Camping World Holdings, Inc. (CWH) AI Stock Analysis

Camping World Holdings, Inc. specializes in the retail sale of recreational vehicles (RVs) and related products and services across the United States. Founded in 1966 and based in Lincolnshire, Illinois, it operates two primary segments: Good Sam Services and Plans, and RV and Outdoor Retail. The Good Sam segment provides extended vehicle service contracts, roadside assistance, insurance programs, travel protection, consumer shows, enthusiast publications, and the Coast to Coast Club. The RV and Outdoor Retail segment sells new and used RVs, offers financing, delivers routine maintenance and collision repair, and retails RV parts, accessories, and outdoor gear for activities such as camping, hunting, and fishing.

Camping World's revenue increased from $6.91B in FY2021 to $6.97B in FY2022, before dropping to $6.23B in FY2023 and $6.10B in FY2024. FY2025 revenue rebounded 4.4% to $6.37B, completing a 5-year revenue CAGR of 3.2% from FY2020. However, profitability has eroded, with operating margin falling from 11.6% in FY2021 to 2.8% in FY2025, and net income declining from $278.5M to -$89.8M over that timeframe. Over the trailing twelve months, revenue totaled $6.27B with an operating margin of 5.3% and EPS of -$1.55. In the quarter ended June 30, 2026, quarterly revenue fell 2.1% year-over-year while quarterly earnings declined 12.9%.

As of June 30, 2026, Camping World held $224.1M in cash and short-term investments against $3.74B in total debt, resulting in net debt of $3.51B. Shareholders' equity was $245.7M, creating a debt-to-equity ratio of 15.21, while the current ratio stood at 1.22. Operating cash flow turned negative in FY2025 at -$132.0M, contributing to free cash flow of -$384.3M after capital expenditures of $252.3M. In FY2025, the company distributed $38.9M in dividends, while its share count was reduced by 27.5% over the prior five years.

At a share price of $4.51, Camping World has a market capitalization of $287.9M and an enterprise value of $3.86B. The stock trades at a forward P/E of 7.4x and an EV/EBITDA of 10.1x, compared to medians of 14.1x and 11.1x, respectively, for its US-listed Consumer Cyclical peers. Its price-to-sales multiple is 0.0x versus the peer median of 0.7x. CWH shares have declined 69.9% over the past year and 84.8% over five years, significantly lagging the S&P 500, which gained 16.8% and 83.0% over the respective periods.

Wall Street coverage includes 9 Strong Buy, 2 Buy, and 2 Hold recommendations, with no Sell or Strong Sell ratings. The mean price target of $9.48 indicates an upside potential of 110.3% over the last close of $4.51. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.26 on revenue of $6.08B. Camping World exceeded EPS consensus estimates in 2 of the trailing 4 quarters, and its next earnings release is scheduled for October 27, 2026.

This page is an AI-written research summary of Camping World Holdings, Inc. (CWH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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