MarineMax, Inc. (HZO)

In the past six months, MarineMax's stock (HZO) has trended up by 0.80%. MarineMax reported a net loss of $0.9 million, or $0.04 per share, in Q4 2025, but exceeded analysts' EPS expectations, with revenue at $552.2 million. An insider notified an intention to sell stock on November 22, 2025. The stock experienced a 6.8% drop since July 2025, underperforming the S&P 500, leading to an analyst downgrade to 'hold' in December 2025. The company has closed ten stores since the summer of fiscal 2024 as part of portfolio rationalization efforts.

Demand for MarineMax's products and services is subject to the cyclical nature of the recreational marine industry. The company's diversified business model helps mitigate the impact of cyclical pressures. Rising interest rates and a slowdown in stock market gains have contributed to a deceleration in the watercraft and boat selling business. New boat sales experienced pressure and lower margins in fiscal 2025, while used boat revenue, finance and insurance, parts and service income, and superyacht services and marina operations have shown growth. Geographic concentration in Florida exposes the company to potential seasonal impacts from weather events.

MarineMax, Inc. is the world's largest recreational boat and yacht retailer and superyacht services company, operating in the Consumer Discretionary sector, specifically in the Specialty Retail industry. The company sells new and used recreational boats and yachts, and offers services such as maintenance, repair, and brokerage. MarineMax also manufactures premium brands like Cruisers Yachts and Intrepid Powerboats, operates luxury marinas globally through IGY Marinas, and offers luxury charter vacations through MarineMax Vacations.

MarineMax has a global presence with over 120 locations, including more than 70 dealerships and over 65 marina and storage facilities. Its operations span across the United States and internationally, with Florida accounting for 54% of its dealership revenue in fiscal 2025. The company's IGY Marinas brand operates in various yachting and sport fishing destinations around the world.

MarineMax maintains a strong brand reputation as the largest recreational boat and yacht retailer globally. Strategic diversification into higher-margin businesses has been crucial in sustaining gross margins. Key events impacting its reputation include the continued optimization of its geographic footprint through store closures and the acquisitions of IGY Marinas in 2022 and the launch of the Superyacht Division in 2024. Despite industry-wide challenges, MarineMax achieved annual same-store sales growth in fiscal 2024, but has faced pressure on new boat margins and experienced a net loss in fiscal 2025, leading to some analyst caution.

MarineMax's ownership is primarily institutional, with approximately 52.13% of the stock held by institutional investors. Insiders hold about 3.36%, and public companies and individual investors account for roughly 24.92%. As of September 2025, 170 institutional investors held positions in MarineMax, with institutional ownership increasing to 122.2% from 96.8% in June 2025. Major institutional shareholders include BlackRock, Inc., American Century Companies Inc, Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, Levin Capital Strategies, L.p., Invesco Ltd., and Boothbay Fund Management, Llc. BlackRock, Inc. is the largest institutional holder, with 2.95 million shares as of September 30, 2025.