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Stock impact report

Q2 Earnings Highlights: OneWater (NASDAQ:ONEW) Vs The Rest Of The Automotive and Marine Retail Stocks [Yahoo! Finance]

OneWater Marine Inc. - Class A (ONEW) 
Company Research Source: Yahoo! Finance
At their essence, cars and boats get you from point A to point B, but the former is usually a necessity in everyday life while the latter is a luxury or leisure product. The retailers that sell these vehicles therefore cater to different needs and populations. There are also retailers that may not sell cars and boats themselves but the parts and accessories needed to keep these complex machines in tip top shape. The 11 automotive and marine retail stocks we track reported a mixed Q2. As a group, revenues were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 2.5% on average since the latest earnings results. OneWater (NASDAQ:ONEW) A public company since early 2020, OneWater Marine (NASDAQ:ONEW) sells boats, yachts, and other marine products. OneWater reported revenues of $552.9 million, up 1.9% year on year. This print exceeded analysts' expectations by 4%. Despite the top-line beat, it was still Show less Read more
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