MarineMax (NYSE:HZO) Releases Earnings Results, Misses Expectations By $0.09 EPS

MarineMax (NYSE:HZO) posted its quarterly earnings data on Thursday. The specialty retailer reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09), FiscalAI reports. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The firm had revenue of $505.18 million during the quarter, compared to analyst estimates of $481.67 million. During the same period in the prior year, the firm earned $0.17 EPS. The business’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 Stock Down 8.3%

Shares of NYSE:HZO traded down $2.22 during trading on Thursday, reaching $24.64. 222,155 shares of the company traded hands, compared to its average volume of 275,922. The firm has a fifty day simple moving average of $25.50 and a 200 day simple moving average of $25.27. The company has a quick ratio of 0.32, a current ratio of 1.20 and a debt-to-equity ratio of 0.38. MarineMax has a 1-year low of $16.85 and a 1-year high of $31.51. The firm has a market cap of $542.82 million, a P/E ratio of -15.74 and a beta of 1.65.

Key MarineMax News

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Revenue and same?store sales outperformed expectations — Q1 revenue was $505.2M (above estimates) and same?store sales rose over 10%, showing resilient demand. Business Wire: Q1 Results
• Positive Sentiment: Inventory reduction — inventories fell about $167.3M year?over?year, which should help free up working capital and reduce carrying risk. Business Wire: Q1 Results
• Neutral Sentiment: Earnings call and transcript available — management commentary and slides are posted; investors should listen for commentary on promotional timing, margin outlook and any guidance updates. Yahoo: Q1 Earnings Transcript
• Neutral Sentiment: Earlier quarter context — company also reported surprising Q4 CY2025 sales, indicating recent momentum across reporting periods. Yahoo: Q4 Sales Surprise
• Negative Sentiment: EPS missed expectations — reported loss of ($0.21) vs. consensus (~($0.12)), a larger shortfall that drove downward pressure on the stock. Zacks: Q1 Loss
• Negative Sentiment: Margins squeezed by promotions — management and coverage note increased promotional activity that weighed on gross margin and produced a negative net margin for the quarter. Seeking Alpha: Promotional Activity Weighs on Margins
• Negative Sentiment: Market reaction — analysts and articles highlight the EPS miss and margin pressure as the primary drivers of the share decline this session. MSN: Stock Slides After Q1

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MarineMax by 129.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,996 shares during the last quarter. Jones Financial Companies Lllp bought a new position in MarineMax during the first quarter valued at approximately $168,000. Rafferty Asset Management LLC acquired a new stake in MarineMax in the second quarter valued at approximately $235,000. Finally, Tower Research Capital LLC TRC lifted its stake in MarineMax by 263.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,521 shares of the specialty retailer’s stock valued at $239,000 after acquiring an additional 6,902 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Truist Financial raised their price target on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About MarineMax

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.