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Camping World (CWH)

Camping World Holdings, headquartered in Lincolnshire, Illinois, is America's leading recreational vehicle and outdoor retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair, other outdoor and active sports products, and the industry's broadest and deepest range of services, protection plans, products and resources. Since the Company's founding in 1966, Camping World has grown to become one of the most well-known destinations for everything RV, with more than 170 locations in 37 states and a comprehensive e-commerce platform.

Company profile

Ticker
CWH
Exchange
CEO
Marcus Lemonis
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Active Sports, Inc. • Affinity Brokerage, LLC • Affinity Group • Affinity Guest Services, LLC • Affinity Road & Travel Club, LLC • Affinity Service Plans, Inc. • Affinity Service Plans, LLC • AGI Intermediate Holdco, LLC • AGI Productions, LLC • Allure RV, LLC ...
IRS number
811737145

CWH stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$34.50
Low target
$29.00
High target
$40.00
Raymond James
Maintains
Outperform
$40.00
5 May 22
DA Davidson
Initiated
Neutral
$29.00
13 Apr 22

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 139.48M 139.48M 139.48M 139.48M 139.48M 139.48M
Cash burn (monthly) 42.62M 9.78M (no burn) (no burn) 70.02M 11.99M
Cash used (since last report) 122.3M 28.07M n/a n/a 200.93M 34.41M
Cash remaining 17.18M 111.41M n/a n/a -61.45M 105.07M
Runway (months of cash) 0.4 11.4 n/a n/a -0.9 8.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 22 Marcus Lemonis Class A Common Stock Buy Acquire P Yes No 26.3649 38,350 1.01M 121,450
18 May 22 Schickli Kent Dillon Class A Common Stock Buy Acquire P No No 28.2994 5,000 141.5K 75,985
17 May 22 Schickli Kent Dillon Class A Common Stock Buy Acquire P No No 28.5 5,000 142.5K 70,985
15 May 22 Brent L. Moody Class A Common Stock Payment of exercise Dispose F No No 29.85 4,918 146.8K 406,840
13 May 22 Crestview Partners II GP Class A Common Stock Grant Acquire A Yes No 0 5,478 0 1,908,093
13 May 22 Schickli Kent Dillon Class A Common Stock Grant Acquire A No No 0 5,478 0 65,985
13F holders Current Prev Q Change
Total holders 232 265 -12.5%
Opened positions 36 61 -41.0%
Closed positions 69 39 +76.9%
Increased positions 88 89 -1.1%
Reduced positions 69 73 -5.5%
13F shares Current Prev Q Change
Total value 2.49B 2.93B -14.9%
Total shares 73.44M 72.6M +1.2%
Total puts 3.14M 2.83M +10.9%
Total calls 2.34M 2.36M -0.8%
Total put/call ratio 1.3 1.2 +11.8%
Largest owners Shares Value Change
CWGS Holding 34.67M $1.4B 0.0%
Abrams Capital Management 5.11M $142.79M 0.0%
HG Vora Capital Management 4.2M $117.39M NEW
Vanguard 3.72M $104.03M -0.5%
FMR 2.77M $77.4M -20.7%
BLK Blackrock 2.71M $75.64M -6.5%
Crestview Partners II GP 1.9M $53.1M 0.0%
STT State Street 932.64K $26.07M -3.8%
Gendell Jeffrey L 868.75K $24.28M +7.3%
Citadel Advisors 782.2K $21.86M +6.8%
Largest transactions Shares Bought/sold Change
HG Vora Capital Management 4.2M +4.2M NEW
Millennium Management 197.71K -775.1K -79.7%
FMR 2.77M -722.13K -20.7%
Balyasny Asset Management 624.87K +481.01K +334.4%
MS Morgan Stanley 593.9K -418.57K -41.3%
Stansberry Asset Management 408.46K +374.41K +1099.3%
GWL Great West Life Assurance 369.79K +366.96K +12962.0%
Victory Capital Management 364.97K +364.97K NEW
Foundry Partners 0 -338.58K EXIT
Kanen Wealth Management 286.89K -334.25K -53.8%

Financial report summary

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Competition
Lazydays
Management Discussion
  • Total revenue increased 6.7%, or $104.6 million, to $1.7 billion for the three months ended March 31, 2022, from $1.6 billion for the three months ended March 31, 2021. The increase in total revenue was driven by a $100.9 million, or 6.7%, increase in RV and Outdoor Retail revenue, and a $3.7 million, or 9.0%, increase in Good Sam Services and Plans revenue.
  • Total gross profit increased 7.6%, or $39.7 million, to $560.2 million for the three months ended March 31, 2022, from $520.5 million for the three months ended March 31, 2021. The increase in total gross profit was driven by a $38.3 million, or 7.8%, increase in RV and Outdoor Retail gross profit, and a $1.4 million, or 5.3%, increase in Good Sam Services and Plans gross profit.
  • Income from operations decreased 11.5%, or $19.4 million, to $149.1 million for the three months ended March 31, 2022, from $168.6 million income from operations for the three months ended March 31, 2021. The decrease was primarily driven by a $48.3 million increase in selling, general and administrative expenses, a $12.8 million increase in depreciation and amortization, and a $0.1 million reduction in gain on sale of assets, partially offset by a $39.7 million increase in gross profit, a $1.6 million decrease in lease termination expense, and a $0.5 million decrease in long-lived asset impairment expense.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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