Here are 1-3 brief analogies for Camping World (CWH):

• CarMax for RVs

• AutoNation for RVs

• Bass Pro Shops for RVs

• New and Used Recreational Vehicles (RVs): Sales of a wide range of new and pre-owned motorhomes, travel trailers, and other RV types.
• RV Parts and Accessories: Retail of essential components, upgrades, and lifestyle products for recreational vehicles and outdoor living.
• RV Service and Maintenance: Comprehensive repair, maintenance, collision, and installation services for all types of recreational vehicles.
• RV Financing and Insurance: Facilitating financing for RV purchases and offering various insurance products tailored for RV owners.
• RV Membership Programs: Operating membership clubs providing benefits such as discounts on campgrounds, parts, and services.

• First-Time & Family RV Buyers: This category includes individuals and families new to the RV lifestyle, often seeking an affordable and flexible way to travel, explore national parks, or enjoy family vacations. They might be interested in a range of RV types, from towables (travel trailers, fifth wheels) to smaller motorhomes.
• Experienced RVers & Retirees: This segment comprises individuals or couples, frequently retirees or those approaching retirement, who have prior RV experience or are looking for an RV to support extended travel, "snowbirding," or full-time living. They often seek larger, more luxurious motorhomes or well-appointed towables for comfort and long-term use.
• Outdoor & Lifestyle Enthusiasts: These customers use RVs to support specific hobbies and outdoor activities such as camping, tailgating, motorsports, fishing, or hunting. Their RV choice might be influenced by factors like cargo capacity for gear, off-grid capabilities, or specific layouts that cater to their recreational pursuits.

• Thor Industries, Inc. (THO)
• Forest River, Inc.

Marcus Lemonis, Chairman and Chief Executive Officer

Marcus Lemonis is a co-founder of Camping World and has served as its Chairman and Chief Executive Officer since its formation. He was previously the CEO of Holiday RV Superstores Inc. from June 2001 to February 2003. Lemonis co-founded FreedomRoads, which acquired RV dealerships, and in 2006, FreedomRoads merged with Camping World, with Lemonis becoming CEO. In 2011, the company merged with Good Sam Enterprises, where Lemonis continued to lead. He also serves as the CEO of Good Sam Club and Gander Outdoors. Lemonis is widely recognized as the star of CNBC's reality show "The Profit," where he invests in and advises struggling small businesses. His early exposure to the automotive industry came through his great uncle, who owned two of the largest Chevrolet dealerships in the United States, and he was mentored by Lee Iacocca, who helped him establish Holiday RV Superstores.

Thomas E. Kirn, Chief Financial Officer

Thomas E. Kirn has served as Camping World Holdings, Inc.'s Chief Financial Officer since July 2024. Prior to this role, he was the Chief Accounting Officer from September 2020 to July 2024. He also held the position of Chief Financial Officer for FreedomRoads, LLC, an indirect subsidiary of Camping World Holdings, Inc., from September 2019 to September 2020. Before joining FreedomRoads, Mr. Kirn gained extensive experience at Ernst & Young, LLP, where he held various roles from 2009 to 2019, including Assurance Senior Manager.

Matthew D. Wagner, President

Matthew D. Wagner has been the President of Camping World Holdings, Inc. since July 2024. He previously served as Chief Operating Officer from January 2023 to July 2024. Mr. Wagner's career at the company began in 2007 as an inventory analyst, and he has since held several leadership positions, including Executive Vice President from August 2019 to December 2022 and Senior Vice President, Sales, Marketing, and Corporate Development from December 2018 to August 2019. He also served as the Vice President of Inventory Operations for FreedomRoads, LLC from May 2016 to December 2018.

Lindsey J. Christen, Chief Administrative and Legal Officer

Lindsey J. Christen has served as Camping World Holdings, Inc.'s Chief Administrative and Legal Officer since July 2023, and she has also been the Company's Secretary since June 2020. Before her current role, Ms. Christen was the Executive Vice President and General Counsel from February 2022 to July 2023. Her experience within the company includes serving as Assistant General Counsel of CWI, Inc., FreedomRoads, LLC, and Good Sam Enterprises, LLC, from January 2011 to June 2020.

Brenda Wintrow, Executive Vice President Of Operations

Brenda Wintrow holds the title of Executive Vice President of Operations at Camping World Holdings.

Camping World Holdings, Inc. (CWH) operates in several segments within the recreational vehicle (RV) market, including RV sales, RV parts and accessories, RV service, and RV rentals.

Addressable Markets for Camping World's Main Products and Services:

• RV Sales: The North American RV market was valued at approximately $21.77 billion in 2025 and is projected to reach $32.54 billion by 2030. The U.S. recreational vehicle market alone is expected to reach approximately $48.8 billion in 2025.
• RV Parts and Accessories: The global RV functional accessories market is valued at approximately $2.5 billion in 2025 and is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. North America dominates this market.
• RV Service and Repair: The global RV repair service market was valued at $3.89 billion in 2024 and is expected to grow to $4.16 billion in 2025, reaching $8 billion by 2035. Specifically for North America, this market was valued at $1.66 billion in 2024 and is projected to increase to $3.05 billion by 2035.
• RV Rentals: The RV and camper van rental market in the U.S. is estimated at $942.6 million in 2025. The global RV rental market is valued at $2.72 billion in 2025 and is forecast to reach $3.62 billion by 2030.

Camping World Holdings (CWH) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

1. Growth in Used RV Sales: The company expects double-digit growth to continue in the used RV segment, which is seen as a key driver for future profitability. This focus is partly due to affordability being a top concern for consumers, making used RVs a compelling value proposition. Camping World has also built capabilities and scalability into its used RV supply chain to support this growth.
2. Market Share Expansion: Camping World aims to increase its market share in both new and used RV sales. The company has set a medium-term target of achieving 20% market share of all new and used retail sales in North America, up from over 14% year-to-date. This expansion is supported by strategies such as contract manufacturing, expanded entry-level product offerings, and data-driven inventory management.
3. Strategic Dealership Expansion and Consolidation: While consolidating some locations for efficiency, Camping World also plans strategic dealership additions to expand its market share. Dealership acquisitions are considered a potential source of upside for future revenue growth.
4. Expansion of Good Sam Business: Camping World is actively exploring opportunities to expand its Good Sam business. The Good Sam services and plans have shown solid top-line growth and are considered a differentiator for the company, contributing to financial performance.
5. Increased Average Selling Prices (ASPs) and New Unit Sales: After seeing sequential growth in ASPs for both new and used units, Camping World anticipates average selling prices to modestly increase year-over-year. The company also expects a modest year-over-year increase in new unit sales, based on its model year 2025 inventory strategy and successful negotiations on year-over-year pricing reductions for new units.

Share Repurchases

• In January 2022, Camping World increased its stock repurchase program, with approximately $200 million remaining available for the repurchase of Class A common stock until December 31, 2025.
• Between November 2, 2020, and June 30, 2024, the company repurchased 7,392,628 shares for a total of $257.53 million under the previously authorized buyback plan.
• During fiscal year 2022, CWH repurchased 2,592,524 shares of its common stock for $79.8 million, at an average price of $30.78 per share.

Share Issuance

• In November 2024, Camping World completed an underwritten public offering of 14,634,146 shares of its Class A common stock at a public offering price of $20.50 per share, generating approximately $300 million in gross proceeds.
• The proceeds from this offering were utilized to purchase common units from CWGS Enterprises, LLC, which intended to use the net proceeds for general corporate purposes, including strengthening the balance sheet, providing working capital for growth, and reducing debt.
• This equity issuance resulted in approximately 25% shareholder dilution.

Outbound Investments

• Camping World actively engaged in acquisitions of smaller retail companies within the auto retail and aftersales sector, with 8 acquisitions in 2021, 5 in 2022, and 4 in 2023.
• Notable recent acquisitions in 2023 included All Seasons RV Center, Sonny's Camp N Travel, Travel Land RV Rentals, and Pan Pacific RV, although specific dollar amounts for these transactions were not disclosed.
• In May 2024, the company divested its RV furniture business.

Capital Expenditures

• Capital expenditures are primarily focused on investing in acquired and greenfield retail and RV dealership locations, enhancing existing store locations, and upgrading information technology, hardware, and software.
• Total capital expenditures were $90.484 million in 2021, $154.926 million in 2022, and $131.08 million in 2023.
• As of December 31, 2023, Camping World had future commitments totaling $25.6 million for the construction of new and existing dealership buildings.