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MarineMax, Inc. (HZO) operates as a recreational boat and yacht retailer in the United States.
The company sells new and used recreational boats, including pleasure boats, boats, and sport cruisers; mega-yachts, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
It also provides 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 offers novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts. Further, it provides new or used boat finance services; and arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage.
Additionally, the company operates vacations in Tortola, British Virgin Islands. It also markets and sells its products through offsite locations and print catalog.
The company has 77 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Illinois, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin.
MarineMax reported 1st Quarter December 2020 earnings of $1.04 per share on revenue of $411.5 million. The consensus earnings estimate was $0.63 per share on revenue of $372.6 million. Revenue grew 35.3% on a year-over-year basis.
The company said it expects fiscal 2021 earnings of $4.00 to $4.20 per share. The company's previous guidance was earnings of $3.70 to $3.90 per share and the current consensus earnings estimate is $3.94 per share for the year ending September 30, 2021.
Following a strong earnings report last week, share prices should continue to be heading higher.
Entry point: $43.50
52-week trade range: $7.25 - $49.67
Stop/Loss: $41.25
Target Price: $47.90
HZO closed at $48.05
