Mister Car Wash, Inc. (NYSE:MCW) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.25.

Several analysts have commented on MCW shares. UBS Group lifted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a "sell" rating in a research note on Thursday, August 1st.

Mister Car Wash Stock Performance

MCW stock traded up $0.20 during trading on Monday, reaching $8.20. The company had a trading volume of 2,000,682 shares, compared to its average volume of 1,646,726. The firm has a 50-day simple moving average of $7.05 and a 200-day simple moving average of $6.96. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $9.45.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analysts' expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. As a group, sell-side analysts expect that Mister Car Wash will post 0.29 earnings per share for the current year.

Insider Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 66,122 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $381,707.54. The trade was a 59.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now owns 81,206 shares of the company's stock, valued at approximately $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 in the last three months. Company insiders own 70.00% of the company's stock.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Mister Car Wash by 281.2% in the 3rd quarter. Barclays PLC now owns 179,013 shares of the company's stock worth $1,165,000 after acquiring an additional 132,051 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mister Car Wash by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company's stock worth $13,775,000 after acquiring an additional 38,365 shares in the last quarter. XTX Topco Ltd purchased a new stake in Mister Car Wash in the 3rd quarter worth $381,000. iSAM Funds UK Ltd increased its holdings in Mister Car Wash by 102.2% in the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company's stock worth $163,000 after acquiring an additional 12,689 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Mister Car Wash by 305.7% in the 3rd quarter. Jane Street Group LLC now owns 99,099 shares of the company's stock worth $645,000 after acquiring an additional 74,673 shares in the last quarter.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.