Mister Car Wash (NYSE:MCW) Shares Gap Up on Earnings Beat

Mister Car Wash, Inc. (NYSE:MCW) shares gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $5.20, but opened at $5.79. Mister Car Wash shares last traded at $5.6850, with a volume of 724,954 shares trading hands.

The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $263.42 million during the quarter, compared to the consensus estimate of $261.47 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MCW. Morgan Stanley dropped their price objective on Mister Car Wash from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. UBS Group lowered their target price on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a report on Thursday. Raymond James Financial reissued an “outperform” rating and set a $8.00 target price on shares of Mister Car Wash in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Finally, Stifel Nicolaus decreased their price target on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating for the company in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mister Car Wash presently has an average rating of “Hold” and an average target price of $7.25.

Institutional Trading of Mister Car Wash

A number of large investors have recently bought and sold shares of MCW. GAMMA Investing LLC increased its position in Mister Car Wash by 87.4% in the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after buying an additional 2,632 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mister Car Wash by 75.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock worth $42,000 after acquiring an additional 3,027 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Mister Car Wash by 140.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock worth $58,000 after acquiring an additional 5,659 shares during the last quarter. Entropy Technologies LP purchased a new stake in Mister Car Wash in the 2nd quarter worth about $72,000. Finally, Bailard Inc. purchased a new stake in Mister Car Wash in the 3rd quarter worth about $78,000.

Mister Car Wash Price Performance

The stock has a market cap of $1.85 billion, a PE ratio of 25.64, a P/E/G ratio of 1.65 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm’s 50 day moving average price is $5.32 and its two-hundred day moving average price is $6.18.

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.