Camping World Holdings ( (CWH) ) has released its Q3 earnings. Here is a breakdown of the information Camping World Holdings presented to its investors.
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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.
In its third-quarter 2025 earnings report, Camping World Holdings announced record-breaking unit sales and significant growth in net income and adjusted EBITDA, despite facing macroeconomic challenges. The company highlighted its ability to outperform the industry, driven by strong used vehicle sales and strategic cost management.
Key financial metrics from the report include a 4.7% increase in total revenue to $1.8 billion, with used vehicle revenue surging by 31.7%. The company achieved a 41.8% increase in adjusted EBITDA to $95.7 million, while same-store used vehicle unit sales rose by 33.4%. However, the average selling price for both new and used vehicles saw declines, impacting margins.
Despite a net loss of $29.4 million for the quarter, Camping World Holdings remains optimistic about its future performance. The company plans to focus on its market-leading used vehicle segment and service offerings to drive growth, while maintaining a conservative approach to new volume growth due to potential affordability concerns among consumers.
Looking ahead, Camping World Holdings’ management is confident in its ability to continue outperforming the RV industry, with plans for adjusted EBITDA growth and strategic mergers and acquisitions to enhance its market position.