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Bonnie Biumi, a director at MarineMax Inc . (NYSE:HZO), recently purchased 1,000 shares of the company’s common stock. The transaction, dated March 11, 2025, was executed at an average price of $23.37 per share, amounting to a total investment of $23,370. According to InvestingPro data, this purchase comes as the stock trades near its 52-week low of $22.41, with shares down about 19% year-to-date. This acquisition increased Biumi’s holdings to 2,000 shares. The purchase was executed in multiple trades, with prices ranging from $23.31 to $23.37 per share. With the stock trading at just 0.54 times book value and analyst targets suggesting potential upside, this insider purchase could be significant. For deeper insights into insider trading patterns and 12+ additional ProTips, check out the comprehensive MarineMax research report on InvestingPro.
In other recent news, MarineMax Inc. reported its first-quarter fiscal 2025 earnings, exceeding Wall Street expectations with an earnings per share of $0.17, surpassing the projected -$0.17. However, the company’s revenue fell short of forecasts, totaling $468.5 million compared to the anticipated $485.52 million. Despite this revenue miss, MarineMax maintained strong gross margins at 36%, highlighting its profitability. The company attributed its revenue decline to soft retail demand and disruptions from hurricanes in Florida, yet it managed to keep adjusted EBITDA nearly flat year-over-year. In addition, MarineMax shareholders approved key proposals at their annual meeting, including the election of directors and amendments to stock plans, reflecting confidence in the company’s governance. The appointment of KPMG LLP as the independent auditor for the fiscal year was also ratified. Looking forward, MarineMax projects full-year adjusted EBITDA between $150 million and $180 million, with expectations for consolidated gross margins to remain in the low 30% range.
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