Camping World reports major quarterly loss. November 3, 2026 RV News Staff Camping World reported its largest quarterly loss since the company went public in 2016. Much of the third-quarter 2026 loss came from a noncash goodwill impairment charge. The charge is a business write-down on a company's recorded goodwill. Companies take an impairment charge when a company's fair market value drops below the value of its recorded assets. Camping World's impairment charge totaled $286.748 million. The company said the charge was driven by continued pressure on new RV industry demand, promotional pricing in core travel trailer offerings and a sustained share-price decline. Other factors cited included macroeconomic issues like higher consumer interest rates, elevated fuel prices and consumer sentiment declines. Camping World said the combination reduced its fair-value estimate. Without the impairment charge, Camping World recorded a quarterly net loss of approximately $33 million. Company President and CEO Matthew Wagner said the dealer chain's employees performed a tremendous amount of work in the quarter to position the company for the future. "We built on our inventory discipline from the first half and entered the fourth quarter with our lowest mix of prior model-year new units in five years," he said. "We grew our new-vehicle-average selling price on a richer mix of fifth wheels and motorized units, sequentially improved used-vehicle gross margins and GPU (and) expanded Good Sam Services and Plans gross margins." Quarterly revenue totaled $1.6 billion, down 12.4% from the third quarter of 2025. New RV sales revenue declined 16.7% from a year earlier, while new-RV sales volume declined 25.4% from a year earlier. Used-RV revenue declined 12% from the third quarter of 2025. Used-RV volume decreased 8.1% from a year earlier. Camping World lowered its administrative expenses - known as selling, general and administrative (SG&A) expenses - by $23.9 million in the quarter. The company said $25.5 million in decreases came from lower employee compensation, primarily from layoffs. The dealer chain said it closed three dealerships in the third quarter. Camping World had 196 RV dealerships as of Sept. 30, 2026. "As signals emerged over the summer that new-vehicle gross margins across the industry were likely to remain under greater pressure than we had anticipated, we moved swiftly to further optimize our cost structure," Wagner said. "We enter the fourth quarter with a cost base that we believe is rebuilt for the current market backdrop and a team focused on the variables we can control." Wagner said Camping World accelerated elements of its previously announced $100 million efficiency program. The company also cut over $50 million of anticipated incremental annualized costs. "The industry is planning for 2027 unit sales to be comparable to 2026, but we are building our plans around more conservative assumptions," he said. "With a cost base that we believe is on track to be more than $150 million lighter on an annualized basis by 2028, the largest used-RV business in the industry, and a Good Sam business that compounds through the cycle, we believe we are positioned to deliver a step change in our earnings profile when the market turns." If you are employed in the RV industry and not a member of the trade media, Subscribe for Free: * Daily business news on the RV industry and the companies and people that encompass it * Monthly printed and/or digital magazine filled with in-depth articles to increase profit margins * Statistics, data and other RV business trade information

Camping World reports Q3 2026 revenue of $1.58 billion. M Alfathan Rahman Reviewed by Gotrade Internal Analyst Nov 3, 2026 Gotrade News - Camping World Holdings (CWH) reported revenue of $1.58 billion for the third quarter ended September 30, 2026, and a net loss of $320.1 million that includes a $286.7 million goodwill impairment, according to Camping World's official release published Monday, November 2, 2026, at 4:10 p.m. ET. CWH market data. | Ticker | Close | Daily change | | CWH | $5.35 | +7.00% | Regular-session close on November 2, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Camping World earnings details. Revenue of $1.58 billion was down $223.2 million, or 12.4%, from the third quarter of 2025, the company said. New vehicle revenue fell 16.7% to $638.9 million as new vehicle unit sales dropped 25.4% to 15,126 units, and used vehicle revenue fell 12.0% to $518.5 million. The net loss was $290.7 million larger than a year earlier. Diluted loss per Class A share was $3.09, up $2.45 from the third quarter of 2025, and adjusted diluted loss per share was $0.19, against adjusted diluted earnings per share of $0.43. Adjusted EBITDA fell 62.4% to $36.0 million, including a $12.7 million unfavorable impact from finance and insurance chargeback liability adjustments, the company said. The noncash goodwill impairment relates to the RV and Outdoor Retail reporting unit. The company said it was largely driven by continued pressure on new RV industry demand, promotional pricing pressure in core travel trailer offerings, the sustained decline in its share price and macroeconomic factors. SG&A expenses fell 5.8% to $387.1 million. Chief Executive Officer Matthew Wagner said the company implemented "additional reductions amounting to over $50 million of anticipated incremental annualized savings." Why it matters for CWH. The release repeats the outlook the company disclosed on October 5, 2026: full-year 2026 Adjusted EBITDA below the low end of its previously communicated range of $230 million to $270 million, with no additional full-year 2026 guidance. Camping World expects fourth-quarter 2026 SG&A to decline by more than $50 million year over year and intends to discuss its framework for 2027 with its fourth-quarter results. Wagner said the industry is planning for 2027 unit sales to be comparable to 2026, "but we are building our plans around more conservative assumptions." According to the company, Net Debt decreased $97.8 million, or 7.0%, from a year earlier, and its efficiency program now totals over $150 million of anticipated annualized savings. What to watch next: Camping World holds a conference call on its third-quarter 2026 results on Tuesday, November 3, 2026, at 8:30 a.m. ET (7:30 a.m. Central Time, as the release states). This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research. Sources. Disclaimer Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.

Camping World (NYSE:CWH) shares down 5.1% on disappointing earnings. November 3, 2026 Key points. * Camping World shares fell 5.1% after the company reported a third-quarter loss of $0.19 per share, missing the expected $0.14 profit, while revenue declined 12.5% year over year to $1.58 billion. * Weak RV sales, negative profitability and high leverage weighed on investor sentiment, with Zacks placing the stock on its "Strong Sell" list. * Management raised its annualized cost-savings target to more than $150 million, offering a potential offset to weak sales; analysts nevertheless maintain a "Moderate Buy" consensus with an average price target of $10.48. * Interested in Camping World? Here are five stocks we like better. Shares of Camping World (NYSE:CWH - Get Free Report) dropped 5.1% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $4.90 and last traded at $5.0750. 769,988 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 2,643,786 shares. The stock had previously closed at $5.35. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.33). Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm's revenue for the quarter was down 12.5% on a year-over-year basis. Key Camping World news. Here are the key news stories impacting Camping World this week: * Management raised its annualized cost-savings target to more than $150 million and expects fourth-quarter selling, general and administrative expenses to decline by more than $50 million year over year. Adjusted EBITDA was $36.0 million, although the figure included a $12.7 million finance-and-insurance chargeback adjustment. * Analyst coverage remains focused on Camping World's earnings outlook and valuation following the release. The company is expected to post a full-year loss, highlighting the importance of improving sales trends and executing its expense-reduction program. * Camping World reported a third-quarter loss of $0.19 per share, compared with analyst expectations for a profit of roughly $0.14-$0.16 per share and $0.43 of earnings a year earlier. Revenue fell 12.5% year over year to $1.58 billion, below the approximately $1.65 billion consensus estimate. * Reports attributed the earnings shortfall to weak RV sales, with the stock retreating after the results. The combination of declining revenue, negative profitability and elevated leverage remains a concern for investors. * Zacks added CWH to its Rank #5, or "Strong Sell," list, adding to the negative signal following the earnings miss. Analysts set new price targets. A number of brokerages recently commented on CWH. Bank of America restated a "buy" rating and set a $14.00 target price on shares of Camping World in a report on Friday, July 31st. KeyCorp reduced their price objective on shares of Camping World from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Wall Street Zen raised shares of Camping World from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Citigroup decreased their price objective on shares of Camping World from $8.00 to $7.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Finally, Truist Financial dropped their target price on shares of Camping World from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Nine investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Camping World currently has a consensus rating of "Moderate Buy" and an average price target of $10.48. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Institutional inflows and outflows. A number of institutional investors have recently added to or reduced their stakes in CWH. Dimensional Fund Advisors LP increased its holdings in shares of Camping World by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company's stock valued at $7,358,000 after acquiring an additional 41,258 shares during the period. Walleye Capital LLC lifted its stake in shares of Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock worth $3,058,000 after purchasing an additional 406,852 shares during the last quarter. KBC Group NV bought a new stake in Camping World during the first quarter valued at about $2,003,000. Sei Investments Co. boosted its position in Camping World by 44.7% during the first quarter. Sei Investments Co. now owns 208,795 shares of the company's stock valued at $1,426,000 after purchasing an additional 64,495 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Camping World by 189.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company's stock valued at $774,000 after purchasing an additional 74,200 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock. Camping World price performance. The firm has a 50 day simple moving average of $5.35 and a 200-day simple moving average of $7.39. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The company has a market cap of $521.10 million, a PE ratio of -3.25 and a beta of 2.15. About Camping World. Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States. In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Camping World, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camping World wasn't on the list. 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