Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.25.

A number of research firms have recently weighed in on MCW. UBS Group raised their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised 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.

Mister Car Wash Stock Performance

Shares of NYSE:MCW opened at $8.00 on Monday. The firm has a 50 day moving average of $7.01 and a 200 day moving average of $6.95. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth 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 quarterly earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same period in the previous year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Mister Car Wash will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $116,362.00. Following the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jedidiah Marc Gold sold 66,122 shares of Mister Car Wash stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $381,707.54. This trade represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 613,896 shares of company stock worth $4,957,139 in the last three months. Corporate insiders own 70.00% of the company’s stock.

Hedge Funds Weigh In On Mister Car Wash

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Mister Car Wash by 763.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after acquiring an additional 3,640,862 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after purchasing an additional 145,374 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 23.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after purchasing an additional 337,272 shares during the period. GSA Capital Partners LLP grew its position in Mister Car Wash by 214.9% during the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock worth $666,000 after purchasing an additional 69,817 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after buying an additional 535,873 shares during the last quarter.

About Mister Car Wash

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.