Reading CWH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CWH free→Reading CWH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CWH free→NYSEConsumer DiscretionaryAuto & Truck DealershipsSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been steady. The company was unprofitable over the past year, so its earnings quality can't be assessed. Risk is high, and the sector backdrop is a headwind, with CWH trading below typical for its sector peers. Peer multiples imply a price about 688% below where it trades (it looks expensive on this basis); the read is rich, as it trades above peer multiples, and the longer horizon does not make that back through growth. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $7.75. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $7.75 CWH trades at 0× p/s, below its 1× p/s peer median. Our $0.95 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 713% near-term growth, well above our forecast of about -1%. This describes what's priced in, not a forecast of the move.
Only expensive valuation — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 48% of the time over the next year (vs 64% for the rest of the cohort, n=3804).
Over the trailing year it converted -0.32x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
2 material management or governance events in the past 24 months, led by executive changes. Historically, Consumer Discretionary names rated stable grew net income 55% of the time over the next year (vs 56% for the rest of the cohort, n=483).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.58 → $0.57 (-2.2% / 30d). 0 raised, 3 cut, 12 covering analysts.
0 upgrades, 0 downgrades / 30d. 83% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$315.
How much price usually moves either way.
On a bad day, this stock has moved -$724.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,904.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Falling retail sales may show that consumer spending is still weak.
Confirms:The June retail sales report shows a decline in sales month over month.
Disproves:Retail sales report shows an increase in sales month over month.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Declining sales and losses indicate significant operational challenges.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
shall be deemed to be furnished, and not filed: Exhibit No. Description Exhibit 99.1 Press Release dated April 29, 2026 Exhibit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAMPING WORLD HOLDINGS, INC. By: /s/ Thom…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2021-Q3, 2022-Q1, 2022-Q2, 2022-Q3
A side-by-side read on sector standing, valuation, and risk versus Automotive Retail.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
CWH Camping World Holdings, Inc. | Below typical Show detailsSector percentile: 23 of 100 | expensive | high |
ORLY O’Reilly Automotive | Typical Show detailsSector percentile: 63 of 100 | expensive | moderate |
CVNA Carvana | Above typical Show detailsSector percentile: 81 of 100 | inexpensive | elevated |
AZO AutoZone | Above typical Show detailsSector percentile: 74 of 100 | full | moderate |
PAG Penske Automotive Group | Typical Show detailsSector percentile: 63 of 100 | full | moderate |
Not investment advice. As of 2026-06-15.
via XLY
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Camping World aims to achieve Adjusted EBITDA in the range of $275 million to $325 million for the fiscal year 2026.
Stated in 3 of last 3 quarters. The company has consistently reiterated its Adjusted EBITDA guidance range of $275M to $325M for 2026. However, financials show a net income loss of $16.4M in 2026-Q1, indicating limited progress towards profitability. The trajectory shows persistent focus but narrow delivery so far.
“The Company is reiterating its previous guidance range of Adjusted EBITDA in the range of $275 million to $325 million.”
“For 2026, Camping World expects Adjusted EBITDA in the range of $275 million to $325 million.”
“We see a consecutive year of Adjusted EBITDA growth, starting in the low $300 million range.”
Camping World aims to increase its new and used combined market share to over 20% in the medium term.
Newly stated in 2025-Q2. The company has set a medium-term goal to increase its market share to over 20%. However, there is no specific financial data provided in the recent quarters to indicate progress towards this goal. The trajectory remains unclear with limited substantive delivery.
“We believe that more upside exists in the 15% new and used combined market share goal we set last year, with 20% plus emerging as a realistic medium-term goal.”
Why it matters: If revenue grows, it may show a recovery in consumer spending.
Confirms:The July earnings report shows revenue growth above 0% year over year.
Disproves:Revenue continues to decline year over year in the July earnings report.
Why it matters: Interest rate changes can impact how much consumers spend and borrow.
Confirms one read:FOMC raises interest rates in the June 17 meeting.
Confirms the other:FOMC keeps interest rates unchanged in the June 17 meeting.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 7, 2026, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Camping World Holdings, Inc. (the “Company”) approved a second amended and restated employment agreement with Thomas E. Kirn, the Company’s Chief Financial Officer (the “Kirn Employment Agreement”) and a second amended and restated…
shall be deemed to be furnished, and not filed: Exhibit No. Description Exhibit 99.1 Press Release dated February 24, 2026 Exhibit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAMPING WORLD HOLDINGS, INC. By: /s/ T…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 2, 2025, Marcus A. Lemonis informed the Board of Directors (the “Board”) of Camping World Holdings, Inc. (the “Company”) that he would retire as Chief Executive Officer, Chairman of the Board and as a member of the Board, effective December 31, 2025. Following his retirement from his role as Chief Executive Officer and Chairman of the B…
shall be deemed to be furnished, and not filed: Exhibit No. Description Exhibit 99.1 Press Release dated October 28, 2025 Exhibit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAMPING WORLD HOLDINGS, INC. By: /s/ Th…