Latest news with #MarineMax
Yahoo
24-06-2025
- Automotive
- Yahoo
Q1 Earnings Roundup: MarineMax (NYSE:HZO) And The Rest Of The Automotive and Marine Retail Segment
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the automotive and marine retail stocks, including MarineMax (NYSE:HZO) and its peers. At their essence, cars and boats get you from point A to point B, but the former is usually a necessity in everyday life while the latter is a luxury or leisure product. The retailers that sell these vehicles therefore cater to different needs and populations. There are also retailers that may not sell cars and boats themselves but the parts and accessories needed to keep these complex machines in tip top shape. The 11 automotive and marine retail stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4%. Luckily, automotive and marine retail stocks have performed well with share prices up 12.6% on average since the latest earnings results. Appropriately headquartered in Clearwater, Florida, MarineMax (NYSE:HZO) sells boats, yachts, and other marine products. MarineMax reported revenues of $631.5 million, up 8.3% year on year. This print exceeded analysts' expectations by 8.8%. Overall, it was a strong quarter for the company with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. Brett McGill, Chief Executive Officer and President of MarineMax, stated, 'Despite facing a weak retail market and an uncertain macroeconomic climate, we delivered a strong second-quarter performance. Our 11% same-store sales growth highlights the exceptional execution by our team. This growth was supported by the ongoing joint promotional initiatives with our industry-leading manufacturing partners. While challenging conditions are exerting significant retail margin pressure across the recreational marine industry, our year-to-date gross margin of 32.7% is a testament to the strength of our strategic diversification. By expanding into high-value segments such as marinas, superyacht services, and finance and insurance, together with our premium brand focus, we have built a more resilient business model that continues to deliver strong performance. MarineMax achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 27.2% since reporting and currently trades at $24.48. Is now the time to buy MarineMax? Access our full analysis of the earnings results here, it's free. With a strong presence in the Southern and Central US, America's Car-Mart (NASDAQ:CRMT) sells used cars to budget-conscious consumers. America's Car-Mart reported revenues of $370.2 million, up 1.9% year on year, outperforming analysts' expectations by 7.8%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 10.5% since reporting. It currently trades at $51.69. Is now the time to buy America's Car-Mart? Access our full analysis of the earnings results here, it's free. A public company since early 2020, OneWater Marine (NASDAQ:ONEW) sells boats, yachts, and other marine products. OneWater reported revenues of $483.5 million, flat year on year, falling short of analysts' expectations by 2.8%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts' expectations. OneWater delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 7.9% since the results and currently trades at $13.82. Read our full analysis of OneWater's results here. Founded in 1966 as a single recreational vehicle (RV) dealership, Camping World (NYSE:CWH) still sells RVs along with boats and general merchandise for outdoor activities. Camping World reported revenues of $1.41 billion, up 3.6% year on year. This number came in 1% below analysts' expectations. Zooming out, it was actually a very strong quarter as it produced an impressive beat of analysts' EBITDA and EPS estimates. The stock is up 30.5% since reporting and currently trades at $18.40. Read our full, actionable report on Camping World here, it's free. With a strong presence in the Western US, Lithia Motors (NYSE:LAD) sells a wide range of vehicles, including new and used cars, trucks, SUVs, and luxury vehicles from various manufacturers. Lithia reported revenues of $9.18 billion, up 7.2% year on year. This print lagged analysts' expectations by 2.1%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. The stock is up 13.2% since reporting and currently trades at $335.73. Read our full, actionable report on Lithia here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
24-06-2025
- Business
- Business Wire
MarineMax Expands Role for EVP and Chief Digital Officer Shawn Berg
BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced that Shawn Berg, Executive Vice President and Chief Digital Officer, is taking on an expanded role to help support the Company's strategic growth and innovation initiatives. Mr. Berg joined MarineMax as Vice President of Technology in 2017 and was promoted to his current role in 2019. With more than 30 years of experience, he has held multiple officer-level positions, helping to drive growth for companies in the marine, automotive, and retail sectors. He possesses deep expertise in finance, insurance, distribution, service, and supply chain operations. 'Shawn's leadership, strategic perspective, and clear understanding of the industry make him well-suited for this expanded role,' stated Brett McGill, MarineMax's Chief Executive Officer and President. 'By giving Shawn the added responsibility for coordinating strategic growth initiatives across all of our global divisions, we are advancing the Company's commitment to delivering industry-leading customer experiences and sustainable financial performance." MarineMax maintains a clear focus on innovation and customer-driven growth, utilizing technology, acquisitions, and service excellence to lead the recreational marine sector. Working with the other members of the Company's leadership team, Mr. Berg will contribute to refining and executing MarineMax's strategic roadmap, emphasizing operational excellence, market expansion, digital transformation and world-class customer service. 'I am honored to take on this expanded role to help advance MarineMax's long-term growth,' Mr. Berg said. 'I look forward to working with the team to deliver enhanced value to our customers, partners, and shareholders.' About MarineMax As the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth's surface. We're focused on the other 71%. Learn more at Forward Looking Statement Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements, including those related to the expansion of Shawn Berg's role to support the Company's growth and innovation initiatives, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the return to normal operations of the Company's locations, the timing of and potential outcome of the Company's long-term improvement plan, the estimated impact resulting from the Company's cost-reduction initiatives, the Company's abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company's manufacturing partners, the performance and integration of the recently acquired businesses, general economic conditions, as well as those within the Company's industry, the liquidity and strength of our bank group partners, the level of consumer spending, and numerous other factors identified in the Company's Form 10-K for the fiscal year ended September 30, 2024 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
20-06-2025
- Business
- Yahoo
5 Insightful Analyst Questions From MarineMax's Q1 Earnings Call
MarineMax delivered a positive Q1, with results surpassing Wall Street's revenue and profit expectations and a strong market reaction following the announcement. Management attributed the quarter's outperformance to aggressive pricing, targeted promotions, and increased digital marketing, which helped drive double-digit same-store sales growth. CEO Brett McGill emphasized the company's ability to leverage technology and analytics, stating, 'Our digital investments combined with the best team and industry leading premium brands and strong execution enable us to achieve record March quarter revenue.' Is now the time to buy HZO? Find out in our full research report (it's free). Revenue: $631.5 million vs analyst estimates of $582.4 million (8.3% year-on-year growth, 8.4% beat) Adjusted EPS: $0.23 vs analyst estimates of $0.19 (19.3% beat) Adjusted EBITDA: $30.92 million vs analyst estimates of $28.73 million (4.9% margin, 7.6% beat) Management lowered its full-year Adjusted EPS guidance to $1.90 at the midpoint, a 17.4% decrease EBITDA guidance for the full year is $155 million at the midpoint, below analyst estimates of $166.1 million Operating Margin: 3.6%, in line with the same quarter last year Locations: 71 at quarter end, down from 83 in the same quarter last year Same-Store Sales rose 11% year on year (2% in the same quarter last year) Market Capitalization: $545.9 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. James Hardiman (Citi): Asked about the drivers behind the 11% same-store sales growth and the expected decline in April. CFO Mike McLamb explained that growth was largely due to premium product mix, while unit volumes fell and April is expected to see further softness. Michael Swartz (Truist Securities): Inquired about direct tariff costs and margin impacts. McLamb clarified that guidance does not include significant direct tariff costs, and margin declines are attributed mainly to promotions and product mix. Joe Altobello (Raymond James): Questioned the promotional environment and industry inventory levels. CEO Brett McGill said promotions are now more about overcoming consumer uncertainty than excess inventory, and online engagement remains strong. Eric Wold (Texas Capital Securities): Pressed on demand softness across price points and the effectiveness of promotions. McGill noted softness across all segments, with premium buyers still seeking deals, and said promotions may be less effective during periods of high uncertainty. Anna Glaessgen (B. Riley Securities): Asked about cancellations and the effect of tariffs on future pricing. McGill reported no uptick in cancellations and expects any price increases related to tariffs to be phased in with new model years, not immediately. In the coming quarters, the StockStory team will watch for (1) stabilization in promotional activity and signs that margin pressure is easing, (2) continued growth and resilience in higher-margin marina and superyacht services, and (3) the impact of tariff developments on consumer demand and industry sentiment. Trends in inventory management and digital engagement will also serve as important indicators of MarineMax's ability to navigate ongoing uncertainty. MarineMax currently trades at $25.49, up from $19.24 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
MarineMax, Bloomin' Brands, Portillo's, Beyond Meat, and Estée Lauder Shares Are Soaring, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Boat & Marine Retailer company MarineMax (NYSE:HZO) jumped 6.9%. Is now the time to buy MarineMax? Access our full analysis report here, it's free. Sit-Down Dining company Bloomin' Brands (NASDAQ:BLMN) jumped 13.6%. Is now the time to buy Bloomin' Brands? Access our full analysis report here, it's free. Traditional Fast Food company Portillo's (NASDAQ:PTLO) jumped 5.7%. Is now the time to buy Portillo's? Access our full analysis report here, it's free. Perishable Food company Beyond Meat (NASDAQ:BYND) jumped 7%. Is now the time to buy Beyond Meat? Access our full analysis report here, it's free. Personal Care company Estée Lauder (NYSE:EL) jumped 7.9%. Is now the time to buy Estée Lauder? Access our full analysis report here, it's free. Bloomin' Brands's shares are extremely volatile and have had 42 moves greater than 5% over the last year. But moves this big are rare even for Bloomin' Brands and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 8.6% on the news that the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict. Bloomin' Brands is down 23.7% since the beginning of the year, and at $9.13 per share, it is trading 56.2% below its 52-week high of $20.85 from July 2024. Investors who bought $1,000 worth of Bloomin' Brands's shares 5 years ago would now be looking at an investment worth $756.01. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
MarineMax, Bloomin' Brands, Portillo's, Beyond Meat, and Estée Lauder Shares Are Soaring, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Boat & Marine Retailer company MarineMax (NYSE:HZO) jumped 6.9%. Is now the time to buy MarineMax? Access our full analysis report here, it's free. Sit-Down Dining company Bloomin' Brands (NASDAQ:BLMN) jumped 13.6%. Is now the time to buy Bloomin' Brands? Access our full analysis report here, it's free. Traditional Fast Food company Portillo's (NASDAQ:PTLO) jumped 5.7%. Is now the time to buy Portillo's? Access our full analysis report here, it's free. Perishable Food company Beyond Meat (NASDAQ:BYND) jumped 7%. Is now the time to buy Beyond Meat? Access our full analysis report here, it's free. Personal Care company Estée Lauder (NYSE:EL) jumped 7.9%. Is now the time to buy Estée Lauder? Access our full analysis report here, it's free. Bloomin' Brands's shares are extremely volatile and have had 42 moves greater than 5% over the last year. But moves this big are rare even for Bloomin' Brands and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 8.6% on the news that the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict. Bloomin' Brands is down 23.7% since the beginning of the year, and at $9.13 per share, it is trading 56.2% below its 52-week high of $20.85 from July 2024. Investors who bought $1,000 worth of Bloomin' Brands's shares 5 years ago would now be looking at an investment worth $756.01. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
