Camping World Holdings, Inc. reported a strong first quarter in 2025, with revenue increasing by 3.6% to $1.4 billion. The company saw significant growth in used vehicle sales, with units up 30.3%, and a substantial improvement in Adjusted EBITDA, which increased by 278% to $31.1 million. Despite a decrease in new vehicle revenue and average selling prices for both new and used vehicles, the company's focus on increasing unit sales and managing expenses contributed to improved profitability.
Total revenue increased by 3.6% to $1.4 billion for the first quarter of 2025.
Used vehicle unit sales grew significantly by 30.3%, while new vehicle unit sales decreased slightly by 0.9%.
Adjusted EBITDA saw a substantial increase of 278.0%, reaching $31.1 million.
Net loss improved by 51.4% to $24.7 million compared to the same period last year.
The company remains confident in its guideposts to deliver growth in excess of low-double digits in used units and low single digits in new units, vehicle gross margins within its historical range and SG&A as a percentage of gross profit improving by 600-700 basis points. They continue to meet the customer where they want to be met in terms of price and payment.
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