STOCK TITAN

LAZY - LAZY STOCK NEWS

Welcome to our dedicated page for LAZY news (Ticker: LAZY), a resource for investors and traders seeking the latest updates and insights on LAZY stock.

LAZY (Lazydays) has been a cornerstone of the recreational vehicle industry since 1976, operating one of America's largest RV dealership networks. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and market strategies.

Our curated collection features official press releases, earnings reports, and operational updates directly from LAZY. Users will find timely information on new dealership openings, manufacturer partnerships, and service expansions alongside critical financial disclosures. Each update is verified at source to ensure reliability.

Key content categories include quarterly earnings announcements, leadership changes, inventory developments, and strategic initiatives shaping the RV retail landscape. This resource is particularly valuable for tracking LAZY's position in the evolving outdoor recreation market.

Bookmark this page for streamlined access to LAZY's corporate communications. Combine these updates with SEC filings and market analysis for comprehensive investment research. Check back regularly for the latest developments from this RV industry leader.

Rhea-AI Summary

Lazydays Holdings (GORV) announced transformative transactions to strengthen its financial position, including the sale of eight dealerships and a comprehensive recapitalization plan. The company will sell seven dealerships and issue common stock to Camping World for $65.5 million, plus one dealership to another buyer for $8 million. The plan includes a $30 million common equity PIPE at $1.03 per share, a planned $25 million rights offering, and conversion of all preferred stock to common stock. These transactions will reduce debt by $65 million, eliminate $68 million in preferred stock obligations, and cut $16 million in interest and dividend payments. Post-transactions, Lazydays expects to have $35 million in cash and $61 million in debt, with 119.5 million shares outstanding.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Lazydays (GORV) reported financial results for Q4 2023, facing economic pressures but improving unit volumes and gross profit. They anticipate a pre-tax loss in Q1 2024 but aim for profitability later in the year. Revenue decreased, leading to a non-cash goodwill impairment charge. The company acquired new locations and rebranded, focusing on digital retailing. They cancelled a rights offering, secured a mortgage facility, and received a waiver on financial covenants. Cash balance is $45 million, with positive operational cash flow in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) has announced a nationwide rebranding campaign, introducing new logos, colors, and fonts, as well as a re-imagined digital retail shopping experience. The Company's stock symbol will change from LAZY to GORV effective January 17, 2024. The rebranding is aimed at modernizing the brand while preserving its rich history and tradition. Lazydays also plans to launch a new website with advanced features and enhanced user experience. The Company's goal is to make the RV lifestyle more accessible and convenient for its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Lazydays (LAZY) appoints Amber Dillard as Vice President, Operations, reflecting over a decade of commitment and service to the company. Amber brings extensive experience in accounting, supply chain, vehicle purchasing, and inventory management. She will work closely with General Managers to drive operational performance and expand the company's network of stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
-
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) has closed on a $35 million mortgage loan facility funded by clients of Coliseum Capital Management. The facility is secured by mortgages against certain dealership facilities and land held for future development, bearing interest at a rate of 12% and maturing in December 2026. This provides liquidity and flexibility for the company's ownership strategy, preventing fixed costs from increasing due to rent adjustments over time. The net proceeds will be used for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.36%
Tags
none
-
Rhea-AI Summary
Lazydays (LAZY) announces the acquisition of Orangewood RV Center, now renamed 'Lazydays RV of Phoenix at Arrowhead', marking its 24th location in the Western region. The new store is expected to generate approximately $40 million in annualized revenue, contributing to over $300 million from recent acquisitions and greenfield locations in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.22%
Tags
Rhea-AI Summary
LAZY - Bowlus Announces Exclusive National Partnership with Lazydays, Opening Five New Dealerships. Bowlus, the leader in luxury RVs, partners with Lazydays to open five new dealerships across the US. The partnership solidifies Lazydays' position as the most comprehensive luxury dealership in the RV industry and creates an unparalleled white-glove sales and service experience for Bowlus luxury products. The exclusive service relationship at all Lazydays locations nationwide further enhances the customer experience. Bowlus Founder and CEO, Geneva Long, highlights the expansion as an opportunity for customers to experience the ultimate in luxury, technology, and performance nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.75%
Tags
partnership
-
Rhea-AI Summary
Lazydays Holdings, Inc. (Nasdaq: LAZY) cancels previously announced rights offering due to industry conditions and decline in stock price. The company will seek alternative funding sources and slow down acquisitions to align with operational cash flows and market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
-
Rhea-AI Summary
Lazydays announces the acquisition of RVzz, an RV dealership in St. George, Utah, renaming it 'Lazydays RV of St. George'. This marks their 23rd location and strengthens their presence in the Southwest region. The company expects $35 million in annualized revenue from the new store. They will add Grand Design and Winnebago towable inventory to the existing high-quality brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
Rhea-AI Summary
Lazydays (NasdaqCM: LAZY) reported financial results for Q3 2023. Revenue decreased to $280.7 million from $333.8 million in Q3 2022. Net loss was $(5.6) million compared to net income of $7.7 million in the same period last year. Adjusted net loss was $(2.9) million compared to net income of $14.4 million. Year to date net loss was $(2.3) million compared to net income of $67.8 million in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
LAZY

Nasdaq:LAZY

LAZY Rankings

LAZY Stock Data

Recreational Vehicle Dealers
Retail Trade
US
New York