MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, boats, and sport cruisers; mega-yachts, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats. It also provides marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company offers novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts. Further, it provides new or used boat finance services; and arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage. Additionally, the company operates vacations in Tortola, British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. The company has 77 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Illinois, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. MarineMax, Inc. was founded in 1998 and is based in Clearwater, Florida.
IPO Year: 1998
Exchange: NYSE
Website: marinemax.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | $40.00 | Buy | The Benchmark Company |
| 9/9/2024 | $40.00 → $44.00 | Neutral → Buy | Citigroup |
| 10/23/2023 | $43.00 | Neutral → Buy | B. Riley Securities |
| 7/28/2023 | $48.00 → $43.00 | Buy → Neutral | B. Riley Securities |
| 7/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 2/21/2023 | $53.00 → $52.00 | Neutral → Buy | B. Riley Securities |
| 12/15/2022 | $40.00 | Buy | Stifel |
| 6/21/2022 | $84.00 → $44.00 | Buy → Neutral | B. Riley Securities |
| 4/26/2022 | $48.00 | Buy | DA Davidson |
| 2/10/2022 | $52.00 | Neutral | Citigroup |
~ Record Second Quarter Revenue of $631.5 Million, Up 8.3% Year Over Year, Driven Primarily by Higher Boat Sales ~ ~ Second Quarter Net Income of $3.3 Million; Adjusted Net Income1 of $5.4 Million ~ ~ Second Quarter Adjusted EBITDA Increased to $30.9 Million ~ ~ Second Quarter Gross Margin of 30.0%; YTD Gross Margin of 32.7% ~ ~ Second Quarter Same-Store Sales Increase of 11% ~ ~ Company Updates Fiscal 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company"), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced results for its fiscal 2025 second q
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, plans to release its second quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Thursday, April 24, 2025. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will
~ December Quarter Revenue of $468.5 Million, Reflecting Challenged Retail Market Environment and Hurricane Impacts ~ ~ December Quarter Net Income of $18.1 Million and Adjusted Net Income of $4.1 Million ~ ~ Gross Margin of 36.2%, Up 290 Basis Points YoY, Offsetting Revenue Decline and Resulting in Nearly Flat Adjusted EBITDA ~ ~ Same-Store Sales Decrease of 11% YoY~ ~ Company Reaffirms FY 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ 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. Fis
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its first quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Thursday, January 23, 2025. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will be archived on the website
Today, Island Capital Group released a fourth letter to shareholders of MarineMax (NYSE:HZO) outlining several key areas where the company is falling short. The full text of the letter follows: December 4, 2024 Dear MarineMax Shareholders, I am dismayed to report that following MarineMax, Inc.'s (NYSE:HZO) ("MarineMax" or the "Company") 2024 fiscal year-end conference call held on Halloween, shareholders were rewarded with more tricks than treats. The fiscal 2024 results and 2025 guidance presented by management during its conference call were beyond disappointing. On October 26, 2023, management provided fiscal 2024 Adjusted EBITDA guidance at a midpoint of $238 million but ultimatel
~ September Quarter Revenue of $563.1 Million, Down 5% Year-over-Year, Reflecting Impact of Hurricane Helene ~ ~ September Quarter Gross Margin of 34.3% Illustrating Strong Contributions from Higher-Margin Businesses ~ ~ Annual Same-Store Sales Growth of 1% Despite Challenging Industry Retail Environment ~ ~ Company Provides FY 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ 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 2024 fourth quarter and full year ended September 30, 2024. Fiscal 2024 Fourth Quarter Summary September quarter reve
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its fourth quarter and full year fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, October 31, 2024. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will be archived
~ Posts June Quarter Revenue of $757.7 Million, Up 5% Year-over-Year ~ ~ Gross Margin of 32.0% Highlights Successful Strategy of Expansion into Higher-Margin Businesses ~ ~ Reports Comparable Same-Store Sales Growth of 4% ~ ~ Reaffirms Fiscal 2024 Financial Guidance ~ ~ Hosts Earnings Conference Call at 10:00 a.m. ET Today ~ 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 2024 third quarter ended June 30, 2024. Fiscal 2024 Third Quarter Summary June quarter revenue of $757.7 million Same-store sales increase of 4% Gross profit margin of 32.0%
Today, Island Capital Group LLC issued a third letter to the shareholders of MarineMax, Inc. (NYSE:HZO). The full text of the letter follows: July 24, 2024 Dear MarineMax Shareholders, I was gratified to read that MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company") publicly acknowledged that it had spoken with us several times. That is a correct statement. Unfortunately, however, none of our proposals, every one of which was materially accretive to shareholders, was met with any constructive response. There was no preparedness from management or the board to enter into a meaningful dialogue. It is clear that the pecuniary interests of management and the board are not aligned w
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its third quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, July 25, 2024. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will be archived on the website fo
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced it has been Certified™ by Great Place To Work® for the second consecutive year. This recognition is based entirely on feedback from current team members, reflecting their experiences and perspectives on working at MarineMax. Great Place To Work® is the global authority on workplace culture, employee experience, and effective leadership behaviors that drive market-leading revenue, strong employee retention, and increased innovation. Each year, more than 10,000 companies across 60 countries apply for Great Place To Work Certification, which is
~ Record Second Quarter Revenue of $631.5 Million, Up 8.3% Year Over Year, Driven Primarily by Higher Boat Sales ~ ~ Second Quarter Net Income of $3.3 Million; Adjusted Net Income1 of $5.4 Million ~ ~ Second Quarter Adjusted EBITDA Increased to $30.9 Million ~ ~ Second Quarter Gross Margin of 30.0%; YTD Gross Margin of 32.7% ~ ~ Second Quarter Same-Store Sales Increase of 11% ~ ~ Company Updates Fiscal 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company"), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced results for its fiscal 2025 second q
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, plans to release its second quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Thursday, April 24, 2025. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will
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. "The acquisition of Shelter Bay Marine strategically expands our presence in the Middle Keys, strengthening our ability to serve boaters across the region," said Brett McGill, the Company's Chief Executive Officer and President. "We welcome Shelter Bay's experienced team to the MarineMax family as we continue to execute on
~ Builds Upon its Higher-Margin Business Strategy ~ 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. The marina, located in Marathon, Florida, provides unrestricted, direct ocean access with no bridge height limitations. It is capable of storing more than 175 boats, while offering comprehensive service and r
~ December Quarter Revenue of $468.5 Million, Reflecting Challenged Retail Market Environment and Hurricane Impacts ~ ~ December Quarter Net Income of $18.1 Million and Adjusted Net Income of $4.1 Million ~ ~ Gross Margin of 36.2%, Up 290 Basis Points YoY, Offsetting Revenue Decline and Resulting in Nearly Flat Adjusted EBITDA ~ ~ Same-Store Sales Decrease of 11% YoY~ ~ Company Reaffirms FY 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ 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. Fis
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its first quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Thursday, January 23, 2025. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary. To access the webcast, please visit the investor relations section of the Company's website: www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will be archived on the website
Levin Capital, a shareholder of MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company"), today issued the following statement. "We call on MarineMax's Board of Directors to initiate an immediate review of strategic alternatives. This includes an evaluation of the Company's marinas and traditional boat retail businesses, which appear to fit together but could unlock further hidden value if separated or monetized. The Board should disclose the best available information on revenues, operating profits, EBITDA and cashflow from its marina segments. We believe conducting a transparent review will allow MarineMax to maximize value for all shareholders." About Levin Capital Levin Capital Str
Today, Island Capital Group released a fourth letter to shareholders of MarineMax (NYSE:HZO) outlining several key areas where the company is falling short. The full text of the letter follows: December 4, 2024 Dear MarineMax Shareholders, I am dismayed to report that following MarineMax, Inc.'s (NYSE:HZO) ("MarineMax" or the "Company") 2024 fiscal year-end conference call held on Halloween, shareholders were rewarded with more tricks than treats. The fiscal 2024 results and 2025 guidance presented by management during its conference call were beyond disappointing. On October 26, 2023, management provided fiscal 2024 Adjusted EBITDA guidance at a midpoint of $238 million but ultimatel
~ September Quarter Revenue of $563.1 Million, Down 5% Year-over-Year, Reflecting Impact of Hurricane Helene ~ ~ September Quarter Gross Margin of 34.3% Illustrating Strong Contributions from Higher-Margin Businesses ~ ~ Annual Same-Store Sales Growth of 1% Despite Challenging Industry Retail Environment ~ ~ Company Provides FY 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ 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 2024 fourth quarter and full year ended September 30, 2024. Fiscal 2024 Fourth Quarter Summary September quarter reve
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Advances Ongoing Commitment to Refreshment and Strong Corporate Governance Biumi Brings More Than 40 Years of Senior Financial, Operational and Board Experience Hilliard M. Eure III Retires From the Board MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services Company, today announced the appointment of Bonnie S. Biumi to its Board of Directors, effective September 1, 2024. Ms. Biumi, 62, will also serve as chair of the Audit Committee, replacing Hilliard M. Eure III, who simultaneously will retire from the Board after 20 years of service. Ms. Biumi brings more than 40 years of public accounting and operational leadership experience across di
William H. McGill, Jr. to Retire as a Director and Executive Chairman Rebecca J. White, Ph.D. Named Chair of the Board Joseph A. Watters to Retire from Board of Directors MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company"), the world's largest recreational boat, yacht and superyacht services company, today announced that the Board of Directors has announced several changes as part of its continued commitment to strong governance. The Board has appointed Rebecca J. White, PhD, a director since 2018 and seasoned governance expert, as Chair of the Board, effective June 30, 2024. Dr. White's appointment follows William H. McGill Jr.'s planned retirement from his position as a dire
MONTREAL, QC / ACCESSWIRE / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, announced today the appointment of Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of MarineMax, Inc. (NYSE:HZO) to the Company's Board of Directors as an independent director. This appointment reinforces Vision Marine's leading role in marine technology innovation and underscores its commitment to strong corporate governance. "Anthony brings a wealth of knowledge and experience to the Vision Marine Board, having served in roles
~Shawn Berg and Kyle Langbehn~ MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, today announced the appointment of two key leaders as executive officers of MarineMax. The Company's Board of Directors appointed Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022, as the Company continues to execute its strategic growth plan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221011005447/en/Kyle Langbehn (Photo: Business Wire) Mr. Berg has served as Chief Digital Officer of MarineMax since April 2019, responsible for the Company's technology, marketing, and digital busine
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, today announced that Mercedes Romero has been appointed to its Board of Directors effective October 1, 2022. Mercedes Romero is the Global Chief Procurement Officer at Primo Water (NASDAQ:PRMW). She brings over 25 years of diverse experience across industries such as Consumer Packaged Goods (Procter & Gamble, Clorox), Spirits (Diageo, Campari), Pharmaceutical (Teva), Retail (Starbucks), and Transportation (Ryder). Romero has made meaningful contributions to the profitability of large organizations through the identification and implementation of operational efficiencies, strategic planning, and an innovat
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The Benchmark Company initiated coverage of MarineMax with a rating of Buy and set a new price target of $40.00
Citigroup upgraded MarineMax from Neutral to Buy and set a new price target of $44.00 from $40.00 previously
B. Riley Securities upgraded MarineMax from Neutral to Buy and set a new price target of $43.00
B. Riley Securities downgraded MarineMax from Buy to Neutral and set a new price target of $43.00 from $48.00 previously
Raymond James downgraded MarineMax from Outperform to Mkt Perform
B. Riley Securities upgraded MarineMax from Neutral to Buy and set a new price target of $52.00 from $53.00 previously
Stifel initiated coverage of MarineMax with a rating of Buy and set a new price target of $40.00
B. Riley Securities downgraded MarineMax from Buy to Neutral and set a new price target of $44.00 from $84.00 previously
DA Davidson initiated coverage of MarineMax with a rating of Buy and set a new price target of $48.00
Citigroup initiated coverage of MarineMax with a rating of Neutral and set a new price target of $52.00