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CLEARWATER, Fla.— MarineMax Inc . (NYSE:HZO) Director Bonnie Biumi recently acquired shares of the company, according to a recent SEC filing. On February 24, Biumi purchased 1,000 shares of MarineMax common stock at a price of $26.50 per share. The transaction totaled $26,500. The purchase comes as the stock trades near $26.55, down about 17.6% over the past six months. According to InvestingPro analysis, MarineMax currently appears overvalued relative to its Fair Value. Following this acquisition, Biumi directly owns 1,000 shares of the company. This move comes as part of Biumi’s ongoing involvement with the company, where she serves as a member of the board of directors. With a market capitalization of $604 million and analyst consensus showing a bullish outlook, MarineMax maintains profitable operations despite challenging market conditions. InvestingPro subscribers can access 10 additional key insights about MarineMax, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, MarineMax, Inc. reported its first-quarter fiscal 2025 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $0.17, against an anticipated loss of -$0.17. Despite this positive earnings surprise, the company’s revenue fell short of forecasts, registering $468.5 million compared to the expected $485.52 million. Revenue declined by approximately $60 million year-over-year, primarily due to soft retail demand and disruptions from hurricanes in Florida. However, MarineMax maintained strong gross margins at 36%, indicating robust profitability despite the challenges. In addition to financial results, MarineMax shareholders approved key proposals during the recent annual meeting, including amendments to stock plans and the election of directors. The appointment of KPMG LLP as the independent auditor for the fiscal year was also ratified. On the analyst front, there were no specific upgrades or downgrades reported, but the earnings call highlighted the company’s strategic resilience and focus on high-margin business areas, leaving investors optimistic about future performance.
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