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 |
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
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
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
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
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services company, today provided a preliminary update on Hurricane Helene. "Our foremost concern is for the safety and well-being of our team members, their families and the residents of the communities throughout the regions affected by this devastating storm," said Brett McGill, Chief Executive Officer and President of MarineMax. "Florida and the Southeast are two of MarineMax's largest markets. Damage and disruption to certain of our locations on the west coast of Florida has been significant, while the damage to other locations in the Southeast has been limited. We are working to fully assess the im
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services company, today announced that Steven English, President of the Company's IGY Marinas subsidiary (IGY), has been named Chief Executive Officer of IGY. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916220291/en/(Photo: Business Wire) "Steve's extensive international experience, proven industry leadership, and deep understanding of IGY's portfolio make him the ideal person to lead IGY into its next chapter of growth and innovation," stated Brett McGill, Chief Executive Officer and President of MarineMax. "Since joining IGY in 2007 he
Hired graduates can receive up to $10,000 in benefits ORLANDO, Fla., Sept. 3, 2024 /PRNewswire/ -- Marine Mechanics Institute announced today that MarineMax has joined the Tuition Reimbursement Program (TRIP). MarineMax is the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services. They have over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. As part of TRIP, MMI graduates who are hired by MarineMax can receive up to $10,000 in tuition reimbursement1. Senior Career Advisor
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
MarineMax, Inc. (NYSE:HZO) ("MarineMax" or the "Company"), the world's largest recreational boat, yacht and superyacht services company, today announced that it has entered into an asset exchange agreement with MasterCraft Boat Holdings, Inc. ("MasterCraft") under which MarineMax's Cruisers Yachts subsidiary will assume the rights to MasterCraft's Aviara brand of luxury dayboats. In addition to the Aviara brand and related intellectual property, MarineMax is receiving certain assets, including molds, tooling, and inventory. As part of the agreement, MarineMax will also administer the existing manufacturer warranties and market the brand. The agreement does not include any Aviara productio
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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
~ Posts March Quarter Revenue of $582.9 Million, Up 2% Year-over-Year ~ ~ Reports Comparable Same-Store Sales Growth of 2% ~ ~ Revises Fiscal 2024 Financial Guidance ~ ~ Hosts Earnings Conference Call at 10:00 a.m. ET Today ~ MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services company, today announced results for its second quarter ended March 31, 2024. Fiscal 2024 Second Quarter Summary March quarter revenue of $582.9 million Same-store sales increase of 2% Gross profit margin of 32.7% Net income of $1.6 million, or diluted EPS of $0.07; Adjusted diluted EPS1 of $0.18 Adjusted EBITDA1 of $29.6 million CEO & President
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its second quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, April 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
~ Acquisition Expected to be Accretive in First Full Year of Operations ~ MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services company, today announced that it has completed the acquisition of Williams Tenders USA, Inc. (Williams). Headquartered in Pompano Beach, Florida, Williams is a premier distributor and retailer for UK-based Williams Jet Tenders Ltd., the world's leading manufacturer of rigid inflatable jet tenders for the luxury yacht market. The acquisition is expected to be accretive in its first full year of operations. "The addition of Williams illustrates our strategic approach to growth, focused on the acquisition of high-quality
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