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

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been given an average rating of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.1042.

Several analysts have recently commented on MCW shares. Morgan Stanley set a $7.00 price objective on shares of Mister Car Wash in a research report on Thursday, February 19th. Raymond James Financial downgraded shares of Mister Car Wash from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 20th. Stephens raised their price objective on shares of Mister Car Wash from $6.25 to $7.50 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. William Blair downgraded shares of Mister Car Wash from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company downgraded shares of Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price objective for the company. in a research report on Wednesday, February 18th.

Institutional Trading of Mister Car Wash

Hedge funds have recently bought and sold shares of the business. Quarry LP grew its position in Mister Car Wash by 65.7% in the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock valued at $41,000 after purchasing an additional 3,016 shares during the period. EverSource Wealth Advisors LLC grew its position 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 valued at $42,000 after purchasing an additional 3,027 shares during the period. Russell Investments Group Ltd. grew its position in 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 during the period. PNC Financial Services Group Inc. grew its position in Mister Car Wash by 1,104.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the company’s stock valued at $46,000 after purchasing an additional 7,535 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Mister Car Wash in the 4th quarter valued at $56,000.

Mister Car Wash Stock Up 0.1%

Mister Car Wash stock opened at $6.99 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash has a 52-week low of $4.61 and a 52-week high of $7.98. The firm has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $5.85. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.65 and a beta of 1.37.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $261.24 million during the quarter, compared to analyst estimates of $262.35 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Equities analysts predict that Mister Car Wash will post 0.33 EPS for the current year.

Mister Car Wash Company Profile

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.