CWH Stock Forecast & Price Target

Camping World Holdings Inc has demonstrated strong financial momentum, highlighted by a significant year-over-year growth in same-store unit sales, particularly in the used RV market, which increased by 33.4%. The company is also seeing positive trends in average selling prices and ongoing high sales volume, indicating robust demand, especially for used RVs. Additionally, Camping World holds substantial monetizable assets, including $250 million in real estate and $500 million in used inventory, which provide a strong buffer against its current elevated leverage levels.

Camping World Holdings Inc is facing a significantly lowered EBITDA forecast for the upcoming year, anticipated to be around $373 million, which is notably weaker than market expectations and is placing downward pressure on the company's shares. The outlook for RV sales is deteriorating, particularly for new RVs expected to decline in FY26 and used RVs experiencing margin degradation, indicating a challenging revenue environment. Additionally, cash flow concerns are arising, preventing the company from sustaining its current merger and acquisition (M&A) activities, and overall vehicle gross margins have also shown a slight decline compared to previous periods, further contributing to the negative sentiment surrounding the stock.