Analysts Set Mister Car Wash, Inc. (NYSE:MCW) PT at $9.25

Shares of Mister Car Wash, Inc. (NYSE:MCW) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.25.

Separately, UBS Group upped their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 613,896 shares of company stock worth $4,957,139. Insiders own 70.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MCW. Barclays PLC grew its position in Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock valued at $1,165,000 after acquiring an additional 132,051 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mister Car Wash by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after purchasing an additional 38,365 shares during the period. XTX Topco Ltd acquired a new stake in Mister Car Wash during the 3rd quarter worth approximately $381,000. iSAM Funds UK Ltd raised its holdings in Mister Car Wash by 102.2% in the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after buying an additional 12,689 shares during the period. Finally, Jane Street Group LLC lifted its position in Mister Car Wash by 305.7% during the third quarter. Jane Street Group LLC now owns 99,099 shares of the company’s stock valued at $645,000 after buying an additional 74,673 shares in the last quarter.

Mister Car Wash Stock Performance

Shares of MCW opened at $7.07 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $7.48 and a two-hundred day moving average of $7.03. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $9.45. The stock has a market cap of $2.28 billion, a P/E ratio of 30.74, a PEG ratio of 1.95 and a beta of 1.61.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data 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. The firm had revenue of $249.33 million during the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. As a group, research analysts predict that Mister Car Wash will post 0.29 EPS for the current fiscal 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.