MarineMax Inc is a leading retailer of premium recreational boats and yacht services, providing a diverse range of boats including motorboats, sailboats, and yachts. The company operates through a network of retail locations across the United States, offering customers a comprehensive selection of marine-related products and services. MarineMax not only focuses on sales but also provides after-sales services such as maintenance, financing, and insurance, catering to the needs of boating enthusiasts. With a commitment to fostering a recreational boating lifestyle, MarineMax engages in various community and waterway conservation initiatives while promoting the joys of boating and water sports. Read More
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
MarineMax has gotten torched over the last six months - since October 2024, its stock price has dropped 40.9% to a new 52-week low of $17.84 per share. This might have investors contemplating their next move.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the automotive and marine retail stocks, including OneWater (NASDAQ:ONEW) and its peers.
MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht and superyacht services company, has completed the previously announced acquisition of Shelter Bay Marine (“Shelter Bay”), a full-service marina and storage facility in Marathon, Florida. The acquisition is expected to be accretive in the first full year of operations.
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Since August 2024, MarineMax has been in a holding pattern, floating around $28.74. The stock also fell short of the S&P 500’s 12.2% gain during that period.
MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has signed a definitive agreement to acquire Shelter Bay Marine (”Shelter Bay”), a full-service marina and storage facility in the heart of the Florida Keys. The acquisition is expected to close by the end of June 2025 and be accretive in the first full year of operations.
Shares of boat and marine products retailer MarineMax (NYSE:HZO)
jumped 18% in the afternoon session after the company reported strong fourth-quarter results, which blew past analysts' EBITDA and EPS expectations.
Boat and marine products retailer MarineMax (NYSE:HZO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 11.2% year on year to $468.5 million. Its non-GAAP profit of $0.17 per share was significantly above analysts’ consensus estimates.
MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht and superyacht services company, today announced results for its fiscal 2025 first quarter ended December 31, 2024.
