Mister Car Wash (NYSE:MCW – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.440-$0.470 for the period, compared to the Thomson Reuters consensus EPS 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 firms have recently issued reports on MCW. Morgan Stanley raised shares of Mister Car Wash from an equal weight rating to an overweight rating and set a $20.00 price objective for the company 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 set an outperform rating for the company. Zacks Investment Research downgraded shares of Mister Car Wash from a buy rating to a hold rating in a report on Wednesday, January 12th. Stifel Nicolaus raised shares of Mister Car Wash from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Friday, March 11th. Finally, BMO Capital Markets dropped their price objective on shares of Mister Car Wash from $25.00 to $23.00 in a report on Friday, March 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $22.80.
Mister Car Wash stock opened at $15.27 on Thursday. The firm has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $16.91. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.45 and a quick ratio of 0.40. Mister Car Wash has a twelve month low of $14.36 and a twelve month high of $24.49.
In related news, insider Casey Penn Lindsay sold 5,000 shares of the business’s stock in a transaction dated Monday, January 24th. The shares were sold at an average price of $16.56, for a total transaction of $82,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 12,082 shares of company stock worth $201,867 in the last quarter.
Several large investors have recently bought and sold shares of MCW. Morgan Stanley bought a new position in Mister Car Wash during the second quarter valued at approximately $242,000. Royal Bank of Canada bought a new position in Mister Car Wash during the second quarter valued at approximately $68,000. Bank of America Corp DE bought a new position in Mister Car Wash during the second quarter valued at approximately $969,000. Invesco Ltd. bought a new position in Mister Car Wash during the third quarter valued at approximately $676,000. Finally, UBS Group AG bought a new position in Mister Car Wash during the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
Mister Car Wash Company Profile (Get Rating)
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. As of December 31, 2021, it operated 396 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.
- Get a free copy of the StockNews.com research report on Mister Car Wash (MCW)
- 3 Legendary Low-Beta Stocks Set to Outperform
- Affirm Stock Has Affirmed a Bottom
- 3 Ways to Invest in 5G Growth
- Sell-Side Activity Drives Proctor & Gamble Higher
- Google Upgraded Ahead Of Earnings
Receive News & Ratings for Mister Car Wash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mister Car Wash and related companies with MarketBeat.com's FREE daily email newsletter.