Camping World Holdings (CWH) AI Stock Analysis

• Market Cap: $1.80B
• Dividend Yield: 3.61%
• Average Volume (3M): 2.18M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.94
• Revenue Growth: 5.15%
• EPS Growth: 48.98%
• Country: US
• Employees: 12,701
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Auto - Dealerships
• EPS (TTM): 0.57
• Shares Outstanding: 62,569,450
• 10 Day Avg. Volume: 2,222,427
• 30 Day Avg. Volume: 2,183,858
• PEG Ratio: 0.24
• Price to Book (P/B): 2.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 58.82
• Enterprise Value/Market Cap: 1.70
• Enterprise Value/Revenue: 0.12
• Enterprise Value/Gross Profit: 1.62
• Enterprise Value/Ebitda: 3.30
• 1Y Price Target: $19.71
• Price Target Upside: 42.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 57 Neutral
• Price Target: $14.50 ▲(4.77%Upside)

Camping World Holdings' overall stock score is driven by a mix of strong sales performance and market share gains in used RVs, but is tempered by high leverage and low profitability margins. Negative technical trends and a challenging valuation further impact the score, while recent earnings and corporate events provide some optimism for future growth.

Positive Factors

Demand

CWH is seeing very strong near-term demand given two record selling weekends in March, which followed a record weekend in February.

Financial Performance

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

Market Performance

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.

Camping World Holdings Business Overview & Revenue Model

Company Description

Camping World Holdings, Inc. (CWH) is a leading American retailer specializing in recreational vehicles (RVs) and related products and services. Founded in 1966 and headquartered in Lincolnshire, Illinois, the company operates through a network of retail locations across the United States. Camping World provides a wide range of products, including new and used RVs, camping gear, RV maintenance services, and outdoor lifestyle products. The company is committed to enhancing the RV ownership experience by offering quality products, expert advice, and exceptional customer service.

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	6.32B	6.10B	6.23B	6.97B	6.91B	5.45B
Gross Profit	1.90B	1.83B	1.88B	2.18B	2.39B	1.65B
EBITDA	209.25M	226.50M	336.39M	707.84M	908.42M	563.75M
Net Income	55.78M	-38.64M	31.04M	351.03M	642.08M	344.21M
Balance Sheet
Total Assets	5.19B	4.86B	4.85B	4.80B	4.37B	3.26B
Cash, Cash Equivalents and Short-Term Investments	118.08M	208.42M	39.65M	130.13M	267.33M	166.07M
Total Debt	2.25B	3.64B	3.86B	3.78B	3.34B	2.58B
Total Liabilities	4.68B	4.38B	4.63B	4.55B	4.14B	3.27B
Stockholders Equity	340.54M	326.56M	124.58M	147.83M	158.06M	26.77M
Cash Flow
Free Cash Flow	15.88M	154.32M	110.31M	-21.69M	-99.50M	662.57M
Operating Cash Flow	116.22M	245.16M	310.81M	189.78M	154.00M	747.67M
Investing Cash Flow	-213.32M	-88.17M	-369.41M	-422.54M	-355.77M	-125.94M
Financing Cash Flow	191.44M	11.79M	-31.89M	95.55M	303.03M	-603.18M

Camping World Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.84
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 13.84 is below the 20-day moving average (MA) of 17.64, below the 50-day MA of 17.61, and below the 200-day MA of 19.06, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 29.08 is Positive, neither overbought nor oversold. The STOCH value of 10.20 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	72 Outperform	$4.25B	15.24	13.79%	1.33%	-2.81%	-6.88%
RUSHB	71 Outperform	$4.25B	15.25	13.79%	1.31%	-2.81%	-6.88%
AN	69 Neutral	$7.29B	12.05	27.24%	―	3.15%	-12.49%
KMX	65 Neutral	$8.86B	16.04	8.97%	―	3.17%	42.14%
Sector *	62 Neutral	C$5.20B	8.26	20.23%	3.77%	3.13%	8.63%
CWH	57 Neutral	$1.80B	―	-3.66%	3.61%	5.15%	48.98%
GORV	47 Neutral	$23.38M	―	-154.00%	―	-26.46%	26.16%

Camping World Holdings Corporate Events

Camping World Holdings Reports Strong Q2 2025 Performance

Camping World Holdings reported a significant financial performance for the second quarter of 2025, with net income and adjusted EBITDA growing by over 30% due to strong cost execution and a record quarterly volume of over 45,000 units. The company has made structural changes, including reducing headcount and consolidating locations, to improve productivity and adapt to the current market environment. Despite a decrease in average selling prices, the company anticipates improvements in SG&A efficiency and expects to leverage cash flow benefits from recent legislative changes to prioritize debt reduction. The company is optimistic about its mid-cycle earnings potential and market share growth, setting a new medium-term goal of over 20% combined market share for new and used vehicles.

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.

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.