Mister Car Wash, Inc. (NYSE:MCW) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.25.

Separately, UBS Group boosted their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, October 31st.

Insider Buying and Selling at Mister Car Wash

In other 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 transaction of $562,698.22. Following 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 legal filing with the SEC, which is available at this link. Also, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the sale, 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 have sold a total of 613,896 shares of company stock valued at $4,957,139 in the last 90 days. 70.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock worth $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. State Street Corp boosted its holdings in Mister Car Wash by 1.9% in the third quarter. State Street Corp now owns 3,375,939 shares of the company's stock worth $21,977,000 after purchasing an additional 63,631 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Mister Car Wash by 41.1% during the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company's stock worth $16,349,000 after buying an additional 731,366 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mister Car Wash by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company's stock valued at $13,775,000 after buying an additional 38,365 shares in the last quarter.

Mister Car Wash Price Performance

Shares of NYSE:MCW traded up $0.03 on Friday, reaching $7.07. 1,706,949 shares of the company traded hands, compared to its average volume of 1,605,117. The stock has a market capitalization of $2.28 billion, a PE ratio of 30.74, a P/E/G ratio of 2.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The company's 50 day moving average is $7.47 and its 200-day moving average is $7.03. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $9.45.

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

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.