Reports Q1 revenue $1.5B, consensus $1.48B. Same store used vehicle unit sales increased 7.0% for the first quarter, and same store new vehicle unit sales decreased 30.6%. Marcus Lemonis, Chairman and CEO of Camping World Holdings, Inc. stated, "As we predicted, despite softer new vehicle demand and gross margin in the quarter, we saw record setting gross profit performance in used vehicles and Good Sam Services and Plans. What’s most unusual about this moment is the rapid and recent influx of dealership acquisition opportunities, which we haven’t seen since we went public. Based on our acquisition activity year to date, we anticipate the pipeline will fill up, and we plan to capitalize on it."
Published first on TheFly
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