MarineMax (NYSE:HZO) Announces Earnings Results

MarineMax (NYSE:HZO) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07, Zacks reports. The company had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. MarineMax had a positive return on equity of 1.13% and a negative net margin of 2.46%.The firm’s revenue was down 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. MarineMax updated its FY 2026 guidance to 0.400-0.950 EPS.

Here are the key takeaways from MarineMax’s conference call:

• Gross margin expanded 440 basis points to 34.4%, driven by growth in higher‑margin businesses (service & parts, F&I, brokerage, superyacht services and IGY) and increasing digital traction (Boatyard subscribers +47%).
• Revenue was down to $527 million with same‑store sales down ~15% and comparable units mid‑single‑digit lower; adjusted EBITDA fell to $23.9 million and adjusted EPS to $0.04, with March softness attributed partly to geopolitical uncertainty.
• Balance sheet and inventory position strengthened — $189 million in cash, inventories down about $130 million to $845 million, customer deposits up to ~$62 million, and net debt to adjusted EBITDA around 2x — giving management flexibility into the summer selling season.
• Management reaffirmed FY26 targets (adjusted EBITDA $110–$125M; adjusted EPS $0.40–$0.95) and expects flat same‑store sales and low‑30% consolidated gross margins, while noting ongoing macro and geopolitical downside risks.

MarineMax Stock Performance

Shares of HZO stock traded up $0.48 during mid-day trading on Thursday, reaching $29.77. The stock had a trading volume of 140,567 shares, compared to its average volume of 415,257. MarineMax has a one year low of $20.36 and a one year high of $32.00. The firm has a market cap of $655.77 million, a PE ratio of -11.05 and a beta of 1.65. The firm’s 50 day simple moving average is $27.85 and its 200 day simple moving average is $26.41. The company has a quick ratio of 0.29, a current ratio of 1.19 and a debt-to-equity ratio of 0.37.

MarineMax declared that its board has approved a stock repurchase plan on Wednesday, March 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

HZO has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. Benchmark reissued a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. Truist Financial set a $34.00 price objective on MarineMax in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research report on Tuesday. Finally, B. Riley Financial reissued a “buy” rating and set a $29.00 price objective (up from $27.00) on shares of MarineMax in a research report on Friday, January 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,996 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in MarineMax in the 1st quarter valued at $168,000. DRW Securities LLC bought a new stake in MarineMax in the 4th quarter valued at $218,000. Finally, AQR Capital Management LLC raised its stake in shares of MarineMax by 3.9% in the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 358 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.