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

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.25.

MCW has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. UBS Group upped their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 23,697 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total transaction of $188,865.09. Following the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 over the last 90 days. Corporate insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Mister Car Wash in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after buying an additional 7,617 shares during the period. Ariadne Wealth Management LP bought a new position in Mister Car Wash during the second quarter valued at $73,000. Pallas Capital Advisors LLC purchased a new stake in shares of Mister Car Wash in the second quarter valued at $84,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Mister Car Wash in the 2nd quarter worth about $91,000.

Mister Car Wash Stock Performance

NYSE:MCW opened at $8.00 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The stock has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $6.95. The firm has a market capitalization of $2.58 billion, a PE ratio of 34.78, a P/E/G ratio of 2.02 and a beta of 1.60. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $9.45.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Mister Car Wash will post 0.29 EPS for the current year.

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.