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

Mister Car Wash, Inc. (NYSE:MCW) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.46.

A number of research analysts have commented on MCW shares. Raymond James started coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target for the company. Morgan Stanley upped their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens lowered their price target on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group lowered their price target on Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a research report on Thursday, May 1st.

Mister Car Wash Trading Up 1.2%

NYSE MCW opened at $7.78 on Monday. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average of $7.55 and a 200-day moving average of $7.63. The firm has a market cap of $2.53 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. During the same period last year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Mister Car Wash will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 52,989 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares in the company, valued at approximately $472,323.24. This represents a 48.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 36,452 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $8.01, for a total value of $291,980.52. Following the transaction, the insider now owns 84,895 shares in the company, valued at $680,008.95. This trade represents a 30.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,599 shares of company stock worth $2,417,509. Company insiders own 69.00% of the company’s stock.

Institutional Trading of Mister Car Wash

Several hedge funds and other institutional investors have recently made changes to their positions in MCW. CWM LLC boosted its stake in Mister Car Wash by 10.1% during the 1st quarter. CWM LLC now owns 18,976 shares of the company’s stock valued at $150,000 after purchasing an additional 1,748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock valued at $392,000 after buying an additional 2,364 shares during the period. Swiss National Bank lifted its holdings in shares of Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after buying an additional 2,600 shares during the period. Bank of Montreal Can lifted its holdings in shares of Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after buying an additional 2,649 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock valued at $425,000 after buying an additional 3,255 shares during the period.

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.