Camping World Holdings

CWH · NYSE

$4.52+$0.11 (+2.49%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $4.41

CWH analyst rating

BuyConsensus of 9 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy9
Hold0
Underperform0
Sell0

12-month price target · 14 analysts

Average $10.56 (+133.7% upside)

Low: $7.07
Now: $4.52
High: $15.75

Upgrades and downgrades

The latest rating actions, newest first

CWH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 13, 2026	Maintains	Buy	$8.00 → $7.00	44%
Keybanc	Oct 8, 2026	Maintains	Overweight	$9.00 → $8.00	37%
JP Morgan	Oct 6, 2026	Maintains	Overweight	$11.00 → $9.00	50%
Roth Capital	Sep 28, 2026	Maintains	Buy	$12.00 → $10.00	49%
Citigroup	Sep 16, 2026	Maintains	Buy	$9.00 → $8.00	44%
Truist Securities	Sep 10, 2026	Maintains	Buy	$14.00 → $10.00	41%
Citigroup	Aug 3, 2026	Maintains	Buy	$10.00 → $9.00	44%
JP Morgan	Jul 31, 2026	Maintains	Overweight	$16.00 → $11.00	50%
Keybanc	Jul 31, 2026	Maintains	Overweight	$12.00 → $9.00	37%
Citigroup	Jul 24, 2026	Maintains	Buy	$12.00 → $10.00	44%

The case for and against

Updated Apr 17, 2026

Bull case

Camping World Holdings Inc. demonstrates a favorable outlook driven by impressive growth in both the used and new RV segments, with overall same-store unit growth at 15.6% year-over-year and a notable 33.4% increase in used RV sales. The company anticipates solid gross margins of 13.4% for new RVs and 18.8% for used RVs, alongside an improved SG&A to gross profit ratio of 82.5%, which reflects operational efficiency. Furthermore, Camping World Holdings reported an adjusted EBITDA that exceeded expectations, suggesting strong revenue performance and potential for additional profits from modest improvements in capital efficiency.

Bear case

Camping World Holdings Inc. faces a challenging outlook with projected EBITDA for the upcoming year significantly lower than market expectations, with an implied adjusted EBITDA of $276 million for 2026, a decrease from a previous estimate of $313 million. The company's revenue growth is hindered by deteriorating trends in both new and used RV markets, with gross margins for new RVs expected to decline to 12.3% and used RVs to 18.0%, leading to overall margin degradation. Additionally, insufficient cash flow to support ongoing mergers and acquisitions and stagnant valuations contribute to a negative assessment of Camping World Holdings's financial prospects.

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