Lazydays Holdings Inc (GORV)

History and Background

Lazydays Holdings, Inc. was founded in 1976 in Seffner, Florida. Initially focused on RV sales and service, it has grown through acquisitions and organic expansion to become a leading RV dealership network in the United States.

Core Business Areas

• RV Sales: New and used RV sales across a wide range of brands and types.
• RV Service and Maintenance: Comprehensive RV service and repair offerings, including maintenance contracts.
• RV Parts and Accessories: Retail sales of RV parts, accessories, and camping supplies.
• RV Finance and Insurance: Assistance with financing and insurance products for RV purchases.

Leadership and Structure

Lazydays Holdings Inc. has a management team led by its CEO and CFO. The organizational structure consists of various departments including sales, service, finance, and marketing.

Key Offerings

• New RV Sales: Sale of new RVs. Market share data specific to Lazydays is difficult to pinpoint precisely, as it fluctuates and is regionally dependent. Thor Industries (THO) and Winnebago Industries (WGO) are major RV manufacturers whose products Lazydays sells. Competitors include Camping World (CWH) and other regional dealerships.
• Used RV Sales: Sale of pre-owned RVs. The used RV market is highly fragmented. Competitors include private sellers and other dealerships.
• Service and Maintenance Agreements: Offers service and maintenance agreements which provide recurring revenues. Competition includes Camping World and local RV repair shops.

Industry Overview

The RV industry is cyclical, influenced by economic conditions and consumer confidence. Demand for RVs increased significantly during the COVID-19 pandemic but has cooled off more recently.

Positioning

Lazydays aims to be a premium RV dealership network, focusing on customer experience and offering a wide range of products and services. It has expanded its geographical footprint through acquisitions.

Total Addressable Market (TAM)

The North American RV market is estimated in the tens of billions of dollars annually. Lazydays is well-positioned to capture a larger share through its growing network and comprehensive service offerings.

Key Competitors

• CWH
• COLM
• GDRV

Competitive Landscape

Lazydays competes with national chains like Camping World and smaller regional dealerships. Its strengths include its brand recognition and focus on customer experience, while its weaknesses include its cyclical business model.

Bucars RV Centre

• Year: 2023
• Acquisition Price (USD millions): 85
• Strategic Rationale: Expanded Lazydays' presence into Canada and increased its geographic reach.

Historical Growth: Historical growth has been driven by acquisitions and organic expansion of its dealership network.

Future Projections: Future growth depends on factors such as RV demand, economic conditions, and successful integration of acquired dealerships. Analyst estimates can be found on financial data provider websites.

Recent Initiatives: Recent initiatives include acquiring new dealerships and expanding its service offerings.

Lazydays Holdings Inc. operates in a cyclical industry, with recent acquisitions fueling growth and a focus on customer service. Its strengths lie in its brand and growing network, while economic downturns pose a threat. The company has a substantial total addressable market. It needs to monitor macroeconomic trends and competitor strategies to maintain its competitive edge.

Data Sources:

• Company filings
• Market research reports
• Financial news sources

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market data is based on publicly available information and estimates, and may not be precise.