10 Best Boating Stocks to Buy Now

4. MarineMax, Inc. (NYSE:HZO)

Number of Hedge Fund Holders: 21

Market cap as of April 15: $426.44 million

MarineMax, Inc. (NYSE:HZO) is a US-based business that offers premium brands of new and used recreational boats along with engines, parts, and accessories. The company’s additional ventures include boat and yacht brokerage sales, yacht charter operations, management of associated boat financing, insurance, and other matters, and repair, maintenance, and storage services. Product Manufacturing and Retail Operations are the firm’s reportable divisions. The majority of the company’s revenue is produced by the Retail Operations field and comes from the selling of both new and old boats. It caters to clients all around the United States. HZO is one of the best boating stocks to invest in.

Notwithstanding a difficult retail climate, MarineMax, Inc. (NYSE:HZO)’s gross margin performance was strong, surpassing 36% throughout Q1 of 2025, due to sustained growth in higher-margin areas like marinas, super yacht services, finance, and insurance. By expanding its line of high-end products and introducing the Cruiser Yachts brand to every store in important Southern U.S. markets like Texas and West Florida, the company furthered its expansion strategy. The firm’s non-boat and higher-margin income sources have expanded dramatically since 2019, bolstering more stable profit margins. The business anticipates that January revenue will rise year over year, showing a possibly favorable trend for the rest of the quarter.

Ace River Capital stated the following regarding MarineMax, Inc. (NYSE:HZO) in its Q2 2024 investor letter:

“MarineMax, Inc. (NYSE:HZO) has received buyout interest from Island Capital and OneWater recently. This is positive news and serves as confirmation that the share price is indeed undervalued at these prices. My desire to have ownership in marinas and waterfront real estate in desirable areas is the main thesis for this investment. If a buyout occurs, I will have to reassess and may look to get similar exposure in the new company or elsewhere.”