A Brief History of Lazydays Holdings, Inc. (LAZY)
Corporate Origins
Lazydays Holdings, Inc., founded in 1976, began as a small trailer dealership in Florida. Over the decades, it expanded its offerings to include rental services, service, and parts sales for recreational vehicles (RVs).
Initial Public Offering
The company went public on June 20, 2018, under the ticker symbol LAZY. The IPO price was set at $5.00 per share. The offering raised approximately $8 million.
Financial Performance
As of Q2 2023, Lazydays reported the following financial metrics:
| Metric | Q2 2023 | Q2 2022 |
|---|---|---|
| Revenue | $92.3 million | $84.5 million |
| Net Income | $3.5 million | $2.7 million |
| Gross Margin | 18.5% | 17.0% |
| Operating Income | $6.8 million | $5.3 million |
Acquisition Strategy
In its growth strategy, Lazydays has pursued several acquisitions:
- In 2021, acquired Blue Dog RV, which expanded its footprint in the western United States.
- In 2022, purchased Camping World Holdings locations, strengthening its market presence.
Market Position
Lazydays is now one of the largest retailers of RVs in the United States, operating 7 dealerships across Florida, Colorado, and California, as of 2023.
Employee Statistics
The company employs approximately 800 individuals across its locations. As of 2023, employee growth has increased by 15% year-over-year.
Current Stock Performance
As of October 2023, the stock price of Lazydays Holdings is approximately $9.75, reflecting an increase from its initial IPO price.
Challenges and Opportunities
The RV industry has faced challenges, including supply chain issues and fluctuating demand. However, the market saw a surge in interest during the pandemic, providing opportunities for growth.
Community Engagement
Lazydays is heavily involved in community outreach, contributing over $1 million in donations to various charitable organizations since 2020.
Future Outlook
The company aims for continued expansion and innovation within the RV market, focusing on both retail and rental segments. Estimates suggest an annual growth rate of approximately 10% through 2025.
A Who Owns Lazydays Holdings, Inc. (LAZY)
Ownership Structure
The ownership structure of Lazydays Holdings, Inc. is characterized by a combination of institutional investors, insiders, and retail shareholders. As of the latest filings, the following ownership percentages are noted:
| Ownership Type | Percentage Owned | Number of Shares |
|---|---|---|
| Institutional Investors | 45.2% | 2,000,000 |
| Insider Ownership | 20.3% | 900,000 |
| Retail Investors | 34.5% | 1,600,000 |
Major Shareholders
The significant shareholders of Lazydays Holdings, Inc. include:
| Shareholder Name | Ownership (% of Total) | Number of Shares Held |
|---|---|---|
| BlackRock, Inc. | 12.7% | 570,000 |
| Vanguard Group, Inc. | 10.5% | 470,000 |
| David R. Kelly (CEO) | 8.9% | 400,000 |
| State Street Corporation | 6.8% | 300,000 |
| Directors and Executives | 20.3% | 900,000 |
Recent Changes and Trends in Ownership
Recent SEC filings indicate the following trends regarding ownership changes:
- Institutional ownership increased by 5% in the last fiscal year.
- Insider ownership has remained stable, with no significant changes reported.
- Retail investor participation has grown, reflecting a broader interest in the company.
Financial Performance and Market Capitalization
Lazydays Holdings, Inc. has seen varied financial performance which can impact ownership dynamics. The financial metrics as of Q3 2023 are as follows:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $150 million |
| Revenue (Last 12 Months) | $120 million |
| Earnings Before Interest and Taxes (EBIT) | $15 million |
| Net Income | $10 million |
Future Outlook
Analysts project that Lazydays Holdings, Inc. will continue to attract both institutional and retail investors due to its growth potential in the RV industry:
- Projected revenue growth of 10% annually over the next three years.
- Anticipated expansion in market presence with new location openings.
- Investment in digital marketing strategies to boost sales and visibility.
Lazydays Holdings, Inc. (LAZY) Mission Statement
Company Overview
Lazydays Holdings, Inc. is a leading retailer of recreational vehicles (RVs) and provides related services. The company operates several dealerships across the United States, emphasizing a unique customer experience.
Mission Statement
The mission statement of Lazydays Holdings, Inc. is to provide the best customer experience in the recreational vehicle industry by delivering high-quality products, comprehensive services, and fostering lifelong relationships with customers.
Core Values
- Customer Satisfaction: Ensuring every customer leaves with a positive experience.
- Integrity: Conducting business honestly and ethically.
- Innovation: Embracing change and pursuing new ideas in the RV market.
- Community Engagement: Supporting local communities through various initiatives.
Financial Performance
As of the latest fiscal year, Lazydays Holdings, Inc. reported the following financial data:
| Year | Total Revenue | Net Income | Market Capitalization | EBITDA |
|---|---|---|---|---|
| 2022 | $285 million | $10 million | $150 million | $20 million |
| 2021 | $240 million | $8 million | $130 million | $18 million |
| 2020 | $200 million | $5 million | $90 million | $15 million |
Strategic Goals
- Expand dealership locations by 25% over the next five years.
- Increase online sales by leveraging e-commerce platforms.
- Enhance customer service training programs to improve satisfaction scores.
- Develop partnerships with RV manufacturers to offer exclusive models.
Customer Base
Lazydays Holdings, Inc. serves a diverse clientele, including:
- First-time RV buyers
- Seasoned RV enthusiasts
- Corporate clients seeking fleet options
- Travel enthusiasts
Community Involvement
The company actively participates in community projects, contributing to:
- Local charities
- Environmental sustainability initiatives
- Educational programs for youth
Conclusion
Through its mission statement and core values, Lazydays Holdings, Inc. aims to establish itself as a leader in the recreational vehicle industry, providing excellent service, fostering community ties, and delivering value to its customers.
How Lazydays Holdings, Inc. (LAZY) Works
Company Overview
Lazydays Holdings, Inc., traded under the ticker symbol LAZY, is a publicly traded company primarily engaged in the sale of recreational vehicles (RVs), related products, and services. Founded in 1976, the company has established itself as a prominent player in the RV industry.
Business Model
The company generates revenue through multiple streams, including:
- Sale of new and used RVs
- Finance and insurance products
- Service and parts sales
- Ancillary products such as RV accessories
Financial Performance
As of the latest quarterly report for Q2 2023, Lazydays reported the following financial metrics:
| Metric | Value |
|---|---|
| Total Revenue | $134.6 million |
| Net Income | $6.2 million |
| Gross Margin | 21.3% |
| EBITDA | $10.4 million |
| Operating Expenses | $24.9 million |
| Current Assets | $63.1 million |
| Total Assets | $150.4 million |
| Total Liabilities | $80.2 million |
| Stockholders' Equity | $70.2 million |
Market Position
Lazydays Holdings operates numerous dealerships across the United States, making it one of the largest RV retailers in the nation. They have a strong presence in states like:
- Florida
- Colorado
- Arizona
- Tennessee
Customer Demographics
The company's target demographic includes:
- Families seeking recreational opportunities
- Retirement-age individuals looking for travel options
- Outdoor enthusiasts
Recent Developments
In July 2023, Lazydays announced the acquisition of a new dealership in Texas, which is expected to increase their market share significantly in the southwestern U.S. The company also launched a new online platform for customers to browse inventory and complete purchases digitally.
Stock Performance
As of October 2023, the stock performance of Lazydays Holdings has seen fluctuations:
| Date | Stock Price | Market Cap |
|---|---|---|
| October 1, 2023 | $7.50 | $150 million |
| October 15, 2023 | $8.00 | $160 million |
| October 31, 2023 | $7.75 | $155 million |
Strategic Initiatives
The company is focusing on enhancing its digital presence and improving customer service experience through:
- Investment in technology
- Enhanced online sales platforms
- Augmented customer support services
Future Outlook
Analysts project steady growth for Lazydays Holdings, with estimated revenue growth of 10% in the fiscal year 2024, driven by increased consumer interest in outdoor recreational activities and RV travel.
How Lazydays Holdings, Inc. (LAZY) Makes Money
Revenue Streams
Lazydays Holdings, Inc. primarily generates revenue through the following segments:
- Sales of Recreational Vehicles (RVs)
- Parts and Accessories Sales
- Service Revenue
- Insurance and Financing Services
Sales of Recreational Vehicles (RVs)
The largest portion of income for Lazydays comes from the direct sale of RVs. In the fiscal year 2022, Lazydays reported RV sales amounting to approximately $358 million. This segment has been a significant driver of overall revenue growth.
Parts and Accessories Sales
In addition to RV sales, Lazydays also earns income from selling parts and accessories. For FY 2022, parts and accessories sales totaled around $41 million, reflecting the demand for ongoing RV maintenance and upgrades.
| Year | RV Sales ($ Million) | Parts & Accessories Sales ($ Million) | Total Revenue ($ Million) |
|---|---|---|---|
| 2020 | 277 | 24 | 301 |
| 2021 | 340 | 35 | 375 |
| 2022 | 358 | 41 | 399 |
Service Revenue
Lazydays also provides service operations such as repair and maintenance for the RVs they sell. This segment reported service revenue of about $34 million in FY 2022.
Insurance and Financing Services
The company also offers financial services that include insurance products for RV purchases and financing options. This segment generated approximately $23 million in revenue for the same fiscal year.
Operational Costs and Profit Margins
In FY 2022, Lazydays Holdings, Inc. incurred operational costs of $290 million, resulting in a gross profit margin of about 27.3%.
Market Position and Growth
Lazydays Holdings operates several dealerships across the United States, with a focus on expanding their market presence. As of 2023, they have approximately 7 dealerships, creating a strong platform for their revenue-generating activities.
Recent Financial Performance
In Q2 2023, Lazydays reported revenues of $110 million, marking an increase of 12% year-over-year. The company also noted a net income of $9 million during this quarter.
Customer Demographics
Lazydays primarily targets middle to upper-middle-class families and retirees, with a growing interest in outdoor and recreational activities. The average customer spends around $100,000 on RV purchases, contributing to the company's financial success.
Future Outlook
Analysts predict a steady growth rate for Lazydays Holdings, with expectations for revenues to reach $450 million by FY 2025, driven by increasing interest in RV travel and leisure.
Lazydays Holdings, Inc. (LAZY) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support