Camping World Holdings Sees Strong Q1 2025 Growth

Camping World Holdings ( (CWH) ) has released its Q1 earnings. Here is a breakdown of the information Camping World Holdings presented to its investors.

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

In its first quarter of 2025, Camping World Holdings reported a significant improvement in adjusted EBITDA, which increased nearly fourfold compared to the previous year. The company also achieved record new and used combined unit market share, with a notable increase in used vehicle sales. Despite a decrease in new vehicle revenue, overall revenue grew by 3.6% to $1.4 billion, driven by a substantial rise in used vehicle sales.

Key financial highlights include a 25.1% increase in used vehicle revenue and a 30.3% rise in used vehicle unit sales. The company’s gross profit increased by 6.8%, with total gross margin improving by 89 basis points. However, new vehicle revenue decreased by 5.3%, and the average selling prices for both new and used vehicles saw a decline. The company also reported a net loss of $24.7 million, an improvement of 51.4% from the previous year.

Looking ahead, Camping World Holdings remains optimistic about its growth prospects, expecting continued improvements in profitability through strategic actions such as reducing SG&A expenses and optimizing its operational footprint. The company is confident in achieving growth in used unit sales and maintaining vehicle gross margins within historical ranges, despite potential macroeconomic challenges.