MarineMax (NYSE:HZO) Shares Gap Up - Still a Buy?

Key Points

• Stock gap-up: MarineMax opened at $30.49 after a $27.66 close and last traded near $31.10 on 15,807 shares, roughly in line with analysts' average target of $31.80 and an overall "Moderate Buy" consensus (5 Buy / 1 Hold / 1 Sell).
• Mixed quarterly results: The company beat EPS ($0.04 vs. -$0.03 est.) but missed revenue ($527.4M vs. $617.2M), with revenue down 16.5% YoY and a negative net margin; FY2026 guidance was set at $0.40–$0.95 EPS.
• Capital actions and ownership: The board approved a $100 million share buyback (about 15.3% of shares) and institutional investors now own roughly 92.85% of the stock, with several large new positions reported.

MarineMax, Inc. (NYSE:HZO - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $27.66, but opened at $30.49. MarineMax shares last traded at $31.1010, with a volume of 15,807 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of MarineMax in a research report on Tuesday, April 21st. Benchmark reissued a "buy" rating on shares of MarineMax in a research report on Friday, January 30th. National Bank Financial set a $35.00 price target on shares of MarineMax in a research report on Friday, January 30th. Zacks Research raised shares of MarineMax from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Citigroup reissued a "buy" rating on shares of MarineMax in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.80.

MarineMax Stock Performance

The firm has a market cap of $688.55 million, a price-to-earnings ratio of -10.63 and a beta of 1.55. The stock's 50 day moving average is $27.94 and its 200 day moving average is $26.61. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The business had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. During the same quarter in the prior year, the business earned $0.23 EPS. MarineMax's quarterly revenue was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts anticipate that MarineMax, Inc. will post 0.74 earnings per share for the current year.

MarineMax declared that its Board of Directors has approved a share buyback plan on Wednesday, March 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 15.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HZO. Boothbay Fund Management LLC acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $17,372,000. Divisadero Street Capital Management LP bought a new stake in shares of MarineMax during the 3rd quarter worth approximately $16,620,000. Invesco Ltd. lifted its holdings in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer's stock worth $18,002,000 after acquiring an additional 383,926 shares during the period. Gagnon Securities LLC bought a new stake in shares of MarineMax during the 3rd quarter worth approximately $6,620,000. Finally, CenterBook Partners LP lifted its holdings in shares of MarineMax by 74.7% during the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock worth $12,901,000 after acquiring an additional 227,734 shares during the period. Institutional investors and hedge funds own 92.85% of the company's stock.

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.

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