Camping World CEO sells over $2.5 million in company stock

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Camping World Holdings, Inc. (NYSE:) CEO Marcus Lemonis has sold a significant number of shares in the company, according to a recent SEC filing. The chief executive offloaded a total of 100,000 shares of Class A Common Stock at varying prices, resulting in aggregate proceeds of over $2.5 million.

The transactions occurred on March 15, 2024, with the prices of the shares ranging from $25.5275 to $26.5001. Specifically, Lemonis sold 89,577 shares at a weighted average price of $25.5275, with individual sales prices between $25.445 and $25.76. An additional 10,423 shares were sold at a weighted average price of $26.5001, with sales prices ranging from $26.50 to $26.51. These figures were calculated based on the information provided in the SEC filing footnotes, which also offered to provide full details of the transactions upon request.

Following these sales, the SEC filing indicates that Lemonis still holds a substantial amount of Camping World stock directly. Moreover, the CEO may be deemed the beneficial owner of additional shares held by related entities due to his positions within these companies. The total number of Class A common stock reported does not include over 32 million common units in CWGS Enterprises, LLC, which are redeemable for Class A common stock and are beneficially owned by Lemonis through CWGS Holding, a subsidiary of ML Acquisition Company, LLC.

Investors and market watchers often scrutinize the trading activity of company insiders for insights into their perspective on the company’s future performance. The sale of a large number of shares by a top executive can attract particular attention.

Camping World Holdings, Inc. is a well-known retailer of recreational vehicles, related accessories, and services. The company has been expanding its market presence and has made headlines in the past for its growth strategies and performance in the RV sector.

The transactions were carried out in accordance with SEC regulations, and the necessary disclosures have been fully made public by the required filings.

InvestingPro Insights

As Camping World Holdings, Inc. (NYSE:CWH) navigates through the market, real-time data from InvestingPro gives us a clearer picture of the company’s financial standing. With a market capitalization of $2.13 billion and a rather high Price to Earnings (P/E) ratio of 36.05, investors are weighing the company’s earnings potential against its current stock price. Adjusting for the last twelve months as of Q4 2023, the P/E ratio slightly decreases to 32.08, reflecting the company’s earnings in that period.

Despite recent volatility in Camping World’s stock price, with a 1-week total return of -7.78%, the company has shown resilience with a robust 5-year return. An InvestingPro Tip suggests that analysts are optimistic about the company’s profitability, forecasting net income growth this year. This is further corroborated by the company’s track record of maintaining dividend payments for 9 consecutive years, offering a dividend yield of 2.0% as of the latest data.

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