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 rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.1458.

A number of research analysts recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $8.00 target price on shares of Mister Car Wash in a report on Thursday, October 30th. The Goldman Sachs Group set a $5.25 target price on shares of Mister Car Wash in a report on Friday, October 31st. Zacks Research raised shares of Mister Car Wash from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Mizuho set a $8.00 price target on Mister Car Wash in a report on Thursday, October 30th.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in 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 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 buying an additional 3,027 shares during the period. Quarry LP increased its position in shares of Mister Car Wash by 65.7% in 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. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 8,217 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Mister Car Wash by 140.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after acquiring an additional 5,659 shares during the period.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $5.86 on Friday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.65 and a beta of 1.46. 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 stock’s 50 day moving average price is $5.58 and its 200 day moving average price is $5.59.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $263.42 million during the quarter, compared to analyst estimates of $261.47 million. During the same period last year, the company posted $0.09 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate 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.