P/S)0.00
P/FCF Ratio0.22
Enterprise Value/Market Cap29.43
Enterprise Value/Revenue0.13
Enterprise Value/Gross Profit3.23
Enterprise Value/Ebitda-1.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
Lazydays Holdings Business Overview & Revenue Model
Company DescriptionLazydays Holdings, Inc. operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida. The company was founded in 1976 and is based in Tampa, Florida.
How the Company Makes MoneyLazydays Holdings generates revenue primarily through the sale of new and pre-owned recreational vehicles. The company's dealerships serve as the primary sales channels, where customers can explore and purchase a variety of RV models. In addition to vehicle sales, Lazydays earns significant revenue from its service and parts departments, offering maintenance, repairs, and a wide range of accessories to enhance the RV ownership experience. The company also benefits from finance and insurance offerings, providing customers with financing options and insurance products tailored for RVs. Strategic partnerships with leading RV manufacturers and financial institutions further bolster Lazydays' revenue streams, allowing the company to offer competitive pricing and financing solutions.
Lazydays Holdings Financial Statement Overview
Summary
Lazydays Holdings is facing significant financial hurdles, marked by declining revenues, profitability challenges, and increased financial leverage. While recent improvements in free cash flow provide some optimism, the overall financial health requires strategic interventions to stabilize and improve the company's financial trajectory.Income Statement
Lazydays Holdings experienced significant challenges in its income statement. Gross profit margins have declined over recent years, and there was a negative net profit margin in the most recent year, indicating losses. The revenue growth rate has also been negative, reflecting a concerning downward trend in sales. Losses in EBIT and EBITDA margins further signify operational inefficiencies.35
Negative
Balance Sheet
The balance sheet reflects high leverage, with a debt-to-equity ratio that has increased over time. The company's return on equity has turned negative, and the equity ratio has declined, indicating reduced financial stability. These factors pose potential risks if not addressed promptly.40
Negative
Cash Flow
Cash flow analysis shows some positive elements, such as the improvement in operating cash flow and free cash flow in the latest year. However, the previous negative free cash flow growth and the fluctuating operating cash flow to net income ratio highlight potential challenges in sustaining cash generation.50
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 871.56M | 1.08B | 1.33B | 1.24B | 817.11M | Gross Profit |
| 160.85M | 210.23M | 311.93M | 310.37M | 167.72M | EBIT |
| -98.95M | 14.20M | 90.00M | 125.84M | 48.47M | EBITDA |
| -95.77M | -87.33M | 118.93M | 133.25M | 47.93M | Net Income Common Stockholders |
| -179.96M | -110.27M | 45.42M | 55.27M | 14.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 24.70M | 58.09M | 61.69M | 98.12M | 63.51M | Total Assets |
| 675.83M | 937.74M | 850.61M | 719.23M | 463.74M | Total Debt |
| 494.28M | 680.25M | 537.34M | 402.84M | 288.30M | Net Debt |
| 469.58M | 622.16M | 475.65M | 304.72M | 224.79M | Total Liabilities |
| 602.48M | 724.55M | 613.60M | 513.10M | 378.22M | Stockholders Equity |
| 73.35M | 213.19M | 237.01M | 206.13M | 85.52M |
| Cash Flow | Free Cash Flow | |||
| 75.33M | -131.72M | -111.84M | -18.49M | 92.43M | Operating Cash Flow |
| 94.35M | -36.48M | -71.96M | 2.77M | 111.07M | Investing Cash Flow |
| -8.13M | -192.96M | -54.54M | -84.13M | -30.32M | Financing Cash Flow |
| -119.61M | 225.84M | 90.07M | 115.96M | -48.69M |
Lazydays Holdings Technical Analysis
Negative
0.16
Price Trends
0.37
Negative
0.58
Negative
1.03
Negative
Market Momentum
-0.06
Negative
31.91
Neutral
15.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GORV, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.37, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 31.91 is Neutral, neither overbought nor oversold. The STOCH value of 15.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GORV.
Lazydays Holdings Risk Analysis
Lazydays Holdings disclosed 39 risk factors in its most recent earnings report. Lazydays Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lazydays Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $713.76M | 16.62 | 9.35% | ― | 2.24% | -57.33% | |
71 Outperform | $435.81M | 58.07 | 1.50% | ― | -2.26% | ― | |
61 Neutral | $7.00B | 11.55 | 3.07% | 3.89% | 2.60% | -21.53% | |
60 Neutral | $1.69B | ― | -13.97% | 3.02% | 0.75% | -412.53% | |
48 Neutral | $99.19M | ― | -130.43% | ― | -14.45% | 78.09% | |
40 Underperform | $16.52M | ― | -143.68% | ― | -18.48% | -7.78% | |
40 Underperform | $864.73M | ― | 260.24% | ― | 9.33% | 50.69% |
* Consumer Cyclical Sector Average
Performance Comparison
GORV
Lazydays Holdings
0.16
-3.50
-95.63%
CRMT
America's Car-Mart
52.25
-12.21
-18.94%
CWH
Camping World Holdings
16.42
-4.00
-19.59%
CARS
Cars
10.86
-7.61
-41.20%
RMBL
RumbleON
2.39
-4.16
-63.51%
UXIN
Uxin
4.55
1.03
29.26%
Lazydays Holdings Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q4-2024)
| % Change Since: -65.96%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant strategic moves to strengthen the company's financial position and streamline operations. However, these positive developments were overshadowed by declining sales, increased expenses, and a substantial adjusted EBITDA loss, indicating ongoing challenges in the market.Q4-2024 Updates
Positive Updates
Recapitalization and Financial Restructuring
Completed a comprehensive recapitalization that included a $30 million common equity pipe, exchange of convertible preferred stock for common, and an amendment of the credit facility, enhancing the capital structure and reducing debt.
Strategic Divestitures
Sold one dealership asset for $8 million and agreed to sell seven additional dealerships to Camping World for $65.5 million, retaining a $10 million deposit from Camping World.
Operational Improvements
Improved gross profit per unit sold and increased F&I revenue to over $6,000 per unit, up 3% from the previous quarter, with strong finance penetration at approximately 73%.
Towable Inventory Demand
Towable products now make up 77% of new inventory, up from 73% last year, reflecting consumer demand for affordable options.
Negative Updates
Decline in Unit Sales
New unit sales declined by 7% and pre-owned retail unit sales, including consigned vehicles, were down 23%.
Overall Revenue Decline
Net sales for the quarter were $160 million, a decrease of $38 million or 19% compared to the same period in 2023.
Increased SG&A Expenses
SG&A expenses increased to $53 million from $46 million due to higher transaction and legal expenses.
Adjusted EBITDA Loss
Reported an adjusted EBITDA loss of $24 million compared to a loss of $11 million in the prior year period.
Company Guidance
During the Lazydays RV Holdings fourth quarter and fiscal 2024 earnings call, significant guidance was provided on the company's strategic initiatives and financial performance. The call highlighted a comprehensive recapitalization, including a $30 million common equity pipe and the sale of eight dealerships, generating $73.5 million, with $10 million retained as a non-refundable deposit. The company focused on reducing debt, and improving its balance sheet, resulting in a reduced floor plan debt by $11 million, and a $6 million decrease in term loan debt. Operationally, the company experienced a decline in new and used unit sales by 7% and 23%, respectively, but managed to improve gross profit per unit sold. Gross margin, excluding LIFO adjustments, was 23%, up from 21% in the previous quarter. Finance and insurance (F&I) revenue per unit increased by 3% to over $6,000, and finance penetration remained strong at approximately 73%. The inventory strategy shifted towards more affordable towable products, comprising over 77% of new inventory. The company launched a consignment program, with 76% of customer-acquired units on consignment. Despite a challenging economic environment, Lazydays remains optimistic about future RV demand and is focused on enhancing operational performance across dealerships to drive long-term shareholder value.Lazydays Holdings Corporate Events
M&A TransactionsBusiness Operations and Strategy
Lazydays Holdings Sells Dealerships in $5.6M Agreement
Neutral
May 14, 2025
On May 9, 2025, Lazydays Holdings, Inc. entered into an Asset Purchase Agreement with General R.V. Center, Inc. to sell its RV sales and service dealerships in Fort Pierce, Florida, Longmont, Colorado, and Mesa, Arizona for approximately $5.6 million plus additional cash for inventory and other assets. This agreement includes a series of closings and may be terminated under certain conditions. Additionally, a Real Estate Purchase Agreement was signed for the Fort Pierce location for $21 million, contingent on the asset sale’s completion. The company also amended its credit agreement with M&T Bank, extending deadlines for certain financial obligations.
The most recent analyst rating on (GORV) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Lazydays Holdings stock, see the GORV Stock Forecast page.
Spark’s Take on GORV Stock
According to Spark, TipRanks’ AI Analyst, GORV is a Underperform.
Lazydays Holdings’ overall stock score reflects significant financial and operational challenges, including declining revenues and profitability, high leverage, and bearish technical indicators. While strategic initiatives and restructuring efforts provide some optimism, these are counterbalanced by ongoing market pressures and valuation concerns.
To see Spark’s full report on GORV stock, click here.
Private Placements and FinancingBusiness Operations and Strategy
Lazydays Holdings Secures Waivers to Facilitate Asset Sales
Neutral
May 6, 2025
On April 30, 2025, Lazydays Holdings, Inc. entered into a Limited Waiver and Consent with M&T Bank, temporarily waiving certain defaults under their credit agreement to facilitate asset sales in several locations. Concurrently, the company secured a Temporary Waiver of Defaults with Coliseum Holdings, adjusting payment schedules and allowing asset sales under specific conditions, impacting the company’s financial operations and liquidity management.
Spark’s Take on GORV Stock
According to Spark, TipRanks’ AI Analyst, GORV is a Neutral.
Lazydays Holdings faces considerable financial and operational challenges, with declining revenues and high leverage being major concerns. The negative market momentum and poor valuation metrics further pressure the stock. While strategic initiatives from the earnings call provide some hope for future stability, the current outlook remains cautious.
To see Spark’s full report on GORV stock, click here.
Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
Lazydays Holdings Modifies Credit Agreement with Lenders
Negative
Mar 28, 2025
On March 27, 2025, Lazydays Holdings, Inc. entered into a Limited Waiver and Consent with M&T and other lenders, modifying their Credit Agreement to extend deadlines and reduce loan commitments. This agreement reflects Lazydays’ ongoing efforts to manage its financial obligations and restructure its operations following the partial completion of asset sales to Camping World Holdings, Inc. The company also terminated an Asset Purchase Agreement due to Camping World’s decision not to complete certain asset sales, impacting Lazydays’ strategic plans.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.