Mister Car Wash (NYSE:MCW) Stock Price Up 3.5% – Still a Buy?

Mister Car Wash, Inc. (NYSE:MCW) shares shot up 3.5% on Wednesday . The stock traded as high as $5.95 and last traded at $5.89. 963,679 shares traded hands during trading, a decline of 8% from the average session volume of 1,046,129 shares. The stock had previously closed at $5.69.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MCW shares. BMO Capital Markets reiterated an “outperform” rating and set a $9.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th. The Goldman Sachs Group set a $5.25 price target on Mister Car Wash in a research report on Friday, October 31st. Piper Sandler cut Mister Car Wash from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $6.00 in a research note on Friday, October 24th. Morgan Stanley reduced their target price on shares of Mister Car Wash from $7.50 to $6.50 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.15.

Mister Car Wash Trading Up 3.5%

The firm has a fifty day moving average of $5.55 and a two-hundred day moving average of $5.60. The company has a market cap of $1.93 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. 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 quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $263.42 million for the quarter, compared to analyst estimates of $261.47 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, sell-side analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pallas Capital Advisors LLC bought a new position in Mister Car Wash in the 4th quarter worth about $81,000. SG Americas Securities LLC grew its stake in Mister Car Wash by 8.0% during the fourth quarter. SG Americas Securities LLC now owns 46,613 shares of the company’s stock valued at $259,000 after acquiring an additional 3,438 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Mister Car Wash by 249.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 54,165 shares of the company’s stock worth $318,000 after acquiring an additional 38,660 shares during the period. GAMMA Investing LLC increased its holdings in Mister Car Wash by 65.4% during the 4th quarter. GAMMA Investing LLC now owns 11,156 shares of the company’s stock worth $62,000 after acquiring an additional 4,412 shares during the period. Finally, Tudor Investment Corp ET AL lifted its stake in Mister Car Wash by 24.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,209,493 shares of the company’s stock worth $6,447,000 after purchasing an additional 235,817 shares in the last quarter.

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.