Camping World boosts stock buyback program, to value of more than 7% of market cap

Shares of Camping World Holdings Inc. /zigman2/quotes/210208311/composite CWH +0.52% rose 0.4% in premarket trading Monday after the recreational vehicle and related products retailer said it increased its stock repurchase program by $152.7 million. That means the company now has $200 million available to buy back stock, which represents 7.4% of the company's market capitalization of $2.71 billion as of Friday's close. The company extended the expiration of the buyback program to Dec. 31, 2025. The stock's gain comes in the face of a selloff in the broader market, as futures /zigman2/quotes/209948968/delayed ES00 +0.15% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.11% are down 0.5%.

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Camping World Holdings Inc. Cl A

US : U.S.: NYSE

$ 28.92

+0.15 +0.52%

Volume: 975,918

June 9, 2023 4:00p

P/E Ratio

12.84

Dividend Yield

8.64%

Market Cap

$2.43 billion

Rev. per Employee

$506,412

/zigman2/quotes/209948968/delayed

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E-Mini S&P 500 Future Continuous Contract

US : U.S.: CME

$ 4,304.75

+6.50 +0.15%

Volume: 2.09M

June 9, 2023 3:59p

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S&P 500 Index

US : S&P US

4,298.86

+4.93 +0.11%

Volume: 0.00

June 9, 2023 5:38p