Lazydays Holdings Inc (GORV)

History and Background

Lazydays Holdings Inc. was founded in 1976 as a single RV dealership in Seffner, Florida. It has grown through acquisitions and expansions to become a national RV retailer.

Core Business Areas

• RV Sales: New and used RV sales, including motorhomes, travel trailers, fifth wheels, and other recreational vehicles.
• Service and Parts: RV maintenance, repair services, parts and accessories sales.
• Finance and Insurance: Assistance with financing and insurance products for RV purchases.

Leadership and Structure

The leadership team includes John North (CEO) and Kelly Porter (CFO). The company has a traditional corporate structure with a board of directors overseeing operations.

Key Offerings

• New RV Sales: Sales of new RVs from various manufacturers. Market share data is variable; estimates indicate Lazydays is one of the larger national players but does not dominate with an overwhelming share. Competitors include Camping World (CWH), and independent regional dealerships. Revenue is significant, contributing a large portion of overall revenue.
• Used RV Sales: Sales of pre-owned RVs. The used RV market is highly fragmented. Competitors include Camping World and private sellers.
• Service and Parts: Provides ongoing revenue and high margins. Competitors include Camping World and independent repair shops.

Industry Overview

The RV industry is influenced by economic conditions, consumer confidence, and fuel prices. It is a cyclical industry.

Positioning

Lazydays positions itself as a premium RV retailer with a focus on customer experience and a wide selection of RVs. Competitive advantages include its national brand recognition and large dealership footprint.

Total Addressable Market (TAM)

The RV market is estimated to be tens of billions of dollars annually. Lazydays is positioned to capture a share of this TAM through its various sales and service channels.

Key Competitors

• CWH

Competitive Landscape

Lazydays competes with other national and regional RV retailers, as well as online marketplaces. Camping World is a major competitor. Lazydays' advantages include its brand recognition and customer service reputation, but Camping World has a larger market share.

Historical Growth: Lazydays has grown through acquisitions and organic expansion.

Future Projections: Future growth is projected to come from expanding its dealership network, increasing online sales, and growing its service and parts business. Analyst estimates vary depending on market conditions.

Recent Initiatives: Recent initiatives include acquiring new dealerships and expanding its online presence.

Lazydays is a national RV retailer with a solid brand and growing dealership network. Its performance is tied closely to the health of the economy and consumer confidence. The company's growth strategy is reliant on acquisitions, but online sales and service growth also provides avenues. Managing its debt and inventory effectively will be important to succeed.

• CWH
• THO
• WGO

Data Sources:

• Company Filings
• Industry Reports
• Analyst Estimates
• Company Website

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and subject to change. Financial data is illustrative and not real-time.