Tearsheet

Lazydays (GORV)


Market Price (11/28/2025): $0.43 | Market Cap: $1.6 Mil
Sector: Consumer Discretionary | Industry: Automotive Retail

Lazydays (GORV)


Market Price (11/28/2025): $0.43
Market Cap: $1.6 Mil
Sector: Consumer Discretionary
Industry: Automotive Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66%
Weak multi-year price returns
2Y Excs Rtn is -149%, 3Y Excs Rtn is -172%
Penny stock
Mkt Price is 0.4
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Recreational Vehicles, Leisure Travel, and Experiential Retail.
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -38 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%
2   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 33674%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -33%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -22%, Rev Chg QQuarterly Revenue Change % is -44%
4   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14677%
5   High stock price volatility
Vol 12M is 3106%
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Recreational Vehicles, Leisure Travel, and Experiential Retail.
2 Weak multi-year price returns
2Y Excs Rtn is -149%, 3Y Excs Rtn is -172%
3 Penny stock
Mkt Price is 0.4
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -38 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 33674%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -33%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -22%, Rev Chg QQuarterly Revenue Change % is -44%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14677%
8 High stock price volatility
Vol 12M is 3106%

Valuation, Metrics & Events

GORV Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points explaining the approximate -91.6% stock movement for Lazydays (GORV) from July 31, 2025, to November 28, 2025: 1. Intent to Delist from Nasdaq. Lazydays Holdings, Inc. announced its intention to delist its common stock from The Nasdaq Capital Market, with the delisting expected to be effective around November 28, 2025. This decision typically raises concerns among investors about the company's future in public markets and can significantly impact investor sentiment.

2. Sale of Substantially All Assets and Liquidation Plan. The company entered into an Asset Purchase Agreement with affiliates of Campers Inn Holding Corporation to sell substantially all of its assets. These asset sales, totaling approximately $143.5 million, were completed between November 19 and November 25, 2025. Following these transactions, Lazydays plans to wind up its affairs and dissolve.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GORV Return296%33%-45%-41%-86%-97%-99%
Peers Return17%34%5%28%19%-0%151%
S&P 500 Return16%27%-19%24%23%15%109%

Monthly Win Rates [3]
GORV Win Rate67%42%42%50%25%20% 
Peers Win Rate40%37%33%37%35%53% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
GORV Max Drawdown-59%-0%-46%-54%-89%-99% 
Peers Max Drawdown-30%-3%-12%-3%-5%-10% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: AN, MUSA, GPI, BGSI, OTH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/26/2025 (YTD)

How Low Can It Go

Unique KeyEventGORVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-77.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven353.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-63.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven176.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven47 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-66.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven198.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven260 days120 days

Compare to AN, MUSA, GPI, BGSI, OTH


In The Past

Lazydays's stock fell -77.9% during the 2022 Inflation Shock from a high on 6/16/2021. A -77.9% loss requires a 353.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lazydays (GORV)

Better Bets than Lazydays (GORV)

Latest Trefis Analyses

TitleTopic
0DASHBOARDS 
1Can Lazydays Stock Recover If Markets Fall?Return
Title
0ARTICLES

Trade Ideas

Select past ideas related to GORV. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-7.8%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.0%7.0%-2.4%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-5.6%-5.6%-8.8%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.8%-3.8%-7.7%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.4%12.4%-6.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-7.8%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.0%7.0%-2.4%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-5.6%-5.6%-8.8%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.8%-3.8%-7.7%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.4%12.4%-6.2%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Lazydays

Peers to compare with:

Financials

GORVANMUSAGPIBGSIOTHMedian
NameLazydays AutoNati.Murphy U.Group 1 .Boyd Ser.Off The . 
Mkt Price0.42210.59384.94402.93168.163.37189.38
Mkt Cap0.07.97.55.1--6.3
Rev LTM65927,91519,47922,5383,06311011,271
Op Inc LTM-381,2847409831023421
FCF LTM-6-178365493252-1126
FCF 3Y Avg-3957444236264-236
CFO LTM0111834778322-1217
CFO 3Y Avg8408831465327-408

Growth & Margins

GORVANMUSAGPIBGSIOTHMedian
NameLazydays AutoNati.Murphy U.Group 1 .Boyd Ser.Off The . 
Rev Chg LTM-33.0%6.1%-8.0%19.4%0.7%-0.7%
Rev Chg 3Y Avg-21.6%1.3%-2.7%13.0%12.5%-1.3%
Rev Chg Q-44.3%6.9%-8.2%10.7%0.2%-0.2%
QoQ Delta Rev Chg LTM-13.7%1.6%-2.2%2.6%0.0%-0.0%
Op Mgn LTM-5.8%4.6%3.8%4.4%3.3%2.9%3.6%
Op Mgn 3Y Avg-2.0%5.2%3.8%5.1%4.5%-4.5%
QoQ Delta Op Mgn LTM-0.2%-0.0%0.1%-0.1%-0.0%--0.0%
CFO/Rev LTM0.1%0.4%4.3%3.5%10.5%-0.5%1.9%
CFO/Rev 3Y Avg1.0%1.5%4.0%2.3%11.1%-2.3%
FCF/Rev LTM-0.9%-0.6%1.9%2.2%8.2%-0.6%0.6%
FCF/Rev 3Y Avg-3.5%0.2%2.1%1.1%9.0%-1.1%

Valuation

GORVANMUSAGPIBGSIOTHMedian
NameLazydays AutoNati.Murphy U.Group 1 .Boyd Ser.Off The . 
Mkt Cap0.07.97.55.1--6.3
P/S0.00.30.40.2--0.3
P/EBIT-0.06.110.97.1--6.6
P/E-0.012.416.214.8--13.6
P/CFO2.374.09.57.2--8.4
Total Yield-14,672.8%8.1%6.7%7.2%--6.9%
Dividend Yield0.0%0.0%0.5%0.5%--0.2%
FCF Yield 3Y Avg-1,067.2%1.1%5.6%5.0%--3.1%
D/E364.31.20.31.0--1.1
Net D/E336.71.20.31.0--1.1

Returns

GORVANMUSAGPIBGSIOTHMedian
NameLazydays AutoNati.Murphy U.Group 1 .Boyd Ser.Off The . 
1M Rtn-80.8%6.8%-2.7%2.5%---0.1%
3M Rtn-87.7%-5.3%3.0%-15.6%---10.4%
6M Rtn-95.4%15.3%-11.1%-4.7%---7.9%
12M Rtn-98.6%17.5%-30.1%-5.4%---17.7%
3Y Rtn-99.9%76.4%31.2%117.1%--53.8%
1M Excs Rtn-79.6%7.9%-1.6%3.6%--1.0%
3M Excs Rtn-92.4%-10.1%-1.8%-20.3%---15.2%
6M Excs Rtn-110.6%0.1%-26.3%-19.9%---23.1%
12M Excs Rtn-112.8%8.0%-43.2%-18.0%---30.6%
3Y Excs Rtn-172.4%5.5%-37.7%42.4%---16.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment1,083    
Finance and insurance 75734537
New vehicle retail 778725480353
Pre-owned vehicle retail 395373250214
Service, body and parts and other 5850  
Vehicle wholesale 2114  
Campground, rental, and other revenue   36
Parts, accessories, and related services   3936
Total1,0831,3271,235817645


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity184,842
Short Interest: % Change Since 1031202528.1%
Average Daily Volume1,005,491
Days-to-Cover Short Interest1
Basic Shares Quantity3,684,276
Short % of Basic Shares5.0%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2025-0.7%-12.8%-40.7%
3/31/2025-30.8%-48.7%-52.6%
11/19/20243.3%12.2%-12.2%
8/16/2024-5.0%-10.1%-28.4%
3/8/202413.2%17.4%-0.8%
11/3/2023-2.3%-5.6%21.8%
7/28/20232.9%2.2%-10.1%
2/23/2023-6.3%-1.5%-9.3%
...
SUMMARY STATS   
# Positive7106
# Negative12913
Median Positive5.2%3.7%10.2%
Median Negative-5.5%-10.1%-12.2%
Max Positive14.4%21.5%22.4%
Max Negative-30.8%-48.7%-52.6%

SEC Filings

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Report DateFiling DateFiling
6302025814202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024331202510-K 12/31/2024
93020241118202410-Q 9/30/2024
6302024815202410-Q 6/30/2024
3312024515202410-Q 3/31/2024
12312023312202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023728202310-Q 6/30/2023
3312023428202310-Q 3/31/2023
12312022301202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021311202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Coliseum Capital Management, LLC 11192024Buy1.0314,563,10614,999,99921,718,095Form