Benchmark Reiterates Buy Rating on MarineMax (HZO)

Benchmark analyst reiterated a Buy rating and $40.00 price target on MarineMax (NYSE: HZO).

The analyst said, "MarineMax announced its results for 1Q25. Sales of $468.5M were down -11% and came in below our expectations (SSS -11%). Disruptions from Hurricanes Helene and Milton compounded an already soft retail environment. Florida is ~25% of its business and, ex-the state, HZO maintains that its SSS growth is running flat. 1Q25 adj. EPS of $0.17/sh. and AEBITDA of $26.1M was basically flat Y/y. AEBITDA came in slightly below our expectations (~$30M). The stock is reacting favourably, +14% at time of writing."

For an analyst ratings summary and ratings history on MarineMax click here. For more ratings news on MarineMax click here.

Shares of MarineMax closed at $32.37 yesterday.

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