Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.95.

A number of analysts recently commented on the company. Mizuho assumed coverage on Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price target on the stock. JPMorgan Chase & Co. began coverage on Mister Car Wash in a research note on Friday, February 16th. They set a “neutral” rating and a $9.50 target price on the stock. Robert W. Baird increased their price target on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company initiated coverage on shares of Mister Car Wash in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $11.00 price objective on the stock.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $6.95 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31. The firm has a 50-day moving average of $8.02 and a 200-day moving average of $7.43. Mister Car Wash has a one year low of $4.80 and a one year high of $10.07. The company has a market cap of $2.19 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.18 and a beta of 1.65.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. The firm had revenue of $230.14 million during the quarter, compared to analysts’ expectations of $230.89 million. Equities research analysts forecast that Mister Car Wash will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $8.98, for a total value of $667,249.92. Following the completion of the transaction, the insider now owns 75,515 shares in the company, valued at $678,124.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mister Car Wash news, COO Mayra Idali Chimienti sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now owns 270,523 shares in the company, valued at approximately $1,907,187.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $8.98, for a total transaction of $667,249.92. Following the completion of the sale, the insider now directly owns 75,515 shares in the company, valued at $678,124.70. The disclosure for this sale can be found here. Insiders have sold a total of 215,617 shares of company stock valued at $1,802,136 over the last three months. 71.20% of the stock is currently owned by insiders.

Institutional Trading of Mister Car Wash

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Mister Car Wash by 25.7% in the first quarter. JPMorgan Chase & Co. now owns 22,357 shares of the company’s stock worth $331,000 after purchasing an additional 4,571 shares during the period. Bank of New York Mellon Corp increased its stake in Mister Car Wash by 16.4% in the 1st quarter. Bank of New York Mellon Corp now owns 184,107 shares of the company’s stock worth $2,723,000 after acquiring an additional 25,960 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Mister Car Wash by 19.9% in the 1st quarter. Citigroup Inc. now owns 15,536 shares of the company’s stock valued at $229,000 after acquiring an additional 2,583 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Mister Car Wash during the 1st quarter valued at about $165,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Mister Car Wash during the first quarter worth about $63,000.

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.