Mister Car Wash (MCW) Projected to Post Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is projected to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $248.46 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Mister Car Wash Trading Down 0.6 %

Shares of Mister Car Wash stock opened at $7.89 on Monday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.63. 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 50-day simple moving average of $7.46 and a 200 day simple moving average of $7.13. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $9.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley dropped their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price for the company. Finally, UBS Group increased 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 report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.36.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at $653,708.30. This represents a 47.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 70.00% of the company’s stock.

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.