Mister Car Wash (NYSE:MCW – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.440-$0.470 for the period, compared to the Thomson Reuters consensus estimate of $0.470. The company issued revenue guidance of $875 million-$895 million, compared to the consensus revenue estimate of $853.90 million.
A number of research analysts have recently commented on MCW shares. Morgan Stanley upgraded shares of Mister Car Wash from an equal weight rating to an overweight rating and set a $20.00 price target on the stock in a report on Tuesday, January 18th. William Blair began coverage on shares of Mister Car Wash in a report on Wednesday, March 16th. They issued an outperform rating on the stock. Zacks Investment Research lowered Mister Car Wash from a buy rating to a hold rating in a report on Wednesday, January 12th. Stifel Nicolaus upgraded Mister Car Wash from a hold rating to a buy rating and set a $20.00 price target for the company in a research note on Friday, March 11th. Finally, BMO Capital Markets cut their price objective on shares of Mister Car Wash from $25.00 to $23.00 in a report on Friday, March 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Mister Car Wash has an average rating of Buy and an average target price of $22.80.
Shares of Mister Car Wash stock opened at $15.46 on Thursday. Mister Car Wash has a fifty-two week low of $14.36 and a fifty-two week high of $24.49. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 1.39. The firm has a 50-day simple moving average of $15.74 and a two-hundred day simple moving average of $16.99.
In related news, insider Casey Penn Lindsay sold 2,082 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $17.55, for a total transaction of $36,539.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 12,082 shares of company stock valued at $201,867.
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada purchased a new stake in Mister Car Wash in the 2nd quarter valued at about $68,000. UBS Group AG acquired a new position in shares of Mister Car Wash in the 3rd quarter worth approximately $75,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Mister Car Wash by 99.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,392 shares of the company’s stock worth $80,000 after acquiring an additional 2,189 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Mister Car Wash during the 4th quarter worth approximately $205,000. Finally, Susquehanna International Group LLP increased its holdings in Mister Car Wash by 7,247.7% in the 4th quarter. Susquehanna International Group LLP now owns 12,638 shares of the company’s stock valued at $230,000 after purchasing an additional 12,466 shares during the last quarter. 96.68% of the stock is currently owned by institutional investors.
Mister Car Wash Company Profile (Get Rating)
Mister Car Wash, Inc provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company also provides related automotive services, including quick lube services and gasoline sales. As of March 31, 2021, it operated 344 car wash locations in 21 states, which include 263 express exterior locations and 81 interior cleaning locations.
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