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Anthony E. Cassella Jr., the Executive Vice President of Finance and Chief Accounting Officer at MarineMax Inc . (NYSE:HZO), recently sold 4,000 shares of the company’s common stock. The transaction, which took place on January 27, 2025, was executed at a weighted average price of $31.06 per share, totaling approximately $124,240. The stock currently trades at $29.04, with InvestingPro data showing significant price volatility and a market capitalization of $665 million.
Following this sale, Cassella retains ownership of 11,451 shares in the company. This total includes 485 shares acquired through the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending September 30, 2024. The transaction was conducted under a pre-arranged 10b5-1 trading plan. According to InvestingPro analysis, MarineMax operates with a significant debt burden and is experiencing rapid cash burn, with negative free cash flow of $148 million in the last twelve months. Get access to 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, MarineMax has surpassed first-quarter 2025 earnings expectations, despite facing challenges from adverse weather conditions. The company managed to deliver consistent retail sales figures and maintain its full-year 2025 earnings per share (EPS) and EBITDA guidance. DA Davidson analyst Brandon Rolle reaffirmed a Buy rating and a price target of $35.00, underlining the company’s resilience.
MarineMax also reported an increase in its fiscal first-quarter earnings, posting an adjusted earnings per share of $0.17, beating analyst projections of a $0.17 loss. However, revenue fell by 11.2% year-over-year to $468.5 million. The company also expanded its gross profit margin by 290 basis points to 36.2%.
Benchmark analysts reaffirmed a Buy rating and set a price target of $40.00 for MarineMax. They highlighted a positive outlook for the recreational vehicle (RV) and marine sectors, anticipating that rising consumer confidence could boost discretionary spending.
MarineMax reaffirmed its fiscal 2025 guidance, projecting adjusted earnings of $1.80 to $2.80 per share. The company ended the quarter with an inventory of $1.04 billion, up from $876.2 million the previous year, and expressed its focus on expense reduction and maintaining a strong balance sheet in fiscal 2025. These are recent developments in the company’s financial performance.
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