Camping World (CWH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Camping World (CWH) reported $1.73 billion in revenue for Q3 2024, a year-over-year decline of 0.3$0.13 compared to $0.39 a year ago, indicating a significant EPS surprise of +85.71$0.07 [1] Revenue Performance - Revenue from Good Sam Services and Plans was $50.84 million, slightly below the average estimate of$51.32 million, but showing a year-over-year increase of +1.9% [3] - Revenue from RV and Outdoor Retail for new vehicles was $824.92 million, exceeding the average estimate of$722.87 million, with a year-over-year increase of +21.5% [3] - Revenue from RV and Outdoor Retail for used vehicles was $447.24 million, below the average estimate of$458.95 million, reflecting a year-over-year decline of -24.2% [3] - Revenue from RV and Outdoor Retail's Good Sam Club was $10.90 million, compared to the average estimate of$12.06 million, representing a year-over-year decline of -1.4% [3] - Revenue from RV and Outdoor Retail finance and insurance was $166.26 million, slightly above the average estimate of$160.18 million, with a year-over-year increase of +1.6% [3] - Total revenue from RV and Outdoor Retail was $1.67 billion, surpassing the average estimate of$1.59 billion, but reflecting a year-over-year decline of -0.3% [3] - Revenue from RV and Outdoor Retail products, services, and other was $224.84 million, below the average estimate of$233.11 million, indicating a year-over-year decline of -4.6% [3] Unit Sales and Profit Metrics - Unit sales for new vehicles were 19,943, exceeding the two-analyst average estimate of 18,281 [3] - Unit sales for used vehicles were 14,065, slightly below the average estimate of 14,992 [3] - Average gross profit per unit for used vehicles was $5,771, above the average estimate of$4,947.60 [3] - Average selling price for used vehicles was $31,798, exceeding the average estimate of$29,984.01 [3] - Average gross profit per unit for new vehicles was $5,586, slightly below the average estimate of$5,790.29 [3] Stock Performance - Shares of Camping World have returned -14.1% over the past month, contrasting with the Zacks S&P 500 composite's +2% change, and the stock currently holds a Zacks Rank 3 (Hold) [4]