Camping World Shares Decline Despite Strong Q3 Performance
Camping World Holdings, Inc. (CWH) reported a 40% increase in Adjusted EBITDA for the third quarter, driven by record-breaking new and used vehicle sales, with revenue reaching $1.8 billion, a 4.7% year-over-year increase.
However, the company's shares plummeted nearly 25% due to a correction in prior period financial statements and a decline in new-vehicle sales.
“Year-to-date, our company achieved a record 13.5 percent market share of new and used units, an over 200 basis point combined improvement,” stated Matthew Wagner, president of Camping World Holdings, Inc.
- Record-breaking new and used vehicle sales drove Q3 performance
- Revenue increased 4.7% year-over-year to $1.8 billion
- Adjusted EBITDA grew 40% in Q3
Author's summary: Camping World's Q3 performance was strong, but shares fell due to accounting corrections.
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