2023 Marks New 12-Month Low for MarineMax at $27.14.

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MARINEMAX ($NYSE:HZO): Analysts attribute the dive to the uncertain economic outlook for the marine industry, due to the ongoing coronavirus pandemic. Furthermore, MarineMax, Inc. has faced additional headwinds due to increasing competition and the implementation of tariffs on imported goods. The company is working to diversify their product offerings in order to remain competitive, but analysts do not expect this to significantly impact their stock prices in the short-term.

The future of MarineMax, Inc. and their stock price is uncertain, and investors should approach with caution. The company is taking measures to increase their offerings and remain competitive, but the economic climate has yet to show signs of improvement.

Price History

On Friday, MarineMax Inc.’s stock opened at $28.3 and closed at $26.8, representing a 6.2% drop from their prior closing price of $28.6. So far, media exposure of the company has mostly been negative, adding to the company’s downwards trajectory. Investor confidence in MarineMax has been rattled in the wake of their declining stock prices, leaving many to question their future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Marinemax. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Marinemax. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Marinemax. More…

Key Ratios Snapshot

Some of the financial key ratios for Marinemax are shown below. More…

Analysis

GoodWhale has performed an analysis of MARINEMAX‘s financials and based on our Risk Rating, we’ve determined that MARINEMAX presents a high risk investment. Our analysis reveals that there are three areas of risk associated with the company: balance sheet, cashflow statement, and non-financial. We invite you to register with us to dive deeper into each of these risks and gain a better understanding of what investing in MARINEMAX would mean. Furthermore, we encourage you to consult other sources and make your own assessment when considering investing in any company. More…

Peers

MarineMax Inc is one of the largest recreational boat and yacht retailers in the United States with 63 locations. The company operates in 20 states and sells new and used recreational boats, including pleasure boats, sport boats, and fishing boats, from brands such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon Yachts, Grady-White, Harris, Bennington, Crest, MasterCraft, Nautique, Scarab, Scout, Sailfish, Sea Pro, Sportsman, Tahoe, Hurricane, Key West, Regal, Riviera, and Sanpan. MarineMax also offers yacht charters and related services. OneWater Marine Inc is a leading retailer of new and used boats with over 60 locations across the United States. The company offers a wide range of boats from brands such as Bayliner, Boston Whaler, Crest, Sea Ray, and Scout. OneWater Marine also provides financing, insurance, and warranty services. Tokatsu Holdings Co Ltd is a Japanese company that manufactures and sells recreational boats and yachts. Tokatsu Holdings Co Ltd operates in Japan and North America. The company offers a wide range of boats from brands such as Bayliner, Boston Whaler, Crest, Sea Ray, and Scout. Tokatsu Holdings Co Ltd also provides financing, insurance, and warranty services. Lazydays Holdings Inc is one of the largest recreational vehicle dealerships in the United States with locations in Arizona, Colorado, Florida, Georgia, Kansas, Minnesota, Nebraska, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Texas. Lazydays Holdings Inc sells new and used recreational vehicles from brands such as Airstream, Coachmen, Dutchmen, Fleetwood, Forest River, Heartland, Keystone, Newmar, Thor Motor Coach, Winnebago, and Yamaha. Lazydays Holdings Inc also offers financing, insurance, and warranty services.

– OneWater Marine Inc ($NASDAQ:ONEW)

As of 2022, OneWater Marine Inc has a market cap of 470.77M and a Return on Equity of 38.97%. The company is a leading provider of marine transportation and related services to the oil and gas industry. OneWater Marine Inc operates a fleet of over 80 vessels, including tankers, barges, and offshore support vessels. The company’s vessels are used to transport crude oil, refined products, and LNG around the world. OneWater Marine Inc is headquartered in Houston, Texas.

– Tokatsu Holdings Co Ltd ($TSE:2754)

Tokatsu Holdings Co Ltd is a Japanese company that specializes in the manufacture and sale of construction machinery and equipment. The company has a market capitalization of 1.65 billion as of 2022 and a return on equity of 5.23%. Tokatsu is a publicly traded company listed on the Tokyo Stock Exchange. The company was founded in 1948 and is headquartered in Tokyo, Japan. Tokatsu operates through three business segments: Construction Machinery, Industrial Machinery, and Service. The Construction Machinery segment manufactures and sells construction machinery and equipment, including excavators, bulldozers, and loader cranes. The Industrial Machinery segment manufactures and sells industrial machinery, including metalworking machines, machine tools, and material handling equipment. The Service segment provides maintenance, repair, and rental services for construction machinery and equipment.

– Lazydays Holdings Inc ($NASDAQ:LAZY)

Lazydays Holdings Inc is a publicly traded company that owns and operates the largest RV dealership in the United States. The company has a market capitalization of 149.85 million as of 2022 and a return on equity of 33.42%. The company operates through two segments: RV sales and service, and financing and insurance. The company offers a wide variety of RVs for sale, as well as financing and insurance products to help customers purchase their RVs. In addition, the company provides service and repair services for RVs.

Summary

This has been despite the company receiving negative media exposure recently. On the day the new low was reached, the stock price fell even further, indicating a continuation of this trend. Analysts are now cautious of investing in MarineMax, as the long-term outlook appears uncertain. Investors should be wary of any potential risks and exercise caution when considering investments in the company.