Camping World Holdings Inc. Class A Common Stock (CWH)

FairStock Score: 30/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business at a sensible price, and Camping World is a tough, cyclical retailer. It sells RVs and related services, but RV retailing is competitive and tied to consumer confidence and credit. The moat is not obvious. The filed record shows volatility. In fiscal 2023, the year ended 2023-12-31, revenue was $6.2B and net income was $33.4M. In fiscal 2024, the year ended 2024-12-31, revenue was $6.1B and net loss was $38.6M. In fiscal 2025, the year ended 2025-12-31, revenue was $6.4B and net loss was $89.8M. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $1.9B and net income of $26.9M, but fiscal Q1 2026 ended 2026-03-31 had a net loss of $16.4M, and fiscal Q3 2025 ended 2025-09-30 lost $40.4M. Profitability is not dependable. At the 2026-10-13 close of $4.45, FairStock calculates a negative P/E of -2.85, P/B of 1.16, FCF yield of 10.9%, EV/EBITDA of 10.43, ROE of -26.53%, ROCE of 1.93%, and D/E of 9.37. Its Altman Z-Score of 0.65 is distress territory, though the Piotroski F-Score of 7/9 is a positive signal. The FairStock Score is 30/100, and Lynch category is TURNAROUND — loss in the latest year after earlier profits. There is asset value near book and cash generation, but debt and losses dominate. I would need a much larger margin of safety before calling this a sound value.

In plain English: Camping World sells recreational vehicles and related services, like repair plans and roadside help. The business has been losing money on a full-year basis, though it made a small profit in the latest quarter. The stock price is low compared with the company's sales, but its losses and heavy debt mean it does not clearly look cheap or safe.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer