Press Release

Deadline Approaching: Camping World Holdings, Inc. (CWH) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith

BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith reminds investors of the upcoming May 11, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Camping World Holdings, Inc. (โ€œCamping Worldโ€ or the โ€œCompanyโ€) (NYSE: CWH) securities between April 29, 2025 and February 24, 2026, inclusive (the โ€œClass Periodโ€).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CAMPING WORLD HOLDINGS, INC. (CWH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On October 28, 2025, Camping World released its third quarter 2025 financial results, reporting, among other things, that new vehicle revenue decreased $58.1 million, or 7.0%, the average selling price of new vehicles sold decreased 8.6%, and total gross margin decreased 27 basis points. The Company further disclosed it saw 2026 as a โ€œconsecutive year of Adjusted EBITDA growth, starting in the low $300 million range.โ€

On this news, Camping Worldโ€™s stock fell $4.17, or 24.8%, to close at $12.65 per share on October 29, 2025, thereby injuring investors.

Then, on February 24, 2026, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had โ€œimplemented strict, corrective inventory management objectives to structurally improve [its] turnover ratesโ€ creating gross margin headwinds into 2026. The Company reported financial results, including that โ€œnet loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%,โ€ โ€œadjusted EBITDA was $(26.2) million, an increased loss of $23.7 million,โ€ โ€œgross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points.โ€ Finally, the Company announced that it would be pausing its quarterly cash dividend, effective immediately.

On this news, Camping Worldโ€™s stock price fell $1.79, or 16.5%, to close at $9.06 per share on February 25, 2026, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companyโ€™s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company overstated its ability to โ€œsurgically manage [its] inventoryโ€ to optimize profit using โ€œdata analytics;โ€ (2) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, the Company would require โ€œstrict, corrective inventory management objectives,โ€ negatively impacting gross profit and margins; (4) the Companyโ€™s inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) as a result, Defendantsโ€™ positive statements about the Companyโ€™s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Camping World securities during the Class Period, you may move the Court no later than May 11, 2026 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements.

Contact Us To Participate or Learn More:

If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,

3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania 19020,

Telephone: (215) 638-4847

Email: [email protected],

Visit our website at: www.howardsmithlaw.com.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

[email protected]
www.howardsmithlaw.com

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