Mister Car Wash, Inc. (NYSE:MCW) Receives Consensus Rating of "Hold" from Analysts

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.93.

MCW has been the subject of several research reports. UBS Group lifted their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Stephens began coverage on shares of Mister Car Wash in a research report on Tuesday. They issued an "equal weight" rating and a $8.00 price target on the stock.

Mister Car Wash Stock Performance

Shares of NYSE MCW traded down $0.05 during mid-day trading on Tuesday, hitting $7.05. 306,308 shares of the company were exchanged, compared to its average volume of 832,905. The stock has a 50 day simple moving average of $7.64 and a 200-day simple moving average of $7.04. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $9.45. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.61.

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

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 66,122 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 44,854 shares of the company's stock, valued at approximately $381,707.54. This trade represents a 59.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Duane Matheny sold 23,697 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total transaction of $188,865.09. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at $647,211.82. This represents a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock valued at $4,957,139 in the last three months. Corporate insiders own 70.00% of the company's stock.

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently modified their holdings of MCW. Blue Trust Inc. raised its position in shares of Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company's stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP acquired a new position in Mister Car Wash during the 2nd quarter worth $73,000. Sanctuary Advisors LLC bought a new stake in shares of Mister Car Wash in the 2nd quarter worth about $112,000. 272 Capital LP bought a new position in shares of Mister Car Wash during the second quarter worth about $119,000. Finally, iSAM Funds UK Ltd grew its stake in Mister Car Wash by 102.2% in the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company's stock worth $163,000 after purchasing an additional 12,689 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.