MarineMax, Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against MarineMax, Inc. (NYSE: HZO).

If you purchased or held MarineMax securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About MarineMax

MarineMax is a boating retailer, operating as one of the largest sellers of recreational boats and yachts in the United States. The company also offers related services, including marina operations, boat financing, and insurance.

In recent years, MarineMax has emphasized its strategy of diversifying revenue streams beyond boat sales, focusing on higher-margin segments such as marina management and brokerage services.

The Allegations

Lawyers are investigating whether MarineMax may have made misleading statements or omitted critical information regarding its financial health and business outlook during the period between Jan. 23, 2025, and July 23, 2025. The focus is on whether investors were misled about the company’s true prospects, especially as it relates to demand for its core products and the impact of external factors like tariffs.

On Jan. 23, 2025, MarineMax issued a press release reporting first-quarter results and reaffirmed its fiscal 2025 adjusted earnings guidance of $1.80 to $2.80 per share. The CEO attributed any weakness to temporary hurricane disruptions and expressed optimism for a spring recovery, stating, “We anticipate that the pace of activity improves as we move into the spring selling season,” and called boat-show activity “encouraging”. If internal data already showed weakening demand, these statements may have omitted material negative information.

On April 24, 2025, MarineMax reported record second-quarter revenue and 11% comparable sales growth, but simultaneously lowered its fiscal 2025 earnings guidance to $1.40–$2.40 per share, citing “recently implemented tariffs” as a major factor. Management also noted that “actual new sales seems to have slowed since the start of April”. These mixed signals, highlighting strong consumer interest while reducing earnings guidance, may have given investors a misleading impression that any slowdown was temporary or limited.

The most significant event occurred on July 24, 2025, when MarineMax released its third-quarter results. The company reported a 13.3% year-over-year revenue decline and a net loss of $52.1 million (GAAP), including a $69.1 million goodwill write-down. Management also slashed full-year adjusted net income guidance to $0.45–$0.95 per share, down from the previous range of $1.40–$2.40. These disclosures seemingly contradicted earlier optimistic statements and revealed the full extent of the downturn.

Following this announcement, MarineMax’s stock price plunged approximately 16.9% in a single day, closing at $22.71 compared to $27.32 the previous day: a $4.61 per share drop. With about 21.46 million shares outstanding, this represented a market capitalization loss of nearly $99 million in one day. Year-to-date, MarineMax shares had already declined about 20.5% by July 25, 2025, with the July 24 disclosure accounting for the majority of that drop.

Trading by insiders is also under scrutiny. On Jan. 27, 2025, just days after the upbeat Q1 results, CAO Anthony Cassella and Director Clint Moore sold a combined 8,100 shares at prices above $30 per share, totaling approximately $249,000. These sales occurred near recent highs and before the negative trends were fully disclosed.

Additionally, MarineMax’s management repeatedly emphasized diversification into marinas and other higher-margin segments as a buffer for core retail weakness. However, by the third quarter, even gross margin fell to 30.4%, suggesting earlier claims of resilience may have been overstated.

The investigation is also considering whether MarineMax’s executives, including CEO Brett McGill and CAO Cassella, were aware of the worsening demand and failed to disclose this information to investors in a timely manner. The abrupt shift from optimistic forecasts to a dramatic guidance cut and goodwill impairment may indicate that management was at least recklessly disregarding known risks.

Investors who purchased MarineMax shares during the class period and held through the July 24, 2025 disclosure may have suffered losses of approximately $4.61 per share, with aggregate damages potentially reaching tens of millions of dollars.

Your Rights and Next Steps

This is an active investigation into potential securities law violations at MarineMax. No lawsuit has been filed at this stage, but lawyers are gathering information from investors who may have been harmed by the company’s allegedly misleading statements or omissions.

It is important to act promptly, as securities investigations are time-sensitive and may lead to the filing of a class action lawsuit. Participating in the investigation does not obligate you to take any further action, but it preserves your rights if a lawsuit is filed.

You May Be Entitled to Compensation

Investors who purchased MarineMax securities and suffered losses during the relevant period may be eligible to recover damages if a class action lawsuit is filed and is successful.

Time is of the essence in securities investigations, so affected investors are encouraged to complete the form below to join the investigation and protect their rights.