CWH Stock Forecast & Price Target

Camping World Holdings Inc. demonstrated strong performance with a 15.6% year-over-year growth in combined same-store vehicle unit sales, highlighting particularly robust demand for used RVs, which grew by 33.4%. The company also noted improved average sales prices in July and strong ongoing sales volume, especially in the used RV segment, indicating a healthy demand trajectory. Additionally, with significant assets in real estate and inventory, alongside an adjusted EBITDA beat, Camping World Holdings is well-positioned to capitalize on market opportunities and sustain positive financial momentum.

Camping World Holdings Inc shows a concerning financial trajectory, with projected EBITDA for the next year significantly lower than market expectations, potentially reaching around $373 million, which exerts downward pressure on shares. The company's new RV trends are deteriorating for fiscal year 2026 and beyond, alongside a slowdown in used RV sales, leading to margin degradation that falls below the current run rate. Additionally, insufficient cash flow raises concerns about the company's ability to sustain its merger and acquisition activities, suggesting that its valuation may struggle to maintain current levels amidst these challenges.