Stock market today: S&P 500 falls as government shutdown, trade jitters persist
GARLAND, Texas - Massimo Group (NASDAQ:MAMO), a $123 million market cap powersports manufacturer with a current ratio of 1.82, announced Monday the addition of two new utility terrain vehicles (UTVs) to its product lineup, with deliveries to a major farm and ranch retail partner set to begin in November. According to InvestingPro analysis, the company maintains moderate debt levels while showing strong liquidity.
The powersports manufacturer is introducing the Buck 450 4WD UTV and the T-Boss 900L Crew UTV, expanding its offerings in both entry-level and premium categories. The initial shipment will arrive at retail locations nationwide ahead of the holiday season. This product expansion comes as the company’s stock has shown notable momentum, posting an 18% return over the past six months.
The Buck 450 4WD UTV features a 352 cc liquid-cooled EFI engine producing 25 horsepower, automatic CVT transmission with on-demand four-wheel drive, and independent suspension with 11-inch ground clearance.
The larger T-Boss 900L Crew UTV comes equipped with an 812 cc three-cylinder EFI engine generating approximately 52 horsepower. It offers seating for up to six passengers, a 10-inch touchscreen display with GPS, hydraulic-assist dump bed, and full LED lighting.
"We continue to invest in expanding our product lineup and deepening our partnerships with our retail partners," said David Shen, CEO of Massimo Group, in a press release statement.
The Texas-based company manufactures and distributes powersports vehicles including UTVs, ATVs, and mini bikes. The new models will be available through one of the nation’s largest farm and ranch retailers, though the specific retail partner was not named in the announcement.
In other recent news, Massimo Group announced the release of its new Sentinel 570 HVAC UTV, a premium model featuring a fully enclosed cabin with heating and air conditioning systems. The company also launched its 2026 MVR Series, which includes electric carts like the MVR HVAC Golf Cart and MVR Cargo Max Electric Utility Cart, both equipped with integrated climate control. Additionally, Massimo Group has integrated Anthropic’s Claude AI into its Oracle NetSuite enterprise resource planning systems to enhance decision-making and collaboration across various departments. In a strategic move, the company completed sales and product training with a major farm and ranch retailer, planning to expand into over 100 additional stores. Massimo Motor, a subsidiary, has secured licensing to begin sales in Oregon and Arkansas, adding over 100 new retail locations to its distribution network. These developments reflect Massimo Group’s ongoing efforts to broaden its market presence and product offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.