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

Mister Car Wash, Inc. (NYSE:MCW) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.25.

Several equities research analysts have issued reports on MCW shares. UBS Group lifted their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target 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.

Mister Car Wash Stock Up 4.6 %

MCW stock opened at $8.34 on Thursday. 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 52 week low of $5.84 and a 52 week high of $9.45. The stock has a market capitalization of $2.69 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The firm has a 50 day moving average of $6.55 and a 200 day moving average of $6.86.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Mister Car Wash will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction on 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at $338,199.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,116 shares of company stock worth $1,413,392. 70.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its position in Mister Car Wash by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock valued at $332,000 after acquiring an additional 1,500 shares during the period. Texas Permanent School Fund Corp grew its position in Mister Car Wash by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock valued at $618,000 after acquiring an additional 1,581 shares during the period. Bessemer Group Inc. grew its position in Mister Car Wash by 9.9% in the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after acquiring an additional 1,824 shares during the period. Price T Rowe Associates Inc. MD grew its position in Mister Car Wash by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after acquiring an additional 2,479 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock valued at $190,000 after acquiring an additional 4,268 shares during the period.

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.