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.
