Camping World Shares Plunge 24.8% Following Q3 2025 Financial Misstatements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
0mins
Should l Buy CWH?
Source: Globenewswire
- Financial Misstatement Investigation: Camping World Holdings is under investigation by the Schall Law Firm for failing to disclose errors related to deferred tax assets in its Q3 2025 financial results, potentially leading to investor losses.
- Stock Price Volatility: Following the announcement of these financial discrepancies, Camping World's shares plummeted nearly 24.8% the next day, indicating severe market concerns regarding the company's transparency and management credibility.
- Deferred Tax Asset Adjustment: The company revised its 2024 annual report to increase reported deferred tax assets, which may impact future financial performance and investor confidence.
- Increased Legal Risks: As the investigation unfolds, Camping World faces potential legal action risks, which could further affect shareholder rights and market performance.
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Analyst Views on CWH
Wall Street analysts forecast CWH stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.530
Low
17.00
Averages
18.67
High
22.00
Current: 11.530
Low
17.00
Averages
18.67
High
22.00
About CWH
Camping World Holdings, Inc. is a retailer of recreational vehicles (RVs) and related products and services. The Company operates through two segments: Good Sam Services and Plans and RV and Outdoor Retail. Its Good Sam Services and Plans segment consists of programs, plans and services that are geared towards protecting, insuring and promoting the RV & travel lifestyles, and includes services such as extended vehicle service contracts, vehicle roadside assistance, property and casualty insurance, travel protection, travel planning and directories, and publications. Its RV and Outdoor Retail segment consists of all aspects of its RV dealership operations, which includes selling new and used RVs, assisting with the financing of new and used RVs, selling protection and insurance-related services and plans for RVs, servicing and repairing new and used RVs, installing RV parts and accessories, and selling RV and outdoor related products, parts and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Small-Cap Stocks with Lowest Dividend Safety Grades
- Dividend Safety Overview: Currently, Alexander’s (ALX) holds a dividend safety grade of F, indicating significant risks in maintaining dividend payments, which could negatively impact investor confidence and stock performance.
- List of Low-Rated Stocks: Following closely are Arko (ARKO) and Brandywine Realty Trust (BDN), both also rated F, suggesting these companies struggle to secure dividends during economic fluctuations, potentially leading to capital outflows.
- Sector Distribution: The stocks with low dividend safety grades span various sectors, including Retail REITs, Healthcare, and Automotive Retail, reflecting overall financial health concerns in these areas, warranting caution from investors.
- Rating Standard Interpretation: Dividend safety grades are assessed on a scale from A+ to F, with an F rating indicating a company's inability to sustain dividends in the current economic climate, serving as a potential sell signal for investors.
See More
Camping World Holdings (CWH) Faces Investigation Over Tax Asset Misstatements, Shares Drop 24.79%
- Financial Report Revision: On October 28, 2025, Camping World disclosed in its Q3 earnings report a revision to its 2024 annual report, increasing deferred tax assets by $43.8 million, indicating management's misjudgment of the realizable portion of the outside basis difference, which may impact financial transparency.
- Stock Price Volatility: Following the financial revision announcement, Camping World's stock plummeted from $16.82 per share on October 28 to $12.65 on October 29, a decline of 24.79%, reflecting investor concerns over the company's financial health.
- Ongoing Legal Investigation: Kirby McInerney LLP is investigating potential violations of federal securities laws by Camping World and its senior management, with no lawsuits filed yet, indicating the company faces significant legal risks.
- Investor Rights Awareness: The investigation aims to protect investor rights, and those who purchased Camping World securities during this period are advised to consult legal counsel to understand their rights and interests.
See More
Camping World (CWH) Partners with Costco (COST) to Boost High-End RV Sales
- Partnership Catalyst: Camping World's collaboration with Costco is viewed as a new unit catalyst, expected to drive sales of higher-priced RVs, particularly fifth wheels and motorized units, thereby reinforcing its leadership in the U.S. RV market.
- Streamlined Sales Process: Through Costco's Auto Program, members enjoy prearranged no-haggle pricing and additional discounts, simplifying the RV purchasing process and enhancing customer experience and satisfaction.
- Positive Market Reaction: Camping World's shares have rallied over 19% in 2026, reflecting investor optimism regarding lower interest rates and improved demand, indicating a favorable market response to this partnership.
- Strategic Positioning: Camping World leverages its status as the largest U.S. RV retailer, combined with Costco's membership base, to further boost sales and enhance competitive positioning in the market.
See More
Camping World (CWH) CEO and Chairman Resignation Leads to 13% December Stock Drop
- Executive Changes: Camping World announced on December 8 that CEO and Chairman Marcus Lemonis would resign effective January 1, leading to a 13% stock drop in December, reflecting investor concerns over his departure.
- Internal Promotions: The company appointed current President Matthew Wagner as the new CEO and Brent Moody as Chairman, demonstrating Camping World's commitment to internal talent, which may help maintain operational continuity.
- Leadership Impact: Lemonis, a well-known CEO, not only elevated Camping World's market position but also brought significant exposure through his television shows, indicating his profound influence as investors reacted strongly to his exit.
- Market Reaction: Despite the stock drop in December, Camping World's share price has gradually recovered in early 2026, suggesting that market confidence in the new leadership is returning, potentially prompting investors to reassess the stock's value.
See More
Camping World (CWH) Announces CEO and Chairman Transition Amid 13% December Stock Decline
- Leadership Transition: Camping World announced that CEO and Chairman Marcus Lemonis will resign effective January 1, raising investor concerns about the company's future and leading to a 13% stock decline in December.
- Internal Promotions: The company appointed Matthew Wagner as the new CEO while retaining his president title, and Brent Moody as chairman, reflecting a commitment to internal talent development and trust in long-serving executives.
- Market Reaction: Despite the leadership changes causing short-term stock volatility, the stock price has begun to recover in 2026, indicating market confidence in the new leadership team's ability to adapt.
- Investor Sentiment: Lemonis's departure is viewed as a significant loss, as his television presence provided substantial exposure for the company, impacting investor confidence and necessitating a reassessment of views on Camping World.
See More
Regencell Faces DOJ Investigation, Stock Plummets 18.56%
- Legal Investigation Initiated: Regencell Bioscience Holdings disclosed on October 31, 2025, that it received a subpoena from the DOJ due to recent market volatility, indicating an investigation into its ordinary share trading, which is expected to incur significant legal costs and potential fines exceeding any insurance coverage.
- Stock Price Plummets: Following the investigation news, Regencell's stock price fell by $3.09, or 18.56%, closing at $13.56 per share on November 3, 2025, reflecting market uncertainty and declining investor confidence in the company's future.
- Financial Restatement Impact: Camping World Holdings announced on October 28, 2025, that it had revised its 2024 financial statements, increasing deferred tax assets by $43.8 million, leading to a stock price drop of $4.17, or 24.79%, on October 29, 2025, highlighting the negative impact of insufficient financial transparency on investor trust.
- Investor Scrutiny Intensifies: As both companies face legal and financial challenges, investor scrutiny regarding their future performance has significantly increased, potentially leading to further market volatility and a crisis of confidence.
See More
Analysis of Small-Cap Stocks with Lowest Dividend Safety Grades
- Dividend Safety Overview: Currently, Alexander’s (ALX) holds a dividend safety grade of F, indicating significant risks in maintaining dividend payments, which could negatively impact investor confidence and stock performance.
- List of Low-Rated Stocks: Following closely are Arko (ARKO) and Brandywine Realty Trust (BDN), both also rated F, suggesting these companies struggle to secure dividends during economic fluctuations, potentially leading to capital outflows.
- Sector Distribution: The stocks with low dividend safety grades span various sectors, including Retail REITs, Healthcare, and Automotive Retail, reflecting overall financial health concerns in these areas, warranting caution from investors.
- Rating Standard Interpretation: Dividend safety grades are assessed on a scale from A+ to F, with an F rating indicating a company's inability to sustain dividends in the current economic climate, serving as a potential sell signal for investors.
See More
Camping World Holdings (CWH) Faces Investigation Over Tax Asset Misstatements, Shares Drop 24.79%
- Financial Report Revision: On October 28, 2025, Camping World disclosed in its Q3 earnings report a revision to its 2024 annual report, increasing deferred tax assets by $43.8 million, indicating management's misjudgment of the realizable portion of the outside basis difference, which may impact financial transparency.
- Stock Price Volatility: Following the financial revision announcement, Camping World's stock plummeted from $16.82 per share on October 28 to $12.65 on October 29, a decline of 24.79%, reflecting investor concerns over the company's financial health.
- Ongoing Legal Investigation: Kirby McInerney LLP is investigating potential violations of federal securities laws by Camping World and its senior management, with no lawsuits filed yet, indicating the company faces significant legal risks.
- Investor Rights Awareness: The investigation aims to protect investor rights, and those who purchased Camping World securities during this period are advised to consult legal counsel to understand their rights and interests.
See More
Camping World (CWH) Partners with Costco (COST) to Boost High-End RV Sales
- Partnership Catalyst: Camping World's collaboration with Costco is viewed as a new unit catalyst, expected to drive sales of higher-priced RVs, particularly fifth wheels and motorized units, thereby reinforcing its leadership in the U.S. RV market.
- Streamlined Sales Process: Through Costco's Auto Program, members enjoy prearranged no-haggle pricing and additional discounts, simplifying the RV purchasing process and enhancing customer experience and satisfaction.
- Positive Market Reaction: Camping World's shares have rallied over 19% in 2026, reflecting investor optimism regarding lower interest rates and improved demand, indicating a favorable market response to this partnership.
- Strategic Positioning: Camping World leverages its status as the largest U.S. RV retailer, combined with Costco's membership base, to further boost sales and enhance competitive positioning in the market.
See More
Camping World (CWH) CEO and Chairman Resignation Leads to 13% December Stock Drop
- Executive Changes: Camping World announced on December 8 that CEO and Chairman Marcus Lemonis would resign effective January 1, leading to a 13% stock drop in December, reflecting investor concerns over his departure.
- Internal Promotions: The company appointed current President Matthew Wagner as the new CEO and Brent Moody as Chairman, demonstrating Camping World's commitment to internal talent, which may help maintain operational continuity.
- Leadership Impact: Lemonis, a well-known CEO, not only elevated Camping World's market position but also brought significant exposure through his television shows, indicating his profound influence as investors reacted strongly to his exit.
- Market Reaction: Despite the stock drop in December, Camping World's share price has gradually recovered in early 2026, suggesting that market confidence in the new leadership is returning, potentially prompting investors to reassess the stock's value.
See More
Camping World (CWH) Announces CEO and Chairman Transition Amid 13% December Stock Decline
- Leadership Transition: Camping World announced that CEO and Chairman Marcus Lemonis will resign effective January 1, raising investor concerns about the company's future and leading to a 13% stock decline in December.
- Internal Promotions: The company appointed Matthew Wagner as the new CEO while retaining his president title, and Brent Moody as chairman, reflecting a commitment to internal talent development and trust in long-serving executives.
- Market Reaction: Despite the leadership changes causing short-term stock volatility, the stock price has begun to recover in 2026, indicating market confidence in the new leadership team's ability to adapt.
- Investor Sentiment: Lemonis's departure is viewed as a significant loss, as his television presence provided substantial exposure for the company, impacting investor confidence and necessitating a reassessment of views on Camping World.
See More
Regencell Faces DOJ Investigation, Stock Plummets 18.56%
- Legal Investigation Initiated: Regencell Bioscience Holdings disclosed on October 31, 2025, that it received a subpoena from the DOJ due to recent market volatility, indicating an investigation into its ordinary share trading, which is expected to incur significant legal costs and potential fines exceeding any insurance coverage.
- Stock Price Plummets: Following the investigation news, Regencell's stock price fell by $3.09, or 18.56%, closing at $13.56 per share on November 3, 2025, reflecting market uncertainty and declining investor confidence in the company's future.
- Financial Restatement Impact: Camping World Holdings announced on October 28, 2025, that it had revised its 2024 financial statements, increasing deferred tax assets by $43.8 million, leading to a stock price drop of $4.17, or 24.79%, on October 29, 2025, highlighting the negative impact of insufficient financial transparency on investor trust.
- Investor Scrutiny Intensifies: As both companies face legal and financial challenges, investor scrutiny regarding their future performance has significantly increased, potentially leading to further market volatility and a crisis of confidence.
See More
