---
title: "Camping World Shares Slide 19% as Loss Widens and Dividend Halted"
url: "https://camperfaqs.com/camping-world-shares-slide-19-as-loss-widens-and-dividend-halted"
author: "Tory Jon"
published: "2026-02-26T09:56:05-06:00"
modified: "2026-02-26T09:56:11-06:00"
---

# Camping World Shares Slide 19% as Loss Widens and Dividend Halted

Camping World Holdings shares fell sharply after the company reported a wider fourth-quarter loss and announced a pause in its dividend, pushing the stock closer to a five-year low.

 

## Fourth-Quarter Results Miss Expectations

 

On February 25, 2026, Camping World reported its fourth-quarter results. The numbers showed pressure across several key areas:

 
- Net loss: $67.3 million, or $1.07 per share, compared with a $31.6 million loss, or $0.56 per share, a year earlier
- Adjusted EPS: -$0.73, versus expectations of roughly -$0.57
- Revenue: $1.17 billion, down from $1.2 billion a year earlier and slightly above estimates of about $1.16 billion
- New vehicle revenue: $457.8 million, down 8 percent year over year
- New vehicle units sold: 10,750, down 7.1 percent
- New vehicle inventory: up 20 percent year over year
- Average gross profit per new unit: $5,231, down 20 percent
- Adjusted EBITDA loss: $26.2 million, compared with a $2.5 million loss a year earlier

 

Shares fell about 19 percent in early trading, changing hands near $8.80.

 

## Dividend Paused as Company Focuses on Debt

 

The company said it would pause its regular cash dividend, which had been yielding close to 5 percent. The board cited reduced excess tax available to fund payouts following recent tax law changes and said the company is prioritizing lower net debt leverage. Management stated it plans to reassess the dividend program at a later date.

 

## Outlook for 2026

 

Looking ahead to 2026, management projected adjusted EBITDA between $275 million and $325 million. Analysts had expected about $312.7 million. Executives noted early-season RV show momentum and said the company is focused on growing both new and used unit sales.

 

The company has also implemented a corrective inventory management plan aimed at improving turnover rates. Clearing excess inventory is expected to create gross margin pressure in the first half of 2026, followed by an improvement in the second half of the year.

 

## A Longer-Term Stock Decline

 

The recent drop adds to a longer trend in the stock.

 

Camping World went public in October 2016 at $22 per share under CEO Marcus Lemonis. In early 2020, during broader market stress tied to the pandemic, shares fell to roughly $3.40 before rebounding sharply as RV demand surged. By 2021, the stock climbed above $48 per share, marking its all-time high.

 

Since that peak, shares have steadily declined. At recent prices in the $8 to $9 range, the stock trades well below its IPO price and more than 80 percent under its 2021 high. Current levels place it near a five-year low.

 

Most of the company’s public market history, from its IPO through the 2021 peak and subsequent decline, occurred during Marcus Lemonis’s leadership. In late 2025, Matthew Wagner took over as CEO.

 

Camping World remains one of the largest RV retailers in the United States, with a nationwide dealership network and brands including Good Sam. Its recent earnings report and dividend pause highlight the challenges facing the company as it works to improve sales, manage inventory, and reduce debt while the stock sits far below its earlier highs.