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

Mister Car Wash, Inc. (NYSE:MCW) has received an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.93.

Several equities research analysts recently weighed in on the stock. Stephens started coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. UBS Group raised their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th.

Insider Buying and Selling at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 362,658 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total value of $2,981,048.76. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $368,699.88. This represents a 88.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. This trade represents a 15.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors raised its position in Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock valued at $355,000 after purchasing an additional 5,702 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Mister Car Wash by 26.8% in the third quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock valued at $281,000 after buying an additional 9,100 shares during the last quarter. Ariadne Wealth Management LP bought a new position in shares of Mister Car Wash in the second quarter valued at about $73,000. Finally, Victory Capital Management Inc. lifted its position in Mister Car Wash by 19.5% during the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after buying an additional 10,377 shares in the last quarter.

Mister Car Wash Stock Up 1.0 %

Shares of MCW stock opened at $7.12 on Tuesday. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $7.05. The firm has a market cap of $2.29 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.61. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. Mister Car Wash has a 12 month low of $5.84 and a 12 month high of $9.45.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. On average, equities analysts predict 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.