Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Hold” from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $7.2292.

MCW has been the subject of several analyst reports. The Goldman Sachs Group set a $5.25 price target on shares of Mister Car Wash in a report on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $9.00 price objective on shares of Mister Car Wash in a research report on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Mizuho set a $8.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th. Finally, UBS Group reduced their price objective on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research report on Thursday, October 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Mister Car Wash by 87.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after purchasing an additional 2,632 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Mister Car Wash by 75.5% during the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock worth $42,000 after buying an additional 3,027 shares in the last quarter. Tower Research Capital LLC TRC grew 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 last quarter. Entropy Technologies LP acquired a new position in Mister Car Wash in the second quarter worth approximately $72,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Mister Car Wash by 105.5% in the second quarter. BNP Paribas Financial Markets now owns 13,213 shares of the company’s stock valued at $79,000 after buying an additional 6,784 shares in the last quarter.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $5.13 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash has a 12 month low of $4.61 and a 12 month high of $8.60. The company has a fifty day moving average price of $5.27 and a two-hundred day moving average price of $6.09. The company has a market cap of $1.68 billion, a PE ratio of 23.32, a P/E/G ratio of 1.65 and a beta of 1.47.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company had revenue of $263.42 million for the quarter, compared to the consensus estimate of $261.47 million. During the same period last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Research analysts expect that Mister Car Wash will post 0.33 earnings per share for the current year.

About Mister Car Wash

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.