Camping World Holdings has reported a significant milestone in its financial performance, with the fourth quarter and full year results ending December 31, 2025. The company's CEO, Matthew Wagner, highlighted the key achievements of the past year, including the return to growth and substantial increases in Adjusted EBITDA and combined new and used market share. These gains are a testament to the company's ability to adapt and evolve in response to changing market conditions.
The record-breaking new and used market share of over 13% is a notable achievement, demonstrating Camping World's strong position in the recreational vehicle industry. This growth can be attributed to various factors, including the company's efforts to optimize its dealership portfolio and execute succession plans. The resulting more efficient base of nearly 200 locations has enabled Camping World to better serve its customers and expand its market share.
Matthew Wagner emphasized his excitement about the future, stating that he is 'honored and excited' to build upon the company's market leading position. This sentiment reflects the company's commitment to continued growth and innovation in the years to come. As the industry continues to evolve, Camping World will need to remain agile and responsive to changing customer needs and market trends.
The company's focus on three key goals for 2026 is also noteworthy. New and used unit growth, accelerating Good Sam's growth, and SG&A cost efficiency are all critical objectives that will require careful planning and execution. By prioritizing these areas, Camping World aims to strengthen its foundation and maintain its competitive edge.
One of the key strategies outlined by Wagner is the acceleration of new and used inventory turns. This initiative aims to improve the company's ability to respond quickly to changing customer demand and reduce inventory costs. By streamlining its supply chain and optimizing its inventory levels, Camping World can better serve its customers and increase revenue.
Reinvesting in the customer experience across the enterprise is another key area of focus for Camping World. This includes enhancing its retail offerings, improving its e-commerce platform, and investing in digital marketing initiatives. By prioritizing the customer experience, Camping World aims to differentiate itself from competitors and build loyalty among its customers.
The company's decision to reprioritize cash flows and fortify its balance sheet is also a significant development. This move reflects Camping World's recognition of the importance of financial discipline and its commitment to long-term sustainability. By strengthening its balance sheet, Camping World can better weather economic downturns and invest in growth initiatives.
Overall, Camping World's record market share gains are a testament to the company's ability to adapt and evolve in response to changing market conditions. As the industry continues to grow and evolve, Camping World will need to remain agile and responsive to customer needs and market trends. By prioritizing growth, efficiency, and customer experience, the company is well-positioned for continued success.
The future of Camping World looks bright, with a strong foundation in place and a clear vision for growth and innovation. As the company continues to execute on its plans, it will be interesting to see how it responds to changing market conditions and customer needs. One thing is certain, however: Camping World's commitment to growth, efficiency, and customer experience will be crucial in maintaining its market lead.
The company's focus on growth and efficiency will be crucial in maintaining its market lead.
