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.
MarineMax trades at $31.13 per share and has stayed right on track with the overall market, gaining 13.6% over the last six months. At the same time, the S&P 500 has returned 13%.
Boat and marine products retailer MarineMax (NYSE:HZO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 5.3% year on year to $563.1 million. Its non-GAAP profit of $0.24 per share was also 15.7% below analysts’ consensus estimates.
MarineMax shares surged as OneWater Marine reportedly in acquisition talks with a $40 per share all-cash offer. An official announcement is expected soon, although the deal is not yet finalized.
