Camping World Holdings, Inc. (CWH) reported second-quarter 2026 revenue of $1.9 billion, down 2.1% from a year earlier and below the $2.0 billion estimate. Net income attributable to common shareholders came in at $26.9 million, while diluted earnings per share were $0.42.
Profitability softened across the income statement. Gross profit fell 9.1% to $538.4 million, operating profit declined 29.5% to $91.8 million, and cost of sales increased slightly to $1.4 billion. The company’s earnings also trailed Wall Street expectations, with EPS missing the $0.63 estimate.
Cash generation was a bright spot in the quarter. Cash from operating activities rose sharply to $398.8 million, up 112.2% year over year, while capital spending decreased to $29.6 million. Cash and cash equivalents increased to $224.1 million, and total liabilities declined to $4.5 billion.
- Revenue: $1.9 billion
- Operating profit: $91.8 million
- Net income: $26.9 million
- Operating cash flow: $398.8 million
- Cash balance: $224.1 million
The market reacted negatively to the release, with the stock falling 10.1% after the close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Camping World Holdings, Inc. Hedge Fund Activity
We have seen 107 institutional investors add shares of Camping World Holdings, Inc. stock to their portfolio, and 94 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 2,998,537 shares (-71.5%) from their portfolio in Q1 2026, for an estimated $20,480,007
- NANTAHALA CAPITAL MANAGEMENT, LLC added 2,200,732 shares (+207.9%) to their portfolio in Q1 2026, for an estimated $15,030,999
- MILLENNIUM MANAGEMENT LLC added 2,002,947 shares (+355.0%) to their portfolio in Q1 2026, for an estimated $13,680,128
- GOLDMAN SACHS GROUP INC added 1,842,280 shares (+93.5%) to their portfolio in Q1 2026, for an estimated $12,582,772
- FMR LLC removed 1,541,964 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $10,531,614
- BALYASNY ASSET MANAGEMENT L.P. removed 1,515,853 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $10,353,275
- PHILOSOPHY CAPITAL MANAGEMENT LLC added 1,467,219 shares (+123.1%) to their portfolio in Q1 2026, for an estimated $10,021,105
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Camping World Holdings, Inc. Price Targets
Multiple analysts have issued price targets for $CWH recently. We have seen 4 analysts offer price targets for $CWH in the last 6 months, with a median target of $15.0.
Here are some recent targets:
- Michael Swartz from Truist Securities set a target price of $14.0 on 04/09/2026
- Noah Zatzkin from Keybanc set a target price of $12.0 on 02/26/2026
- Gerrick Johnson from BMO Capital set a target price of $16.0 on 02/26/2026
- Scott Stember from Roth Capital set a target price of $16.0 on 02/26/2026
