Camping World Holdings, Inc. (NYSE: CWH) today announced that its Board of Directors has authorized an increase in the Company’s stock repurchase program for up to an additional $125.0 million of its Class A common stock, effective immediately.

The Board of Directors has authorized an increase in the Company’s stock repurchase program originally approved on October 30, 2020 for an additional $125.0 million of the Company’s Class A Common Stock, effective immediately, resulting in approximately $156,808,000 remaining available for such repurchases. During the six months ended June 30, 2021, the Company has repurchased approximately $45.5 million. The Board of Directors extended the expiration of the repurchase authorization to August 31, 2023.

“The approval of the increased stock repurchase program reflects the confidence our senior management team, Board of Directors, and I have in the Company’s future performance and ability to generate strong cash flow and create long term value,” said Marcus Lemonis, CEO and Chairman of Camping World.

Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the Company to acquire any particular amount of Class A common stock and the program may be extended, modified, suspended or discontinued at any time at the Board’s discretion. The Company expects to fund the repurchases using cash on hand.