Camping World Holdings (CWH) AI Stock Analysis

• Market Cap: $1.74B
• Dividend Yield: 2.9%
• Average Volume (3M): 3.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.94
• Revenue Growth: 0.75%
• EPS Growth: -412.53%
• Country: US
• Employees: 12,701
• Sector: Consumer Cyclical
• Sector Strength: 78
• Industry: Auto - Dealerships
• EPS (TTM): -0.16
• Shares Outstanding: 62,569,450
• 10 Day Avg. Volume: 2,356,532
• 30 Day Avg. Volume: 3,133,358
• PEG Ratio: -0.82
• Price to Book (P/B): 2.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -53.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $21.11
• Price Target Upside: 23.74% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 62 Neutral
• Price Target: $18.50 ▲(8.44%Upside)

Camping World Holdings' stock score is primarily influenced by challenges in financial performance, with declining profitability and high leverage as key risks. However, the positive earnings call sentiment, indicating strong EBITDA growth and strategic initiatives, provides a counterbalance. Technical indicators suggest short-term positive momentum, but valuation concerns persist due to negative earnings.

Positive Factors

Competitive Advantage

Camping World is the largest player in the RV market, benefiting from its scale over smaller competitors.

Financial Performance

EBITDA has risen significantly, indicating strong financial performance and expected further improvements.

Market Share

Camping World Holdings highlighted its continued outperformance vs. the industry, with early share trends outpacing aggressive targets.

Negative Factors

Gross Margins

New vehicle units increased 8.0% and segment gross margins were down compared to last year as higher ASPs were offset by lower promotional support from OEMs.

Inventory Management

CWH believes its owned inventory levels are healthy, but the broader industry has significantly destocked and could benefit from more inventory on lots.

Promotional Support

Segment gross margins were down compared to last year as higher ASPs were offset by lower promotional support from OEMs.

Camping World Holdings Business Overview & Revenue Model

Company Description

Camping World Holdings, Inc., through its subsidiaries, retails recreational vehicles (RVs), and related products and services. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry. It also offers extended vehicle service contracts; roadside assistance plans; property and casualty insurance programs; travel assist travel protection plans; and RV and outdoor related consumer shows, as well as produces various monthly and annual RV focused consumer magazines; and operates the Coast to Coast Club. In addition, the company provides new and used RVs; vehicle financing; RV repair and maintenance services; various RV parts, equipment, supplies, and accessories, which include towing and hitching products, satellite and GPS systems, electrical and lighting products, appliances and furniture, and other products; and collision repair services comprising fiberglass front and rear cap replacement, windshield replacement, interior remodel solutions, and paint and body work. Further, it offers equipment, gears, and supplies for camping, hunting, fishing, skiing, snowboarding, bicycling, skateboarding, and marine and watersports equipment and supplies, as well as operates Good Sam Club, a membership organization that offers savings on a range of products and services and provides co-branded credit cards. As of December 31, 2021, the company operated through a network of approximately 187 retail locations in 40 states of the United States. It serves customers through dealerships, and online and e-commerce platforms. The company was founded in 1966 and is headquartered in Lincolnshire, Illinois.

How the Company Makes Money

Camping World Holdings generates revenue through multiple streams. The primary source of income is the sale of new and used recreational vehicles, which accounts for a significant portion of their earnings. Additionally, the company makes money from its Good Sam Club memberships, offering discounts, and benefits to RV enthusiasts. Camping World also earns through the sale of RV parts, accessories, and camping gear both in-store and online. Service and repair operations provide another revenue stream, with maintenance and repair services offered to RV owners. The company has strategic partnerships with RV manufacturers, allowing them to offer a diverse range of products and stay competitive in the market.

Camping World Holdings Financial Statement Overview

Summary

Camping World Holdings faces challenges with declining profitability and cash flow performance, signaling an urgent need for strategic adjustments. High leverage and recent losses underline potential risks, though slight improvements in equity position offer some stability. The company should focus on enhancing operational efficiency and managing debt to ensure sustainable growth.

Income Statement

Camping World Holdings has experienced declining revenues and profitability over the past years. The TTM data shows a negative net income, indicating losses, and a decreasing gross profit margin. Despite a slight revenue growth from the previous period, the company's EBIT and EBITDA margins have shrunk significantly, impacting overall profitability.

Balance Sheet

The company has a relatively high debt-to-equity ratio, indicating significant leverage, which poses a potential risk. However, the equity ratio has improved slightly due to increased stockholders' equity. The return on equity is negative in the TTM period, reflecting recent losses and lower profitability.

Cash Flow

Cash flow performance has weakened, with a decline in free cash flow and a negative free cash flow growth rate in the TTM period. The operating cash flow to net income ratio is misleading due to negative net income, complicating the assessment. The company needs to focus on improving cash generation amid profitability challenges.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.15B	6.10B	6.23B	6.97B	6.91B	5.45B
	Gross Profit
1.83B	1.83B	1.88B	2.18B	2.39B	1.65B
	EBIT
178.03M	148.57M	267.07M	568.53M	799.54M	476.19M
	EBITDA
246.31M	226.50M	336.39M	707.84M	908.42M	563.75M
	Net Income Common Stockholders
-28.61M	-38.64M	31.04M	351.03M	642.08M	344.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
331.30M	208.42M	39.65M	130.13M	267.33M	166.07M
	Total Assets
2.97B	4.86B	4.85B	4.80B	4.37B	3.26B
	Total Debt
2.14B	3.64B	3.86B	3.78B	3.34B	2.58B
	Net Debt
1.81B	3.43B	3.82B	3.65B	3.08B	2.41B
	Total Liabilities
2.88B	4.38B	4.63B	4.55B	4.14B	3.27B
	Stockholders Equity
57.51M	326.56M	124.58M	147.83M	158.06M	26.77M
Cash Flow		Free Cash Flow
-16.14M	154.32M	110.31M	-21.69M	-99.50M	662.57M
	Operating Cash Flow
80.66M	245.16M	310.81M	189.78M	154.00M	747.67M
	Investing Cash Flow
-174.10M	-88.17M	-369.41M	-422.54M	-355.77M	-125.94M
	Financing Cash Flow
84.64M	11.79M	-31.89M	95.55M	303.03M	-603.18M

Camping World Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 17.06
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWH, the sentiment is Neutral. The current price of 17.06 is above the 20-day moving average (MA) of 15.62, above the 50-day MA of 14.88, and below the 200-day MA of 20.09, indicating a neutral trend. The MACD of 0.67 indicates Negative momentum. The RSI at 61.96 is Neutral, neither overbought nor oversold. The STOCH value of 86.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CWH.

Camping World Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AN	72 Outperform	$6.99B	10.81	28.45%	―	-0.24%	-19.76%
RUSHA	70 Outperform	$3.95B	13.99	14.28%	1.45%	-1.29%	-9.44%
RUSHB	69 Neutral	$3.87B	14.45	14.28%	1.37%	-1.29%	-9.44%
KMX	64 Neutral	$9.59B	19.64	8.13%	―	-0.69%	6.27%
Sector *	62 Neutral	$6.91B	11.20	2.94%	3.92%	2.69%	-25.04%
CWH	62 Neutral	$1.74B	―	-13.97%	2.90%	0.75%	-412.53%
GORV	49 Neutral	$32.30M	―	-154.00%	―	-26.46%	26.16%

Camping World Holdings Corporate Events

Camping World Holdings Approves Key Amendments at Annual Meeting

On May 15, 2025, Camping World Holdings, Inc. held its Annual Meeting of Stockholders, where significant amendments were approved. The stockholders endorsed the amendment and restatement of the 2016 Incentive Award Plan, extending its term indefinitely and adjusting performance-based compensation provisions to align with changes in tax law. Additionally, an amendment to the company’s Certificate of Incorporation was approved to allow for the exculpation of officers, in accordance with Delaware law. These changes were ratified with strong support, reflecting the company’s strategic alignment with regulatory requirements and shareholder interests.

The most recent analyst rating on (CWH) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Camping World Holdings stock, see the CWH Stock Forecast page.