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

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.2292.

MCW has been the subject of a number of recent analyst reports. Piper Sandler cut shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $8.00 to $6.00 in a research report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Raymond James Financial reiterated an “outperform” rating and issued a $8.00 target price on shares of Mister Car Wash in a research note on Thursday, October 30th. Mizuho set a $8.00 target price on Mister Car Wash in a report on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $9.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 2,632 shares during the last quarter. Quarry LP lifted its position in shares of 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 purchasing an additional 3,016 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Mister Car Wash by 75.5% during the second 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 last quarter. Russell Investments Group Ltd. grew its stake in shares of Mister Car Wash by 18,260.0% during the third 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 during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Mister Car Wash in the third quarter valued at approximately $56,000.

Mister Car Wash Stock Down 0.9%

NYSE MCW opened at $5.70 on Tuesday. Mister Car Wash has a 1-year low of $4.61 and a 1-year high of $8.60. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.65 and a beta of 1.47. The stock’s 50 day moving average is $5.34 and its two-hundred day moving average is $5.64. 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 posted its earnings results on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business 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%.Mister Car Wash’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. Equities analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

About Mister Car Wash

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.