Camping World cuts 2026 adjusted EBITDA outlook on weaker RV industry trends

Camping World Holdings

29/07/2026 21:41

Overview
US RV dealer's Q2 revenue fell 2% and missed analyst expectations
Adjusted EPS for Q2 was flat yr/yr and missed analyst expectations
Company cut full-year adjusted EBITDA outlook due to weaker industry trends and margin pressure

Outlook
Camping World lowers 2026 Adjusted EBITDA outlook to $230 mln-$270 mln from $275 mln-$325 mln
Company expects 2026 U.S. new RV retail sales of 290,000-310,000 units, down 15% at midpoint
Camping World sees sequential improvement in vehicle margins in second half of 2026

Result Drivers
WEAK RV INDUSTRY TRENDS - Co said new RV industry trends weakened during peak selling season, pressuring vehicle gross profit and resulting in earnings below expectations
LOWER NEW VEHICLE SALES AND MARGINS - New vehicle revenue and unit sales fell, and gross margin declined due to higher average costs and industry conditions
SG&A COST REDUCTIONS - SG&A expenses fell $26.6 mln, primarily from lower employee compensation and headcount reduction

Company press release: ID:nBw4F6vG3a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.93 bln
$2 bln (13 Analysts)
Q2 Adjusted EPS
Miss
$0.57
$0.62 (11 Analysts)
Q2 EPS
 
$0.42
 
Q2 Net Income
 
$43.71 mln
 
Q2 Gross Margin
 
27.8%
 
Q2 Gross Profit
 
$538.38 mln
 
Q2 Operating Income
 
$91.85 mln
 
Q2 Pretax Profit
 
$45.08 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Camping World Holdings Inc is $13.50, about 115% above its July 28 closing price of $6.28
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
July 28 - Polaris Q2 sales rise 9%, lifts 2026 outlook
July 28 - Asbury Automotive Q2 adjusted EPS beats estimates on used vehicle profitability 
July 29 - Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)