Lazydays Hldgs (NASDAQ:GORV) Stock

Lazydays Hldgs

Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts. The company generates revenue by providing a full spectrum of RV products: New and pre-owned RV sales, RV parts and services, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities.

GORV

Earnings

News

Guidance

Lazydays Holdings reported Q4 revenue decline of 18.7%, missing analyst estimates. Gross margin decreased and company expects a loss in Q1.

Lazydays Holdings Eyes 2024 Recovery After Q4 Revenue Dip, Misses Expectations

Lazydays Holdings Inc

Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) announced today that its registration statement concerning its previously announced rights offering (the "Rights Offering") was declared effective by the Securities and Exchange Commission (the "SEC") on January 13, 2025.
As previously announced, under the terms of the Rights Offering, the Company will distribute, at no charge, to the holders (excluding clients of Alta Fundamental Advisers LLC and Coliseum Capital Management, LLC, who have waived their and their respective affiliates' rights to receive the Rights to the extent any of them are holders as of the Record Date) (such non-excluded holders, collectively, the "Holders") of its common stock, par value $0.0001 per share (the "Common Stock") and the Company's warrants to acquire Common Stock (the "Warrants") as of 5:00 p.m., New York City time, on January 13, 2025 (the "Record Date"), one non-transferable right (a "Right") for every share of Common Stock owned or issuable upon exercise or conversion of Warrants owned as of the Record Date. Each Right will entitle the Holder to purchase 1.27 shares of our Common Stock at the cash subscription price equal to $1.03 per whole share of Common Stock (the "Subscription Price").
Each Right consists of a basic subscription right (the "Basic Subscription Right") and an over-subscription right (the "Over-Subscription Right"). The Over-Subscription Right entitles a Holder who exercises all of its Basic Subscription Rights in full, and if other Holders do not, to be entitled to an Over-Subscription Right to purchase a portion of the unsubscribed shares at the Subscription Price, subject to the availability and pro rata allocation of Common Stock among persons exercising the Over-Subscription Right. If an insufficient number of shares is available to fully satisfy the Over-Subscription Right requests, the available shares of Common Stock will be allocated pro rata, after eliminating all fractional shares of Common Stock, among Holders who exercised their Over-Subscription Right based on the number of shares of Common Stock each Holder subscribed for under the Basic Subscription Right. Broadridge Corporate Issuer Solutions, LLC ("Broadridge"), the subscription and information agent for the Rights Offering, will return any excess payments, without interest or deduction, promptly after the expiration of the Rights Offering.
Assuming the Rights Offering is fully subscribed, the Company currently expects to receive aggregate net proceeds of approximately $23,639,500, after deducting estimated offering expenses, and the Company expects to issue 24,271,844 shares of Common Stock. As further described in the registration statement for the Rights Offering, the Company expects to use the proceeds from the Rights Offering for working capital and general corporate purposes, including repayment of indebtedness.

Offerings

Lazydays Announces Rights Offering Effective, Plans To Distribute 1 Right Per Share, Allowing Purchase Of 1.27 Shares At $1.03 Each; Expects Net $23.64M, Issuing 24.27M Shares For Working Capital And Repayment Of Debt

Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) announced that Jeff Needles has been appointed Chief Financial Officer ("CFO"), effective January 6, 2025. Mr. Needles, the former CFO of Warbird Marine Holdings, LLC, will oversee the Company's financial operations including finance, accounting, treasury, SEC reporting, and financial planning and analysis. Mr. Needles will report to Ron Fleming, Interim CEO of Lazydays.

Management

Lazydays Appoints Jeff Needles As CFO, Effective January 6, 2025

<h3>Gainers</h3>
<ul>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock increased by 29.9% to $0.15 during Wednesday's pre-market session. The market value of their outstanding shares is at $5.8 million. As per the news, the Q3 earnings report came out 4 days ago. </li>
<li>Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) shares rose 25.32% to $172.0. The market value of their outstanding shares is at $21.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) stock increased by 19.04% to $1.5. The market value of their outstanding shares is at $63.0 million. </li>
<li>Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) stock rose 15.53% to $1.04. The company's market cap stands at $14.7 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Hall Of Fame Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFV#NASDAQ">HOFV</a>) stock rose 12.96% to $0.96. The company's market cap stands at $6.2 million. </li>
<li>Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) stock rose 11.13% to $47.5. The market value of their outstanding shares is at $7.9 billion. The company's, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock declined by 17.0% to $3.27 during Wednesday's pre-market session. The market value of their outstanding shares is at $2.0 million. As per the press release, Q3 earnings came out 4 days ago. </li>
<li>Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) shares fell 13.94% to $1.05. The company's market cap stands at $25.5 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) stock declined by 8.39% to $0.52. The company's market cap stands at $12.8 million. The company's, Q2 earnings came out yesterday. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) shares declined by 5.91% to $2.55. The market value of their outstanding shares is at $5.5 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) shares decreased by 5.23% to $1.45. The market value of their outstanding shares is at $5.6 million. </li>
<li>NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares declined by 4.97% to $4.4. The market value of their outstanding shares is at $9.1 billion. As per the news, the Q3 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

WIIM

Lazyday Holdings shares are trading lower after the company reported worse-than-expected Q3 sales results

Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) reported quarterly sales of $213.47 million which missed the analyst consensus estimate of $238.05 million by 10.33 percent. This is a 23.95 percent decrease over sales of $280.68 million the same period last year.

Earnings Misses

Lazydays Hldgs Q3 Sales $213.47M Miss $238.05M Estimate

Lazydays shares are trading higher after reaching a deal to sell seven dealerships to Camping World for approximately $10 to $20 million.

Lazydays Holdings Agreed To Exchange All Outstanding Convertible Preferred Stock For Common Stock At $1.03 Per Share

Camping World To Acquire Seven Dealerships From Lazydays, Adding Nearly $200M In TTM Revenue; Transaction Valued Around Book Value With $10M-$20M Net Cash Outlay And Conversion To 9.7M Lazydays Shares

Trading Ideas

Lazydays Holdings Shares Resume Trade Then Again Halt On Circuit Breaker To The Downside, Stock Now up 70.7%

Lazydays Holdings Shares Halted On Circuit Breaker To The Upside, Stock Now Up 112%

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) today announced that Amber Dillard, Vice President of Operations has been promoted to Chief Operating Officer, reporting to Ron Fleming, Lazydays Interim CEO.

Lazydays Appoints Amber Dillard As Chief Operating Officer

Lazydays Holdings Announces Ronald Fleming Assumed Role Of Interim CEO And Joined Board On Sept. 14; John North Stepped Down On Sept. 13

Lazydays shares are trading lower on possible continued weakness after Truist Securities lowered its price target from $4 to $2 and CJS Securities downgraded the stock from Market Outperform to Market Perform yesterday.

CJS Securities analyst Daniel Moore downgrades Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) from Market Outperform to Market Perform.

Downgrades

Analyst Ratings

CJS Securities Downgrades Lazydays Hldgs to Market Perform

Truist Securities analyst Michael Swartz maintains Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) with a Hold and lowers the price target from $4 to $2.

Price Target

Truist Securities Maintains Hold on Lazydays Hldgs, Lowers Price Target to $2

Lazydays Holdings shares are trading lower following worse-than-expected Q2 financial results.

Lazydays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) reported quarterly losses of $(1.42) per share which missed the analyst consensus estimate of $(0.24) by 491.67 percent. This is a 1114.29 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $238.694 million which missed the analyst consensus estimate of $303.800 million by 21.43 percent. This is a 22.60 percent decrease over sales of $308.380 million the same period last year.

Lazydays Q2 2024 Adj. EPS $(1.42) Misses $(0.24) Estimate, Sales $238.694M Miss $303.800M Estimate

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following weak US data.

DeVincenzi succeeds&nbsp;Christopher Shackelton, Managing Partner of Coliseum Capital Management LLC, who has made the decision to step down as a director.&nbsp;Following these changes, the Board will be comprised of seven directors, six of whom are independent.

Lazydays Names Lead Independent Director And Former Interim-CEO Robert DeVincenzi As Chairman, Effective June 9, 2024; Christopher Shackelton To Step Down As A Director

Press Releases

LAZYDAYS REPORTS SECOND QUARTER 2024 RESULTS

LAZYDAYS HOLDINGS, INC. ANNOUNCES LEADERSHIP TRANSITION

LAZYDAYS APPOINTS AMBER DILLARD CHIEF OPERATING OFFICER

LAZYDAYS ANNOUNCES COMPREHENSIVE RECAPITALIZATION AND ASSET SALES RESULTING IN SIGNIFICANTLY STRENGTHENED BALANCE SHEET AND STREAMLINED OPERATIONAL FOOTPRINT

LAZYDAYS ANNOUNCES SCHEDULE FOR THIRD QUARTER 2024 EARNINGS RELEASE, CONFERENCE CALL, AND SEC FORM 10-Q FILING

LAZYDAYS REPORTS THIRD QUARTER 2024 RESULTS

LAZYDAYS ANNOUNCES RECORD DATE FOR RIGHTS OFFERING

Lazydays Appoints Jeff Needles as Chief Financial Officer

LAZYDAYS HOLDINGS, INC. ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT AND COMMENCEMENT OF RIGHTS OFFERING

LAZYDAYS HOLDINGS, INC. ANNOUNCES CLOSING OF RIGHTS OFFERING

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