Lazydays Hldgs Inc Stock Price, News & Analysis

Lazydays Holdings (GORV) has completed the asset and real estate sale of its Ft. Pierce, Florida location to General RV Center. This transaction marks the second previously announced divestiture, with the final remaining sale in Longmont, Colorado expected to close in the coming weeks. The sale aligns with Lazydays' strategy to streamline operations and optimize its dealership footprint while reducing debt and improving cash position. For General RV, the acquisition enhances their existing Fort Pierce Supercenter operations established in 2023, providing an expanded facility with strategic I-95 access. General RV has experienced significant growth, nearly doubling its Supercenter count nationwide over the past three years, now operating more than 20 locations across nine states, with their most recent expansion being the Mesa, Arizona location acquired in May 2025.

Lazydays Holdings (GORV) has successfully completed the sale of its Mesa, Arizona location to General RV Center. This transaction is part of Lazydays' broader operational turnaround plan and strategy to rightsize its dealership footprint. Two additional divestitures in Longmont, Colorado and Fort Pierce, Florida are expected to be completed in the coming weeks.

For General RV, this marks their first entry into Arizona, expanding their presence to nine states. The company, a third-generation family-owned business led by CEO Loren Baidas, has shown significant growth, nearly doubling its Supercenter count nationwide over the past three years to more than 20 locations across states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania, and Michigan.

Lazydays Holdings (GORV) reported its Q1 2025 financial results, showing mixed performance with improvements over previous quarters despite overall losses. Total revenue decreased to $165.8 million from $270.1 million in Q1 2024. The company posted a reduced net loss of $9.5 million compared to $22.0 million in Q1 2024, with loss per diluted share improving to $0.09 from $1.67.

Notable developments include the strategic divestiture of five dealership locations, enabling debt reduction of approximately $145 million. The company reported improved gross profit margins across all product lines, though Adjusted EBITDA remained negative at $(4.0) million, still better than $(18.2) million in Q1 2024. The quarter included $2.9 million in impairment charges related to indefinite-lived intangible assets.

Lazydays Holdings (NASDAQ: GORV) has announced it will release its first quarter 2025 financial results before market opening on May 15, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. Eastern Time. Interested parties can access the conference call via telephone at 877-407-8029 (domestic) or +1 201-689-8029 (international). A live webcast and replay of the call will be available on the company's investor relations website.

Lazydays Holdings (GORV) reported challenging financial results for Q4 and FY 2024. The company's total revenue declined to $159.9M in Q4 2024 from $198.0M in Q4 2023, while full-year revenue decreased to $871.6M from $1,082.7M.

Q4 2024 resulted in a net loss of $96.1M, compared to a $108.0M loss in Q4 2023, with Adjusted EBITDA at $(24.3M) versus $(10.7M). The company recorded $39.1M in impairment charges for assets held for sale and a $16.3M non-cash loss on warrant liabilities. Full-year 2024 net loss widened to $180.0M from $110.3M, with earnings per share declining to $(8.90) from $(8.45).

In strategic moves, Lazydays signed a letter of intent to divest three stores to General RV Center and completed the sale of five facilities to Camping World Holdings. However, Camping World declined to close on two dealership purchases in Portland and Council Bluffs.

Lazydays Holdings (GORV) has signed a letter of intent to sell three store locations to General RV Center. The stores, located in Ft. Pierce (Florida), Longmont (Colorado), and Mesa (Arizona), are expected to be divested within 75 days under a nonbinding agreement with an exclusivity provision.

The strategic divestiture aims to streamline Lazydays' operational footprint and is expected to generate significant cash for the balance sheet while reducing indebtedness and geographical redundancy. For General RV, this acquisition expands their presence into Arizona and Colorado markets, building upon their existing operations in Utah and Florida, where they currently operate seven dealerships.

Lazydays Holdings (NASDAQ: GORV) has scheduled the release of its fourth quarter and fiscal year 2024 financial results, to be announced before market opening on March 31, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. Eastern Time. Investors can participate via telephone at 877-407-8029 (domestic) or +1 201-689-8029 (international), with live and replay access available through the company's investor relations website.

Lazydays Holdings (NASDAQ: GORV) has announced the completion of its rights offering on February 12, 2025. The company issued a total of 35,882 shares of common stock at $1.03 per share, consisting of 34,334 shares through basic subscription rights and 1,548 shares via over-subscription privilege. The offering generated gross proceeds of approximately $36,958.46.

The company plans to utilize the proceeds for working capital and general corporate purposes, including debt repayment. All over-subscription privilege requests were fulfilled in full due to sufficient share availability. The rights offering was conducted under the company's Form S-1 registration statement, which received SEC approval on January 13, 2025. Rights not exercised by February 5, 2025, expired and became void.

Lazydays Holdings (NASDAQ: GORV) announced the effectiveness of its registration statement for a rights offering, declared by the SEC on January 13, 2025. The company will distribute non-transferable rights to eligible holders of common stock and warrants, allowing them to purchase 1.27 shares of common stock at $1.03 per share.

The rights offering includes both basic subscription rights and over-subscription rights, with the latter available to holders who fully exercise their basic rights. If fully subscribed, the company expects to raise approximately $23.6 million in net proceeds and issue 24,271,844 shares of common stock. The proceeds will be used for working capital, general corporate purposes, and debt repayment.

The subscription period ends on February 5, 2025, unless extended. The new shares will trade on Nasdaq under symbol GORV, while the rights will not be listed on any exchange.