Camping World - CWH STOCK NEWS

Camping World Holdings, Inc. (NYSE: CWH) announced plans to acquire Breeden RV Center in Van Buren, Arkansas. This strategic acquisition is set to close in Q2 2023, boosting Camping World's Arkansas location count to four. The Breeden family has served Northwest Arkansas for over 30 years, and this acquisition aims to enhance Camping World's market presence in the Fort Smith area, establishing it as the leading RV retailer in Arkansas by new unit volume. The new SuperCenter will offer a variety of new and used RVs, outdoor products, and the complete portfolio of Good Sam products and services.

Camping World, headquartered in Lincolnshire, IL, operates RV sales and service locations across 42 states, aiming to simplify and enhance the RV lifestyle for consumers.

Camping World Holdings, Inc. (NYSE: CWH) has announced its agreement to acquire Carbon Emery RV, enhancing its dealership footprint in Utah to six locations. The acquisition, expected to close in Q2 2023, is strategically positioned along US Route 6, a key area near central Utah's national park corridor. CEO Marcus Lemonis stated this expansion will help solidify Camping World’s status as Utah's leading RV retailer by unit volume. The new SuperCenters will provide a variety of RVs and outdoor products, alongside Good Sam services, aimed at enhancing customer value and strengthening market presence.

RumbleOn, Inc. (NASDAQ: RMBL) reported record full-year and Q4 Powersports unit sales, totaling 81,037 units across segments, leading to $1.8 billion in revenue. The Powersports segment generated $1.4 billion, representing 78% of total revenue, with a gross profit of $429.9 million. Despite the strong sales, the company faced a net loss of $(261.5) million, largely due to a $350.3 million non-cash impairment charge. Adjusted net income was $37.3 million, with adjusted EBITDA at $120.1 million. RumbleOn has also executed over $15 million in SG&A cost reductions and formed a strategic partnership with Camping World (NYSE: CWH). The company maintains strong liquidity with $196.1 million available.

Camping World Holdings, Inc. (NYSE: CWH) announced its agreement to acquire Pan Pacific RV Center, which includes two RV dealerships in northern California, located in French Camp and Morgan Hill. This acquisition will increase Camping World’s California locations to twenty and is expected to close in Q2 2023. The company aims to enhance its market presence in a major RV market, leveraging Pan Pacific's 50 years of experience. The new SuperCenters will offer a variety of new and used RVs from top brands, alongside a range of RV and outdoor products.

Camping World Holdings (NYSE: CWH) has announced a regular cash dividend of $0.625 per share on its Class A Common Stock. This dividend is set to be paid on March 29, 2023, to stockholders of record by the close of business on March 14, 2023. The company's CEO, Marcus Lemonis, highlighted ongoing cost management efforts, emphasizing the importance of flexibility for dealership acquisitions and returning capital to shareholders. Future dividends will depend on various financial considerations, including operational results and capital requirements.

Camping World Holdings (NYSE: CWH) announced its fourth quarter and full-year results for 2022, reporting a net income decline of 45.3% to $351 million. Despite total revenues increasing by 0.8% to $7 billion, new vehicle revenue fell by 2.2%, while used vehicle revenue surged by 11.3% to $1.9 billion, highlighting strong demand in the used market. The gross profit decreased by 7.9% to $2.3 billion, primarily due to rising costs. Adjusted EBITDA dropped by 30.6%, indicating significant operational challenges. The company initiated aggressive cost reductions due to softening demand, while also increasing its cash dividend to $2.50 per share.

Camping World Holdings, Inc. (NYSE: CWH) is scheduled to release its financial results for the fourth quarter of fiscal 2022 on February 21, 2023, after market close. A conference call to discuss these results will follow on February 22, 2023, at 7:30 a.m. Central Time. Interested participants can join by calling 877-407-9039 (international: 1-201-689-8470). The call will also be streamed live at investor.campingworld.com. A replay will be accessible shortly after the call and will be available until March 1, 2023.

Camping World Holdings, Inc. (NYSE: CWH) has announced the opening of a new RV Dealership in San Martin, California, enhancing its growth in one of the largest RV markets in the U.S. The dealership, located at 13635 Sycamore Ave, will offer a wide selection of new and used RVs along with an array of RV products and Good Sam services. Camping World aims to provide a fun and easy RVing experience, with operations in 42 states and a commitment to building long-term value for customers and shareholders.

Camping World Holdings, Inc. (NYSE: CWH) has announced the acquisition of RV Solutions Inc., enhancing its presence in California with two new RV dealership locations in San Diego and a parts/service center in El Cajon.

The acquisition adds to Camping World's footprint, bringing the total to 18 locations in the state. The deal is expected to be finalized in the first quarter of 2023, continuing a tradition of exceptional service in the RV sector.