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

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

Several brokerages have weighed in on MCW. The Goldman Sachs Group boosted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. UBS Group upped 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.

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 23,697 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Duane Matheny sold 23,697 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total transaction of $188,865.09. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,116 shares of company stock worth $1,413,392 over the last 90 days. 70.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after purchasing an additional 3,640,862 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Mister Car Wash by 64.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after purchasing an additional 535,873 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Mister Car Wash by 23.4% during the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after buying an additional 337,272 shares during the period. Vanguard Group Inc. raised its stake in Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after buying an additional 315,679 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in Mister Car Wash during the first quarter worth $2,003,000.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $8.34 on Thursday. 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 stock has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $6.86. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $9.45. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Analysts anticipate that Mister Car Wash will post 0.28 earnings per share for the current year.

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.