Camping World Holdings Inc. (CWH) saw its shares plummet 19.82% in pre-market trading on Wednesday.

The sharp decline came after the recreational-vehicle dealer reported a wider-than-expected fourth-quarter loss and announced it would pause its regular cash dividend. The company reported a net loss of $67.3 million for the quarter, or $1.07 per share, compared with a loss of $31.6 million, or 56 cents per share, a year earlier. Analysts had expected a loss of 54 cents per share.

Camping World said its board decided to pause the dividend after reviewing expected tax distributions, reduced excess tax available following recent tax-law changes, and the company's focus on lowering net debt leverage. The company also implemented a corrective inventory-management plan expected to create gross-margin headwinds in the first half of the year.