CWH
Camping World Holdings, Inc.
CWH offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EBAY
eBay Inc.
EBAY has the edge over CWH overall, supported by stronger fundamentals and lower modeled downside.
CWH Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Stable | |
| Weak |
CWH's cash flow is currently stable, but its revenue, profitability and balance sheet are under pressure.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
CWH PE Valuation
CWH has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 37x next year's earnings.
EBAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $31.50 | -74% |
| Fair | 16x | $71.96 | -40% |
| Forward | 18x | $120 | — |
| Expensive | 22x | $99.04 | -18% |
| Current | 26x | $120 | — |
Historical ranges are pointers, not guarantees.
EBAY's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
CWH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Decline | |
| Weakening | |
| Limited | |
| Low |
Analysts expect CWH to return to profit, with revenue declining. However, they disagree widely on these estimates.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
EBAY has the edge over CWH on the outlook, with more favorable revenue and profitability expectations.
CWH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.12 | — |
| Q3 2026 | -$4.00 | -$3.07 |
| Q2 2026 | -$1.55 | -$1.35 |
| Q1 2026 | -$1.49 | -$1.03 |
| Q4 2025 | -$1.44 | -$0.68 |
| Q3 2025 | -$0.93 | -$0.24 |
| Q2 2025 | -$0.20 | +$0.26 |
| Q1 2025 | -$0.46 | -$0.42 |
| Q4 2024 | -$0.76 | -246% |
CWH lost $4.00 per share over the past year, and its loss has widened in each of the last five quarters.
EBAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.63 | +45% |
| Q3 2026 | $4.57 | +0.4% |
| Q2 2026 | $4.82 | +7.3% |
| Q1 2026 | $4.40 | +6% |
| Q4 2025 | $4.34 | +10% |
| Q3 2025 | $4.55 | +15% |
| Q2 2025 | $4.49 | -12% |
| Q1 2025 | $4.15 | -17% |
| Q4 2024 | $3.94 | -24% |
EBAY has the edge over CWH on earnings quality, reporting a profit while its opponent remains loss making.
CWH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | -12% |
| Q2 2026 | $1.9B | -2.1% |
| Q1 2026 | $1.4B | -4.2% |
| Q4 2025 | $1.2B | -2.6% |
| Q3 2025 | $1.8B | +4.7% |
| Q2 2025 | $2B | +9.4% |
| Q1 2025 | $1.4B | +3.6% |
| Q4 2024 | $1.2B | +8.6% |
CWH's revenue has slid since its 2022 peak: $1.6B last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | -22 points |
| Q2 2026 | 5.3% | -1.3 points |
| Q1 2026 | 1.6% | +0.2 points |
| Q4 2025 | -4.5% | -3.2 points |
| Q3 2025 | 4.4% | +0.6 points |
| Q2 2025 | 6.6% | +1.3 points |
| Q1 2025 | 1.5% | +1.2 points |
| Q4 2024 | -1.3% | -0.2 points |
CWH's operating margin was −17% last quarter, down 22 points from the same quarter a year ago, near the bottom of its range since 2019.
EBAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +14% |
| Q2 2026 | $3.1B | +15% |
| Q1 2026 | $3.1B | +19% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.8B | +9.5% |
| Q2 2025 | $2.7B | +6.1% |
| Q1 2025 | $2.6B | +1.1% |
| Q4 2024 | $2.6B | +0.7% |
EBAY has the edge over CWH on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.2 points |
| Q2 2026 | 22% | +3.8 points |
| Q1 2026 | 20% | -4 points |
| Q4 2025 | 20% | -0.8 points |
| Q3 2025 | 20% | -2.7 points |
| Q2 2025 | 18% | -3.6 points |
| Q1 2025 | 24% | -0.9 points |
| Q4 2024 | 21% | +5.1 points |
EBAY has the edge over CWH on profitability, with a higher operating margin.
CWH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $154.8M | +182% |
| Q2 2026 | $369.2M | +168% |
| Q1 2026 | -$101.6M | +$203M |
| Q4 2025 | -$272.5M | -$78.1M |
| Q3 2025 | $54.9M | -82% |
| Q2 2025 | $137.9M | +6.3% |
| Q1 2025 | -$304.6M | -$209.3M |
| Q4 2024 | -$194.4M | +$76.6M |
CWH's free cash flow has turned positive after four years mostly in the red: $150M over the past year.
EBAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $749M | -6.7% |
| Q2 2026 | $300M | +$741M |
| Q1 2026 | $897M | +39% |
| Q4 2025 | $466M | -17% |
| Q3 2025 | $803M | +24% |
| Q2 2025 | -$441M | -259% |
| Q1 2025 | $644M | +36% |
| Q4 2024 | $560M | +$564M |
EBAY generated $2.4B in free cash flow over the past year, up 54% from the year before.
CWH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +61% | +39.2M shares |
| 1 year | +65% | +40.6M shares |
| 3 years | +21% | +18.2M shares |
| 5 years | +120% | +56.3M shares |
| Available history | +177% | +66M shares |
CWH has 103M diluted shares, up 65% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $2.4M |
EBAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -2M shares |
| 1 year | -3% | -14M shares |
| 3 years | -15% | -79M shares |
| 5 years | -31% | -205M shares |
| Available history | -44% | -359M shares |
EBAY has the edge over CWH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $664M |
| Q2 2026 | $323M |
| Q1 2026 | $486M |
| Q4 2025 | $635M |
| Q3 2025 | $626M |
| Q2 2025 | $624M |
| Q1 2025 | $615M |
| Q4 2024 | $911M |
EBAY spent $2.1B buying back its own shares over the past year, down 24% from the year before.
CWH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 7.2x | High |
| Q1 2026 | 7.4x | High |
| Q4 2025 | 7.4x | High |
| Q3 2025 | 6.2x | High |
| Q2 2025 | 12.3x | High |
| Q1 2025 | 14.2x | High |
| Q4 2024 | 13.5x | High |
| Q3 2024 | 14.2x | High |
CWH's net debt is about 7.2 years of its operating earnings (EBITDA), down from 12 years a year ago.
EBAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.9x | Healthy |
EBAY has the edge over CWH on leverage, with a lower net debt burden relative to earnings.
CWH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 21.9 | Neutral |
CWH's weekly RSI is 35 (neutral) and its Stochastic is 22 (neutral).
EBAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 80.0 | Overbought |
EBAY's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
CWH PE vs Consumer Cyclical Sector
| Metric | CWH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CWH has no meaningful PE right now: it lost money over the past year.
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY is trading at 26x earnings, a 46% premium to the Consumer Cyclical sector's median of 18x.
CWH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.70 | 7.7% below |
| 20 week MA | $5.68 | 24% below |
| 50 week MA | $7.71 | 44% below |
| 100 week MA | $12.3 | 65% below |
| 200 week MA | $17.9 | 76% below |
CWH is in a downtrend: it's below all five of its weekly moving averages, and 76% below its 200-week average.
EBAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.5 | 3.1% above |
| 20 week MA | $112.4 | 6.9% above |
| 50 week MA | $102.6 | 17% above |
| 100 week MA | $89.8 | 34% above |
| 200 week MA | $69.5 | 73% above |
EBAY has the edge over CWH on trend strength, trading above more of its moving averages.
CWH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.5 | $29.2 | +101% |
| 2021 | $29.2 | $39.6 | +36% |
| 2022 | $39.6 | $22.1 | -44% |
| 2023 | $22.1 | $26.3 | +19% |
| 2024 | $26.3 | $20.8 | -21% |
| 2025 | $20.8 | $10.2 | -51% |
| 2026 YTD | $10.2 | $4.34 | -57% |
CWH's yearly returns have swung widely, from +101% in 2020 to −51% in 2025. It's down 57% so far in 2026.
EBAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $50.1 | +39% |
| 2021 | $50.1 | $64.9 | +29% |
| 2022 | $64.9 | $40.2 | -38% |
| 2023 | $40.2 | $43.6 | +8.6% |
| 2024 | $43.6 | $62.8 | +44% |
| 2025 | $62.8 | $85.2 | +36% |
| 2026 YTD | $85.2 | $120.1 | +41% |
EBAY has the edge over CWH on returns for 2026, with the stronger performance.