MarineMax (NYSE:HZO) Issues Quarterly Earnings Results

MarineMax (NYSE:HZO) posted its quarterly earnings results on Thursday. The specialty retailer reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09), FiscalAI reports. MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. The company had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. During the same period in the prior year, the company posted $0.17 EPS. MarineMax’s quarterly revenue was up 7.8% on a year-over-year basis.

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

• Delivered nearly 11% same-store sales growth in Q1 driven by higher average unit selling prices and strong demand for premium/larger products (led by a strong Fort Lauderdale show).
• Retail boat gross margins are under significant pressure—roughly 400 basis points below normal—and management expects margin weakness to persist through fiscal Q2 with only modest recovery in the back half.
• Reduced inventory by nearly $170 million year-over-year, is targeting inventory turns above 2x, and finished the quarter with a strong liquidity position (~$165 million cash) and net debt just over 2x Adjusted EBITDA.
• Reaffirmed fiscal 2026 guidance of Adjusted EBITDA $110–$125 million and adjusted EPS $0.40–$0.95, assuming industry units flat to slightly up and same-store sales flat to slightly positive.

MarineMax Trading Up 10.0%

NYSE:HZO opened at $27.12 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.32. MarineMax has a fifty-two week low of $16.85 and a fifty-two week high of $31.51. The stock’s 50-day moving average is $25.64 and its two-hundred day moving average is $25.27. The stock has a market cap of $597.34 million, a PE ratio of -10.12 and a beta of 1.65.

Institutional Trading of MarineMax

Institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd increased its position in MarineMax by 80.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 105,544 shares of the specialty retailer’s stock worth $2,653,000 after purchasing an additional 47,162 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of MarineMax by 528.7% during the 2nd quarter. Jump Financial LLC now owns 81,977 shares of the specialty retailer’s stock valued at $2,061,000 after buying an additional 68,937 shares during the last quarter. Marshall Wace LLP grew its stake in shares of MarineMax by 230.5% in the 2nd quarter. Marshall Wace LLP now owns 31,400 shares of the specialty retailer’s stock valued at $789,000 after buying an additional 21,900 shares in the last quarter. Royal Bank of Canada increased its holdings in MarineMax by 6.9% in the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in MarineMax by 8.7% during the third quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock valued at $400,000 after acquiring an additional 1,261 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HZO shares. National Bankshares set a $35.00 target price on MarineMax in a research report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday. Loop Capital started coverage on shares of MarineMax in a report on Monday, December 22nd. They issued a “buy” rating and a $29.00 target price for the company. Finally, Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.80.

Trending Headlines about MarineMax

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Revenue and same‑store sales beat expectations: Q1 revenue of $505.2M (same‑store sales up >10%) and a 31.8% gross margin point to resilient demand in the retail/boating cycle, supporting sales-driven upside. Business Wire: Q1 Results
• Positive Sentiment: Balance‑sheet improvement: inventories fell ~$167.3M year‑over‑year at quarter end, reducing working capital pressure and easing a key investor concern for cyclical retailers. Business Wire: Inventory Disclosure
• Positive Sentiment: Analyst support: B. Riley reaffirmed a Buy and raised its price target to $29 (from $27), signaling some analyst confidence that shares still have upside from current levels. The Fly: B. Riley Raises PT
• Neutral Sentiment: FY‑2026 guidance updated to EPS $0.40–$0.95 (consensus ~$0.72); the wide range increases earnings uncertainty and leaves investors focused on margin recovery and seasonal demand cadence. See the company presentation for details. Earnings Presentation
• Negative Sentiment: Earnings miss and reported loss: Q1 EPS was ($0.21) vs. an expected ($0.12), producing a net loss and negative margin despite the revenue beat — a key driver of near‑term share weakness. Zacks: Q1 Loss, Revenue Beat
• Negative Sentiment: Margin pressure from promotional activity: management highlighted promotional discounting that compressed margins this quarter; analysts and commentary flagged this as the main reason revenue strength failed to translate into profits. Seeking Alpha: Margin Pressure
• Negative Sentiment: Stock reaction and volatility: coverage and headlines about the earnings miss drove intraday selling and analyst commentary that explain recent share weakness despite the revenue beat. Yahoo Finance: Why HZO Is Falling

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.