Mister Car Wash, Inc. (NYSE:MCW) Receives Consensus Rating of “Buy” from Analysts

Mister Car Wash, Inc. (NYSE:MCWGet Rating) has earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.67.

Several equities analysts recently issued reports on MCW shares. Zacks Investment Research lowered Mister Car Wash from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Piper Sandler lowered their price target on Mister Car Wash from $18.00 to $13.00 in a research note on Friday, May 13th. BMO Capital Markets lowered their price objective on Mister Car Wash from $23.00 to $18.00 in a research note on Friday, May 13th. William Blair started coverage on Mister Car Wash in a research note on Wednesday, March 16th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus upgraded Mister Car Wash from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, March 11th.

In other Mister Car Wash news, insider Casey Penn Lindsay sold 3,600 shares of the company’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $59,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 71.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Leonard Green & Partners L.P. increased its position in shares of Mister Car Wash by 1.9% in the 4th quarter. Leonard Green & Partners L.P. now owns 219,213,079 shares of the company’s stock valued at $3,991,870,000 after buying an additional 4,051,981 shares in the last quarter. Wasatch Advisors Inc. increased its position in shares of Mister Car Wash by 23.5% in the 1st quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company’s stock valued at $147,741,000 after buying an additional 1,899,664 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Mister Car Wash by 24.3% in the 1st quarter. Vanguard Group Inc. now owns 6,091,233 shares of the company’s stock valued at $90,088,000 after buying an additional 1,189,990 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Mister Car Wash by 2.8% in the 4th quarter. Alliancebernstein L.P. now owns 4,568,455 shares of the company’s stock valued at $83,192,000 after buying an additional 125,184 shares in the last quarter. Finally, Crow s Nest Holdings LP increased its position in shares of Mister Car Wash by 221.1% in the 1st quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company’s stock valued at $55,976,000 after buying an additional 2,606,011 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Mister Car Wash stock opened at $12.28 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.66 and a current ratio of 0.71. The business’s 50-day simple moving average is $13.51 and its 200-day simple moving average is $15.63. The firm has a market capitalization of $3.71 billion and a PE ratio of -102.33. Mister Car Wash has a 52 week low of $10.87 and a 52 week high of $24.49.

Mister Car Wash (NYSE:MCWGet Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Mister Car Wash had a negative return on equity of 3.66% and a negative net margin of 1.39%. The firm had revenue of $191.46 million for the quarter, compared to analyst estimates of $189.10 million. Research analysts forecast that Mister Car Wash will post 0.41 earnings per share for the current year.

About Mister Car Wash (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.

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