Shares of Camping World Holdings Inc. (CWH) surged 6.06% in after-hours trading on Thursday, following the company's announcement that it has completed the acquisition of two Lazydays flagship locations in Murfreesboro, Tennessee, and Vancouver, Washington.
The acquisition is expected to boost Camping World's market share in these respective states and expand its product offerings with a more traditional RV product mix, aligning with the company's strategic priorities. Camping World Chairman and CEO Marcus Lemonis expressed optimism that these locations will contribute meaningfully to the company's market share momentum.
The company also stated that it expects to continue capitalizing on the robust dealership M&A environment by closing on additional locations in the coming weeks, further bolstering its growth prospects.
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