Camping World (NYSE:CWH) Shares Down 5.1% on Disappointing Earnings

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.

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:

• Positive Sentiment: 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. Camping World Holdings Reports Third Quarter 2026 Results
• Neutral Sentiment: 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 Analyst Outlook
• Negative Sentiment: 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. Camping World Reports Q3 Loss and Misses Revenue Estimates
• Negative Sentiment: 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. Camping World Slides on Weak RV Sales and Q3 Results
• Negative Sentiment: Zacks added CWH to its Rank #5, or “Strong Sell,” list, adding to the negative signal following the earnings miss. New Strong Sell Stocks for November 3rd

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.

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.

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