Major MarineMax Shareholder Calls for Action
Levin Capital, a significant shareholder in MarineMax, has urged the company's board to immediately review strategic alternatives after previous failures to capitalize on acquisition offers. This call follows an all-cash buyout offer of $35 per share from Donerail Group. Levin Capital believes the board is obligated to explore all paths to maximizing shareholder value, warning of accountability at future annual meetings if there are further delays.
Second MarineMax shareholder calls out ‘failures’, urges sale of company
Investment firm Levin Capital Strategies, a top 10 shareholder in MarineMax, has joined US hedge fund Donerail Group in urging the company's board to review strategic alternatives after MarineMax rejected a $35 per share buyout offer. Levin Capital, which owns over 3% of MarineMax stock, believes the board is obligated to explore all paths to maximizing shareholder value and engaging with Donerail. Shareholders will vote on board composition, including CEO Brett McGill's re-election, at the upcoming annual meeting on March 3, 2026, as the company's shares have underperformed the broader market over the past five years despite recent gains.
MarineMax at risk of lowball offer, investor says
Levin Capital is urging MarineMax to formally evaluate a $1.1 billion takeover offer, cautioning that the company could lose out financially if it doesn't engage an investment bank. This comes amidst ongoing pressure on MarineMax to sell and activist investor demands, including attempts to oust its CEO. The investor believes a formal process is necessary to ensure the company receives a fair valuation.
MarineMax prepares to host 10th annual Yacht Gala benefiting Golisano Children's Hospital
MarineMax is hosting its 10th annual Yacht Gala in Fort Myers, with all proceeds benefiting Golisano Children's Hospital. The event aims to raise $1 million, contributing to the $2.5 million already raised over the past decade. This year's gala will support the CSTAR program for autism/IDD patients and will feature a pediatric ambulance on display.
Inside the brokerage that just moved 12 superyachts in 12 days
Fraser Yachts, a subsidiary of MarineMax, reported a record start to 2026, selling 12 superyachts in the first 12 days of January. These sales included both brokerage transactions of vessels from top shipyards and new construction contracts, demonstrating sustained strong demand in the high-end superyacht market. This achievement further solidifies Fraser's position as a leading global superyacht brokerage, building on its 15 consecutive years as the most active brokerage by sales volume.
Levin Capital Presses MarineMax Board to Engage Donerail on $35 Per Share Proposal
Levin Capital Strategies, a major shareholder of MarineMax, Inc. (NYSE: HZO), is urging the company's Board of Directors to review strategic alternatives after past failures to act on acquisition offers. The firm specifically wants the Board to engage with The Donerail Group regarding its all-cash offer of $35 per share, which is fully financed. Levin Capital believes delaying this review will lead to shareholders holding directors accountable at future annual meetings.
Top-10 MarineMax shareholder presses board to weigh $35 cash offer
Levin Capital Strategies, a top-10 shareholder of MarineMax, is urging the company's Board of Directors to immediately review strategic alternatives, specifically engaging with The Donerail Group regarding its $35 per share all-cash acquisition offer. Levin Capital believes the Board has failed to capitalize on previous offers and must now explore all paths to maximize shareholder value. The firm has communicated its feedback directly to MarineMax's leadership and is prepared to hold directors accountable if they delay further.
MarineMax Responds to Donerail Group Claim After Interest to Acquire Company
MarineMax, Inc. has issued a statement refuting claims by The Donerail Group that the company has not offered productive engagement regarding Donerail's unsolicited acquisition interest. MarineMax asserts that it has maintained an active dialogue with Donerail and is carefully evaluating their proposal. The company also defended its leadership and performance, highlighting its growth and shareholder return outperformance compared to peers despite macroeconomic challenges.
Donerail calls out ‘corrosive culture of nepotism’ at MarineMax in open letter
US hedge fund Donerail Group has publicly criticized MarineMax, accusing the marine retailer of "board entrenchment, nepotism, and obstruction of shareholder engagement." Donerail, a significant shareholder, is urging other shareholders to vote against CEO Brett McGill at the upcoming annual meeting, arguing that a culture of nepotism has undermined accountability and financial performance, leading to a 35% decline in share value over the last five years. MarineMax, in response, denies Donerail's claims of lack of engagement, defends its CEO's leadership, and attributes financial challenges to macroeconomic factors, noting outperformance against competitors and recent share price increases.
MarineMax responds to Donerail acquisition interest, defends strategy By Investing.com
MarineMax, Inc. (NYSE:HZO) has responded to The Donerail Group's acquisition interest, asserting that it has maintained an active dialogue with the investment firm despite claims of unproductiveness. The company is evaluating the acquisition proposal with independent advisors and has defended its strategic performance, emphasizing its financial health, leadership under CEO Brett McGill, and commitment to board refreshment. Donerail has proposed to acquire all outstanding shares for $35.00 per share and intends to vote against Brett McGill's re-election at the upcoming annual meeting.
MarineMax hits back at activist investor ahead of shareholder meeting
MarineMax is engaged in a dispute with activist investor Donerail ahead of its annual shareholder meeting. Donerail previously made a $1.1 billion takeover bid for MarineMax, which the company rejected, and is also seeking to oust the current CEO.
MarineMax responds to Donerail acquisition interest, defends strategy
MarineMax, Inc. (NYSE:HZO) has publicly responded to The Donerail Group's unsolicited acquisition proposal and letter to shareholders, defending its current business strategy and performance. The company highlighted its strong financial health, leadership under CEO Brett McGill, and commitment to shareholder value, while noting it is evaluating Donerail's offer with independent advisors. Donerail's proposal is to acquire all outstanding shares for $35.00 per share in cash, a 38% premium over MarineMax's 60-day volume-weighted average price.
Benchmark reiterates Buy rating on MarineMax stock amid takeover proposal
Benchmark has reiterated its Buy rating and $35.00 price target on MarineMax (NYSE:HZO) amidst a takeover proposal from activist investor Donerail Group. Donerail, holding 4% of shares, has proposed a non-binding $35-per-share all-cash acquisition and is urging shareholders to vote against the CEO's re-election. Benchmark notes the offer represents a 40% premium and aligns with its price target, while MarineMax's board is evaluating the proposal.
MarineMax Responds to Proposed Buyout
MarineMax has responded to The Donerail Group's unsolicited proposal to buy the company, stating that its board is committed to evaluating any credible offer that could enhance shareholder value. MarineMax refuted Donerail's claim of a lack of engagement and reaffirmed its unanimous support for CEO Brett McGill, highlighting his successful leadership in transforming the company.
MarineMax Reveals Shareholder Letter
MarineMax, Inc. (NYSE: HZO) has issued a statement responding to a public letter from The Donerail Group, Inc. MarineMax confirmed an active dialogue with shareholders, including Donerail, and noted previous engagements and a private letter from Donerail affirming appreciation for that engagement. The company stated its board is committed to evaluating any credible proposal to enhance value, including Donerail's unsolicited indication of interest, in good faith and with the assistance of independent advisors.
MarineMax Responds to The Donerail Group’s Public Letter to Shareholders
MarineMax has issued a statement responding to The Donerail Group's recent public letter to shareholders, refuting claims of a lack of productive engagement and highlighting the company's strong performance and strategic execution despite macroeconomic challenges. MarineMax emphasized its ongoing dialogue with shareholders, its CEO's successful leadership, and a refreshed, independent Board, asserting confidence in its strategy to enhance shareholder value. The company also reaffirmed its commitment to evaluating any credible acquisition proposal.
Here’s Why Ace River Capital Decided to Sell MarineMax (HZO)
Ace River Capital sold MarineMax (HZO) shares due to the stock's lack of near-term catalysts and the cyclical nature of the retail boating business, despite viewing it as an attractive long-term asset owner. The firm reduced its position by about half by selling in-the-money covered calls, which were subsequently called away. Ace River Capital, whose fund returned -4.55% in Q4 2025 and -21.95% for the full year, plans to monitor MarineMax but remains selective in deploying further capital into HZO.
Donerail urges MarineMax shareholders to vote against CEO McGill By Investing.com
The Donerail Group, which holds over 4% of MarineMax, Inc. shares, has announced its intention to vote against CEO Brett McGill's reelection as director at the upcoming March 3 annual meeting. Donerail also reaffirmed its $35.00 per share all-cash acquisition proposal for MarineMax, criticizing the company's governance, alleged nepotism, and poor stock performance under McGill's leadership. The investment firm suggested McGill step down if he loses the vote, with the CFO Michael McLamb taking over as interim CEO while a strategic review is conducted.
Donerail Group Pushes for Leadership Change at MarineMax (HZO)
Donerail Group, a significant shareholder in MarineMax (HZO), has made an all-cash acquisition offer of $35 per share and is actively campaigning against the re-election of CEO Brett McGill. The group cites MarineMax's declining margins, profitability concerns, and significant reliance on debt financing as reasons for its dissatisfaction. Donerail is urging other shareholders to vote against McGill and advocates for CFO Michael McLamb to be considered as interim CEO if McGill is not re-elected.
Donerail Issues Open Letter to MarineMax Shareholders
The Donerail Group, a significant shareholder of MarineMax, has issued an open letter urging MarineMax shareholders to vote against the re-election of CEO Brett McGill at the upcoming annual meeting. Donerail criticizes the company's board for entrenchment, nepotism, and obstruction of shareholder engagement, reaffirming its $35.00 per share all-cash acquisition proposal. The letter highlights McGill's track record of underperformance and a "culture of nepotism" within MarineMax, suggesting the appointment of CFO Michael McLamb as interim CEO should McGill be removed.
Donerail Issues Open Letter to MarineMax Shareholders
The Donerail Group, a major shareholder of MarineMax (HZO), has issued an open letter urging shareholders to vote against CEO Brett McGill's re-election as a director. Donerail highlights concerns about board entrenchment, nepotism, and obstruction of shareholder engagement, while reaffirming its $35.00 per share all-cash acquisition proposal. The letter details alleged governance failures under McGill's leadership, including underperformance, strategic missteps, and a culture of nepotism.
5 Insightful Analyst Questions From MarineMax's Q4 Earnings Call
MarineMax's Q4 CY2025 results showed better-than-expected sales but missed adjusted EPS and EBITDA estimates, leading to a negative market reaction. Management cited elevated promotional activity and cautious retail behavior impacting margins despite premium product demand. Analysts raised questions regarding discounting assumptions, the disconnect between higher average selling prices and gross margins, demand trends across income groups, boat margin recovery, and factors contributing to margin decline.
Oldsmar yachting giant MarineMax receives $1.1B takeover offer from hedge fund
MarineMax, a yachting giant based in Oldsmar, has received an unsolicited $1.1 billion takeover offer from Los Angeles-based hedge fund Donerail Group. This offer comes after Donerail Group reportedly pressed for management changes at MarineMax for several months. The company was also rumored to have received a $2.5 billion buyout offer from OneWater Marine in 2024.
‘Unsolicited interest’: MarineMax issues statement after Donerail proposes $1bn buyout
MarineMax has confirmed receiving an "unsolicited, non-binding indication of interest" from Donerail Group to acquire the company for $35 per share in an all-cash deal, valuing it at over $1 billion. MarineMax's board stated it would carefully review the offer but made it clear the offer was not welcome, advising shareholders no immediate action is required. This bid follows Donerail, a long-term shareholder, pressuring MarineMax for significant changes due to perceived poor performance.
The Donerail Group Offers to Acquire MarineMax
The Donerail Group has offered to acquire MarineMax in an all-cash deal valued at over $1 billion, or $35 per share. Donerail, holding nearly 5% of MarineMax, made the offer after pressuring the company for operational changes, including a CEO replacement. MarineMax's Board of Directors will review the unsolicited proposal, while other parties are reportedly interested in acquiring parts of MarineMax's extensive marina business.
Investment Group Offers To Buy MarineMax
Investment group Donerail has proposed an all-cash deal to acquire MarineMax for $35 per share, valuing the company at approximately $1 billion. Donerail, which owns nearly 5% of MarineMax, has previously criticized the company's operating strategy, capital allocation, and financial oversight, and pushed for the sale of the company and replacement of its CEO. MarineMax was trading at $26.09, with a market value of about $575 million, prior to this offer.
MarineMax stock rises after $35 per share buyout offer from Donerail
MarineMax Inc. (NYSE:HZO) stock increased by 2% after the company confirmed receiving an unsolicited buyout offer from The Donerail Group. The all-cash proposal values MarineMax at $35.00 per share, a 38% premium over its 60-day volume-weighted average price, totaling approximately $1.1 billion. MarineMax's Board of Directors will review the non-binding offer, with Donerail stating it has secured equity and debt support for the acquisition, subject to due diligence.
MarineMax (HZO) Receives $1.1 Billion Acquisition Proposal from Donerail Group
Donerail Group has proposed to acquire MarineMax (HZO) for $1.1 billion, or $35.00 per share in cash, representing a 38% premium over the company's 60-day average price. Donerail is already a significant shareholder, and the offer highlights the immediate value for investors despite MarineMax's recent financial challenges and position in the cyclical consumer market. The deal is contingent on due diligence.
MarineMax Confirms Receipt of Unsolicited Indication of Interest from The Donerail Group
MarineMax, Inc. (NYSE: HZO) has confirmed it received an unsolicited, non-binding indication of interest from The Donerail Group to acquire all outstanding common shares for $35.00 per share in cash. The company's Board of Directors will review the proposal in consultation with its financial and legal advisors to determine the best course of action for MarineMax and its shareholders. Shareholders are not required to take any action at this time.
MarineMax confirms $35 per share acquisition offer from Donerail Group
MarineMax, Inc. (NYSE:HZO) has confirmed receipt of an unsolicited, non-binding acquisition offer from The Donerail Group to purchase all outstanding shares for $35.00 per share in cash, a 13% premium to its current trading price. The company's board will be reviewing the offer with its advisors, while analysts expect MarineMax to return to profitability this fiscal year despite a recent quarterly loss. MarineMax also recently reported its Q1 2026 earnings with a net loss of $0.21 per share, but its revenue of $505.2 million surpassed expectations, leading to a stock surge.
Donerail confirms non-binding offer to buy MarineMax shares for $35 per share
Donerail has confirmed a non-binding offer to acquire MarineMax shares for $35 each. This all-cash deal values the recreational boat and yacht retailer at approximately $1.1 billion. The offer follows previous reports and ongoing discussions regarding a potential takeover.
Donerail offers to buy MarineMax in all-cash deal valued $1.1 billion
Activist investor Donerail Group has submitted an all-cash proposal to acquire MarineMax for $35 per share, valuing the superyacht service company at $1.1 billion. Donerail, which owns over 4% of MarineMax, has been pressuring the company for months to consider a sale and replace its CEO, as the marinas sector attracts increasing investor interest. MarineMax operates over 120 locations globally and manufactures premium sport yachts and powerboats.
Donerail Confirms Non-Binding Offer To Buy MarineMax Shares For $35 Per Share
Donerail has confirmed a non-binding offer to acquire MarineMax shares for $35 per share. This news highlights potential mergers and acquisitions in the market. The information was provided by Refinitiv and Reuters.
The Donerail Group Confirms Submission of Non-Binding Acquisition Proposal to Acquire All Outstanding Shares of MarineMax for $35.00 per Share
The Donerail Group has submitted a non-binding proposal to acquire MarineMax (NYSE: HZO) for $35.00 per share in cash, totaling approximately $1.1 billion. This offer represents a 38% premium over MarineMax's 60-day volume-weighted average price and aims to provide immediate value to shareholders. Donerail, already a significant MarineMax shareholder, has secured financing support for the acquisition.
Donerail makes $1 billion offer to acquire MarineMax
Donerail has submitted a $1 billion offer to acquire MarineMax, a major development in the mergers and acquisitions space. The offer was publicly announced, indicating significant financial interest in the marine retailer.
Earnings call transcript: MarineMax Q1 2026 sees revenue beat, stock surges
MarineMax Inc. (HZO) reported a mixed Q1 2026, missing EPS forecasts with a net loss of $0.21 per share but exceeding revenue expectations by 4.9% with $505.2 million. Despite profitability challenges, the stock surged 10.99%, reflecting investor optimism driven by strong same-store sales growth and strategic initiatives. The company reaffirmed its fiscal 2026 guidance, projecting adjusted EBITDA between $110 million and $125 million, anticipating stable to slightly positive same-store sales and improved inventory management.
MarineMax Shares Rally On Reported Buyout Offer: Here Are The Details
MarineMax shares surged after Reuters reported a $35 per share cash buyout offer from Donerail Group, valuing the company at over $1 billion. This offer represents a 29% premium to its previous closing price. Donerail had previously expressed concerns about MarineMax's capital allocation, and other parties have also shown interest in MarineMax's marina business.
MarineMax (HZO) Receives Purchase Offer from Donerail at $35 Per Share
MarineMax (HZO) has received an acquisition proposal from Donerail Group to purchase the company at $35 per share. The article highlights MarineMax's position in the consumer cyclical sector, its financial challenges including negative operating margins and high leverage, and market sentiment. While the offer presents a potential opportunity, the company's financial health and market volatility suggest investors should proceed with caution.
Benchmark Maintains Buy on MarineMax (HZO) Jan 30, 2026
Benchmark reiterated its 'Buy' rating on MarineMax, Inc. (HZO) on January 30, 2026, following mixed quarterly results and a stock selloff, signaling confidence in the company's long-term prospects. The firm did not issue a new price target, implying a continuity in coverage rather than a directional shift. Meyka AI assigned HZO a 'B' grade, indicating above-average fundamentals but not top-tier momentum or valuation.
Exclusive: Donerail offers to buy superyacht service company MarineMax in all-cash deal valued at roughly $1 billion, sources say
Donerail Group has offered to acquire superyacht service company MarineMax for $35 per share in an all-cash deal, valuing the company at over $1 billion. This offer comes after Donerail, which owns nearly 5% of MarineMax, pushed for significant changes including a potential sale and CEO replacement. MarineMax has enlisted Wells Fargo to evaluate the proposal, and analysts suggest the company could attract considerable interest, especially given increased consumer demand for boats and recent declines in interest rates.
MarineMax stock surges after Donerail’s $1 billion buyout offer
MarineMax stock surged 9% following a Reuters report that investment firm Donerail Group offered to acquire the superyacht service company for approximately $1 billion in an all-cash deal. Donerail proposed $35 per share for MarineMax, highlighting increasing investor interest in the marina business sector. MarineMax operates 65 marinas and 70 dealerships, serving high-net-worth individuals in the luxury boating market.
Exclusive-Donerail offers to buy superyacht service company MarineMax in all-cash deal valued at roughly $1 billion, sources say
Donerail Group has offered to acquire MarineMax for $35 per share in an all-cash deal, valuing the superyacht service company at just over $1 billion. This offer follows Donerail's previous push for significant changes at MarineMax, including a CEO replacement and capital allocation adjustments. Despite other parties expressing interest in MarineMax, particularly its marina business, Donerail's offer comes as the company's stock has lagged the broader market over the past five years, despite recent sales increases.
Exclusive-Donerail offers to buy superyacht service company MarineMax in all-cash deal valued at roughly $1 billion, sources say
Donerail Group has made an all-cash offer to acquire MarineMax for $35 per share, valuing the superyacht service company at just over $1 billion. This bid follows Donerail's previous efforts to push for significant changes within MarineMax, including a potential sale or leadership replacement. MarineMax has engaged Wells Fargo to advise on the offer, while Donerail retains Jefferies to pursue the takeover.
The MarineMax, Inc. (NYSE:HZO) First-Quarter Results Are Out And Analysts Have Published New Forecasts
MarineMax, Inc. shares fell 4.0% after its first-quarter results despite revenues beating expectations. Analysts have updated their forecasts, showing a slightly more optimistic outlook for earnings per share in 2026, though the consensus price target remains unchanged. The company's revenue growth is projected to slow compared to historical performance and the wider industry.
The MarineMax, Inc. (NYSE:HZO) First-Quarter Results Are Out And Analysts Have Published New Forecasts
MarineMax, Inc. (NYSE:HZO) recently released its first-quarter results, showing revenues of US$505m, surpassing expectations by 4.7%, despite a 200% increase in statutory losses per share to US$0.36. Following these results, analysts slightly increased their 2026 revenue forecast to US$2.38 billion and EPS to US$0.65, though the consensus price target remained unchanged at US$31.33. The company's projected revenue growth of 2.1% annually until 2026 is expected to be slower than its historical 4.8% growth and the industry average of 6.2%.
MarineMax (HZO) Q1 Loss Deepens YoY And Tests Turnaround Bullish Narratives
MarineMax (HZO) reported a deeper Q1 2026 loss of US$0.36 EPS, compared to a profit in the same quarter last year, despite an increase in revenue. The company's trailing twelve-month losses have widened to US$57.6 million, raising concerns for bearish investors. While the stock appears cheap on a P/S basis and analysts project a return to profitability, the mixed financial results and choppy sales figures challenge the bullish turnaround narrative.
MarineMax F&I revenue ticks up 0.9% YoY
MarineMax reported a 0.9% year-over-year increase in F&I product revenue for its first fiscal quarter of 2026, reaching $14.7 million and comprising 2.9% of total revenue. This occurred despite mixed F&I revenue and sales in the marine retail sector, with total revenue for MarineMax rising by 7.8%. The increase was influenced by inventory changes across the industry.
MarineMax stock falls 9% despite sales growth as Benchmark maintains Buy rating
MarineMax (NYSE:HZO) shares dropped nearly 9% despite reporting stronger-than-expected revenue and a 10% increase in comparable sales. The decline followed the company's mixed quarterly earnings, which missed analyst expectations for adjusted EBITDA and earnings per share, though Benchmark maintained its Buy rating and $35.00 price target. Benchmark viewed the company's unchanged full-year guidance positively, citing the company is overcoming past hurricane impacts and managing seasonal margin pressures.
MarineMax (HZO) Rating Reaffirmed and Price Target Raised by B. Riley Securities | HZO Stock News
B. Riley Securities has reaffirmed its 'Buy' rating for MarineMax (HZO) and increased its price target from $27.00 to $29.00, indicating a 7.41% rise. This update reflects the firm's continued confidence in the company's future prospects. Other analysts have also shown optimism for HZO, with an average target price of $31.57 from seven analysts, suggesting a potential upside of 28.08% from its current price.
MarineMax, Inc. (NYSE:HZO) Q1 2026 earnings call transcript
This document is an earnings call transcript for MarineMax, Inc. (NYSE:HZO) for the first quarter of fiscal year 2026. It contains the detailed discussion and financial disclosures made during the call.
