MarineMax (HZO)
Runs premium boat and yacht retail, marina operations, superyacht services, and owned manufacturing.
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Sells new and used boats and yachts, then adds service, parts, storage, charter, financing, insurance, brokerage, and yacht chartering around that customer base. Retail Operations carries most activity, while Product Manufacturing owns Cruisers Yachts, Aviara, and Intrepid Powerboats.
Combines boat and yacht retail with marinas, storage, service, parts, finance and insurance, brokerage, yacht charter, and MarineMax Vacations. Retail Operations is the main segment and also includes Fraser Yachts, Northrop & Johnson, and IGY Marinas.
The footprint began as a 1998 roll-up of five recreational boat dealers and has expanded through dealer, marina, superyacht, digital, and manufacturing acquisitions. Retail dealerships are concentrated in the US, while IGY and superyacht services add international exposure across the Americas, Caribbean, Europe, and Asia.
Owned manufacturing sits in Product Manufacturing through Cruisers Yachts, Aviara, and Intrepid Powerboats. The model depends on discretionary boat demand, marina and storage utilization, service execution, acquisition integration, and relationships with premium boat brands such as Sea Ray, Boston Whaler, and Azimut.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Truist Financial | Target | Target: $39 | Target: $53 |
| Aug 12, 2026 | Truist Securities | Downgrade | ||
| Aug 11, 2026 | Loop Capital Markets | Downgrade | Target: $29 | Target: $53 |
| Aug 11, 2026 | Loop Capital | Downgrade | ||
| Aug 11, 2026 | Benchmark | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $174.8M · Total debt $1.11B · Total assets $2.36B · Shareholders' equity $952.5M
- Revenue
- $611.3M
- Operating income
- $37.2M
- Net income
- $15.4M
No dividends on record.
| Institutions | ≈ 89.63% | 19.80M shares | |
|---|---|---|---|
| 188 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.56% | 785.8K shares | |
| 15 holders · as of May 15, 2026 | |||
| Strategic holders | 6.08% | 1.34M shares | |
| 1 holder · as of Sep 21, 2026 | |||
| Other | ≈ 0.73% | 161.5K shares | |
| remainder | |||
22.09M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.39% | 3.18M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 10.30% | 2.28M | as of Jun 30, 2026 |
Emma Omega LtdStrategic | 6.08% | 1.34M | filed Sep 21, 2026 |
State Street CorpInstitution | 4.34% | 958,459 | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.21% | 930,530 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- OneWater Marine
Closest public boat-retail peer across new, used, F&I, service, and storage
- Brunswick
Marine ecosystem giant overlapping in brands, parts, F&I, and boat clubs
- Malibu Boats
Premium powerboat maker in sport, Cobalt, and saltwater fishing categories
- MasterCraft Boat
Five-brand boat maker spanning wake, pontoon, sport, and fishing boats
- Blackstone
Safe Harbor parent overlapping in marinas and superyacht servicing
- Polaris
Pontoon and deck-boat competitor through Bennington, Godfrey, and Hurricane
- Winnebago Industries
Marine segment overlaps through Chris-Craft luxury boats and Barletta pontoons
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MarineMax | $52.44 | +0.06% | $1.15B | 307.9 | 37.4 | 0.5 | −7.0% |
| OneWater Marine | $9.92 | −3.31% | $170.5M | — | 9.5 | 0.1 | −4.0% |
| Brunswick | $66.79 | +0.29% | $4.33B | — | 13.5 | 0.8 | +7.7% |
| Malibu Boats | $23.43 | −2.49% | $471.9M | 326.1 | 9.5 | 0.5 | +42.7% |
| MasterCraft Boat | $19.81 | −3.22% | $495.8M | — | 10.1 | 1.4 | +63.4% |
| Blackstone | $120.80 | −2.59% | $149.80B | 27.6 | 18.8 | 9.3 | +2.4% |
| Polaris | $52.56 | −2.62% | $3.07B | — | 18.2 | 0.4 | +9.2% |
| Winnebago Industries | $27.59 | −2.39% | $798.9M | 20.8 | 12.8 | 0.3 | −9.9% |
| Median | 27.6 | 12.8 | 0.5 | +7.7% |