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Tag: Lazydays Holdings

  • Insider Buying Spree Drove Up Lazydays (LAZY) Stock

    Insider Buying Spree Drove Up Lazydays (LAZY) Stock

    Shares of Lazydays Holdings, Inc. (NASDAQ: LAZY) experienced a noteworthy ascent of 12.19%, concluding the Wednesday trading session at $7.18. This surge was catalyzed by the disclosure of insider activities carried out earlier in the week.

    Coliseum Capital Management, holding a 10% stake in Lazydays (LAZY), acquired a total of 232,373 shares. These transactions, executed in three installments from Monday to Wednesday, saw the 10% owner secure LAZY shares at an average price of $6.4033 per share. The firm invested a substantial sum of $1,511,032 in LAZY, augmenting its stake in the company.

    In a recent strategic move, Lazydays successfully acquired Orangewood RV Center, an RV dealership situated in Surprise, Arizona. The establishment has been rebranded as “Lazydays RV of Phoenix at Arrowhead,” marking the 24th addition to its expansive nationwide network and fortifying its foothold in the Western region. LAZY anticipates estimated annualized revenue of $40 million from the new store.

    Notably, in 2023 alone, Lazydays has completed five acquisitions and established three greenfield locations, collectively anticipated to yield over $300 million in annualized revenue. The location will persist in offering a premium selection of new inventory from renowned brands such as Grand Design, Keystone, KZ, and Starcraft.

    Through the acquisition of Orangewood RV and its proficient team, LAZY was aiming enhancing the accessibility, variety, and top-tier RV choices available to its esteemed clientele in Arizona.

    Furthermore, Lazydays recently entered into an exclusive national partnership with Bowlus, a global leader in high-performance luxury recreational vehicles. This strategic inclusion of Bowlus in its product portfolio solidifies Lazydays’ standing as the most comprehensive luxury dealership in the RV industry.

    By extending their reach to five additional locations, Bowlus ensures an unparalleled white-glove sales and service experience for its luxury products. Each of the five Bowlus locations has been specifically crafted to provide an exclusive sales and service experience at every Lazydays campus.

    These facilities will showcase the complete range of Bowlus RVs, including the Terra Firma and Volterra, with the Heritage set to join in late 2024. This groundbreaking partnership is a first in the industry, designating Lazydays as the exclusive nationwide dealer of Bowlus RVs, with plans for further expansion in 2024.

  • Why Lazydays Holdings Inc. (LAZY) stock pop up in the after-hours on Tuesday?

    Lazydays Holdings Inc. (LAZY) shares surged 7.53% in after-hours on Tuesday, July 6, 2021, and closed the day at $20.99 per share.  Earlier in the morning session, LAZY’s stock lost 2.89% to close Tuesday’s session at $19.52. LAZY shares have risen 124.63% over the last 12 months, and they have moved down 18.33% in the past week. Over the past three months, the stock has gained 5.40%, while over the past six months, it has declined 19.17%.

    Intention to acquire Burlington RV Superstore

    On June 14, 2021, Lazydays Holdings, Inc signed a letter of intent to acquire Burlington RV Superstore which is located in Sturtevant, Wisconsin, and is strategically located between the Milwaukee and Chicago markets. Burlington RV offers a wide selection of outstanding RV brands including Newmar, Grand Design, Thor, Forest River, Jayco, and Coachmen. The acquisition is expected to be finalized within 90 days.

    Inauguration on Russell 3000 Index

    Lazydays Holdings, Inc joined the broad-market Russell 3000® Index after the 2021 Russell indexes annual reconstitution, effective after the US market opened on June 28, according to a preliminary list of additions posted on June 4.

    Nasdaq Notice on Late Filing of its Form 10-Q

    On  May 25, 2021, Lazydays Holdings, Inc received a notice from The Nasdaq Stock Market notifying the Company that, because it failed to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2021, with the Securities and Exchange Commission, the Company is no longer in compliance with the periodic filing requirements for continued listing outlined in Nasdaq Listing Rule 5250(c)(1).

    Recent financial results announcement

    On May 26, 2021, Lazydays Holdings, Inc announced its financial results for the first quarter of 2021 which ended on March 31, 2021.

    Q1 2021 financial highlights

    • Lazydays Holdings earned a revenue of $270,993 thousand in Q1 2021 compared to $190,854 in Q1 2020.
    • Selling, general and administrative expenses were $37,723 thousand for Q1 2021 compared to $31,118 for Q1 2020.
    • Net income for Q1 2021 was $8,844 compared to $3,399 for Q1 2020.
    • Basic EPS was $0.54 and diluted EPS was $0.32 in Q1 2021 compared to $0.12 EPS for both basic and diluted shares in Q1 2020.

    Intention to acquire BYRV, Inc. and BYRV Washington

    On May 12, 2021, Lazydays Holdings, Inc signed a letter of intent to acquire BYRV, Inc. and BYRV Washington, Inc. (collectively B. Young RV). B. Young RV has two dealerships strategically located in Portland, Oregon, and Vancouver, Washington. B. Young RV has a large presence in the rapidly growing Oregon and Washington markets offering a wide selection of outstanding RV brands including Tiffin, Newmar, Grand Design, Thor, and Forest River. The acquisition of B. Young RV is expected to be finalized within 90 days.

    Conclusion

    Well, as of this writing, there is no recent news or development which could be the reason behind its mixed performance on Tuesday. We are unsure how LAZY stock will perform in the coming days.