2024-07-28 11:39:51 ET
Summary
- MarineMax reported Q3 results exceeding Wall Street estimates by a wide margin, with same-store revenues growing by 4% in a challenging industry environment.
- Potential M&A with OneWater or ICG could pose more upside for investors as talks around potential transactions has heated up.
- Despite remaining risks in the industry, I remain bullish as MarineMax's stock valuation remains attractive with potential further upside from M&A.
MarineMax, Inc. ( HZO ), the boat dealership operator, reported the company’s Q3 results on the 25 th of July, showing a surprisingly good performance in the challenged industry backdrop. With the results beating Wall Street estimates by a notable margin, the stock went up by 17% on the earnings day....
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MarineMax: Q3 And M&A Speculation Show Improving Fundamentals In Challenging Industry