Mister Car Wash, Inc. (NYSE:MCW) Given Average Recommendation of “Hold” by Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.2292.

A number of brokerages recently commented on MCW. BMO Capital Markets restated an “outperform” rating and issued a $9.00 price target on shares of Mister Car Wash in a research report on Thursday, October 30th. The Goldman Sachs Group set a $5.25 price objective on shares of Mister Car Wash in a research note on Friday, October 31st. Piper Sandler lowered shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $6.00 in a report on Friday, October 24th. Mizuho set a $8.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th. Finally, Stephens upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $7.50 to $6.25 in a research report on Monday, October 27th.

Mister Car Wash Stock Down 0.6%

NYSE MCW opened at $5.25 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.65 and a beta of 1.47. The company has a 50 day moving average of $5.15 and a 200-day moving average of $5.81. Mister Car Wash has a 1-year low of $4.61 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $263.42 million for the quarter, compared to analyst estimates 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 revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts expect that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mister Car Wash

Several hedge funds and other institutional investors have recently modified their holdings of MCW. GAMMA Investing LLC lifted its position in shares of Mister Car Wash by 87.4% during the 2nd 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. Quarry LP raised its stake in Mister Car Wash by 65.7% during the third quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after acquiring an additional 3,016 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Mister Car Wash by 75.5% in the second 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. Russell Investments Group Ltd. boosted its stake in shares of Mister Car Wash by 18,260.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock valued at $44,000 after purchasing an additional 8,217 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Mister Car Wash in the 3rd quarter valued at approximately $56,000.

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.