Mister Car Wash, Inc. (NYSE:MCW) Receives $8.09 Average Target Price from Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.0909.

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price objective on Mister Car Wash from $11.00 to $8.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. BTIG Research started coverage on Mister Car Wash in a research note on Monday, June 30th. They set a “neutral” rating for the company. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They issued a “sell” rating and a $6.25 price target for the company. Stifel Nicolaus reduced their price objective on shares of Mister Car Wash from $8.50 to $7.50 and set a “hold” rating on the stock in a research note on Thursday, July 31st. Finally, UBS Group decreased their price objective on shares of Mister Car Wash from $8.25 to $7.25 and set a “neutral” rating for the company in a report on Thursday, July 31st.

Mister Car Wash Price Performance

Shares of MCW stock opened at $5.71 on Wednesday. The firm has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $6.96. The company has a market capitalization of $1.87 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. Mister Car Wash has a twelve month low of $5.27 and a twelve month high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities research analysts anticipate that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 6,357 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $38,968.41. Following the sale, the chief financial officer owned 75,637 shares in the company, valued at $463,654.81. This represents a 7.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $207,831.52. Following the completion of the transaction, the chief executive officer owned 4,578,350 shares of the company’s stock, valued at approximately $28,065,285.50. The trade was a 0.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,945 shares of company stock valued at $1,588,371 in the last three months. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Mister Car Wash by 87.4% during the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock valued at $34,000 after purchasing an additional 2,632 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Mister Car Wash by 75.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after purchasing an additional 3,027 shares during the period. Tower Research Capital LLC TRC increased its position in Mister Car Wash by 140.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock worth $58,000 after buying an additional 5,659 shares during the period. Quantinno Capital Management LP bought a new stake in Mister Car Wash in the fourth quarter valued at $77,000. Finally, Quarry LP acquired a new position in shares of Mister Car Wash during the fourth quarter valued at $79,000.

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.