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MarineMax Inc (HZO)

Upturn stock ratingUpturn stock rating
$26.12
Last Close (24-hour delay)
Profit since last BUY3.32%
upturn advisory
Consider higher Upturn Star rating
BUY since 12 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/27/2025: HZO (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

8 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $32.33

1 Year Target Price $32.33

Analysts Price Target For last 52 week
$32.33Target price
Low$16.85
Current$26.12
high$38.2

Analysis of Past Performance

Type Stock
Historic Profit -21.94%
Avg. Invested days 30
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 539.84M USD
Price to earnings Ratio 10.26
1Y Target Price 32.33
Price to earnings Ratio 10.26
1Y Target Price 32.33
Volume (30-day avg) 8
Beta 1.57
52 Weeks Range 16.85 - 38.20
Updated Date 06/30/2025
52 Weeks Range 16.85 - 38.20
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 2.45

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 2.35%
Operating Margin (TTM) 3.6%

Management Effectiveness

Return on Assets (TTM) 2.82%
Return on Equity (TTM) 5.94%

Valuation

Trailing PE 10.26
Forward PE 8.7
Enterprise Value 1690967208
Price to Sales(TTM) 0.22
Enterprise Value 1690967208
Price to Sales(TTM) 0.22
Enterprise Value to Revenue 0.7
Enterprise Value to EBITDA 8.63
Shares Outstanding 21473400
Shares Floating 18804042
Shares Outstanding 21473400
Shares Floating 18804042
Percent Insiders 12.78
Percent Institutions 95.48

Analyst Ratings

Rating 3
Target Price 32.33
Buy -
Strong Buy 6
Buy -
Strong Buy 6
Hold 2
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

MarineMax Inc

stock logo

Company Overview

overview logo History and Background

MarineMax Inc. was founded in 1998 through the merger of several independent boat retailers. It has grown through acquisitions and organic expansion to become the largest recreational boat retailer in the United States.

business area logo Core Business Areas

  • Retail Sales of New and Used Boats and Related Equipment: This segment involves selling new and used recreational boats, engines, trailers, parts, and accessories. They offer a wide range of boat types, including cruisers, yachts, sport boats, and fishing boats.
  • Service and Repair: MarineMax provides maintenance, repair, and upgrade services for boats.
  • Finance and Insurance: They assist customers with financing and insurance options related to their boat purchases.
  • Marinas and Storage: The company operates marinas and provides boat storage facilities.
  • Yacht and Boat Charters: The company offers yacht and boat rentals through its Fraser Yachts and Northrop & Johnson entities.

leadership logo Leadership and Structure

W. Brett McGill is the President and Chief Executive Officer. The company has a board of directors overseeing its operations and is structured into retail, service, and corporate divisions.

Top Products and Market Share

overview logo Key Offerings

  • Cruisers and Yachts: Large, luxurious boats for extended cruising. Market share is fragmented, competing with brands like Sea Ray and Azimut. Revenue is a substantial portion of the overall boat sales.
  • Sport Boats and Fishing Boats: Smaller, more versatile boats for watersports and fishing. Competitors include Brunswick Corporation brands like Boston Whaler and Sea Fox Boats. These contribute significantly to unit sales volume.
  • Marine Accessories, Parts, and Services: A range of accessories, parts and service support for the company's boat customers. Competitors include West Marine and Bass Pro Shops. These contribute a significant portion to margin and profit.

Market Dynamics

industry overview logo Industry Overview

The recreational boating industry is influenced by economic conditions, consumer confidence, and interest rates. Demand is cyclical, with peaks during economic expansions. The industry is also seeing a trend towards larger boats and more sophisticated features.

Positioning

MarineMax is the largest boat retailer in the US, with a widespread network of dealerships and a focus on premium brands and customer service. Competitive advantages include scale, brand recognition, and established relationships with manufacturers.

Total Addressable Market (TAM)

The TAM for recreational boats and marine services in the US is estimated to be around $50 billion annually. MarineMax, with annual revenue around $2 billion, has a substantial share but significant room for growth.

Upturn SWOT Analysis

Strengths

  • Largest recreational boat retailer in the US
  • Strong brand recognition
  • Extensive dealership network
  • Premium brand portfolio
  • Diversified revenue streams (sales, service, finance)

Weaknesses

  • Cyclical demand
  • Dependence on economic conditions
  • High inventory costs
  • Seasonality of business
  • Reliance on manufacturer relationships

Opportunities

  • Expansion into new markets
  • Growing demand for larger boats
  • Increasing interest in boating as a leisure activity
  • Development of online sales platforms
  • Acquisitions of smaller dealerships

Threats

  • Economic downturns
  • Rising interest rates
  • Increased competition from online retailers
  • Fluctuations in fuel prices
  • Environmental regulations

Competitors and Market Share

competitor logo Key Competitors

  • BC
  • MCFT
  • ONEW

Competitive Landscape

MarineMax benefits from its scale and brand recognition, but faces competition from other large retailers, smaller dealerships, and online sellers. The industry is fragmented, with no single dominant player.

Major Acquisitions

Island Global Yachting (IGY Marinas)

  • Year: 2022
  • Acquisition Price (USD millions): 480
  • Strategic Rationale: Expands MarineMax's presence in the marina and yacht services business.

Growth Trajectory and Initiatives

Historical Growth: MarineMax has grown through acquisitions and organic expansion. Growth has been cyclical, influenced by economic conditions.

Future Projections: Analysts project moderate revenue growth in the coming years, driven by demand for recreational boats and expansion into new markets. Estimates can vary significantly based on economic forecasts.

Recent Initiatives: Recent initiatives include expanding online sales, acquiring dealerships in strategic locations, and developing new service offerings.

Summary

MarineMax is the leading recreational boat retailer, benefiting from its scale and diversified offerings. However, its performance is closely tied to economic cycles. The company's strategic acquisitions and online initiatives should drive future growth but it should be prepared for the next economic downturn.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q)
  • Analyst reports
  • Industry publications
  • Company Website
  • Yahoo Finance

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About MarineMax Inc

Exchange NYSE
Headquaters Oldsmar, FL, United States
IPO Launch date 1998-06-02
CEO, President & Director Mr. William Brett McGill
Sector Consumer Cyclical
Industry Specialty Retail
Full time employees 4050
Full time employees 4050

MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers 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 provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage services; and boat or yacht brokerage services, as well as yacht charters and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, trailer tire and wheel protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates MarineMax vacations in Tortola and British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. MarineMax, Inc. was incorporated in 1998 and is based in Oldsmar, Florida.