Camping World Holdings, Inc. delivered a robust performance in the second quarter of 2025, achieving a 9.4% increase in total revenue to $2.0 billion. The company saw substantial growth in both new and used vehicle unit sales, which increased by 20.9% and 20.4% respectively, contributing to an all-time quarterly volume record of over 45,000 units. Net income surged by 145.7% to $57.5 million, and Adjusted EBITDA grew by 34.7% to $142.2 million, reflecting strong cost execution and improved gross margins in key segments.
Total revenue increased by 9.4% to $2.0 billion in Q2 2025 compared to the prior year.
Net income saw a significant improvement of 145.7%, reaching $57.5 million.
Combined new and used vehicle unit sales hit an all-time quarterly record of 45,602 units, up 20.7% year-over-year.
Adjusted EBITDA grew by 34.7% to $142.2 million, demonstrating strong operational efficiency.
Camping World expects continued momentum through July, with full-year new unit volume expected to be higher, growing in excess of high-singles compared to the prior year. New vehicle ASP is expected to improve seasonally in Q3 and Q4 but could be lower by 10-12% for the full year. The company anticipates 300-400 basis points of improvement in SG&A as a percentage of gross profit and aims for over $500 million of adjusted EBITDA based on today’s store count.
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