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

Mister Car Wash, Inc. (NYSE:MCW) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.93.

A number of analysts have commented on MCW shares. Stephens began coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective for the company. Wells Fargo & Company reduced their price target 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. Finally, UBS Group lifted their price objective 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.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. This trade represents a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $338,199.16. This represents a 76.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock worth $4,957,139 over the last three months. Company insiders own 70.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCW. AQR Capital Management LLC raised its holdings 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 worth $29,155,000 after purchasing an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 6,003.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after buying an additional 3,571,675 shares during the period. State Street Corp raised its stake in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after buying an additional 63,631 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Mister Car Wash by 41.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock valued at $16,349,000 after buying an additional 731,366 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Mister Car Wash by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock valued at $13,775,000 after buying an additional 38,365 shares during the period.

Mister Car Wash Stock Performance

Shares of MCW opened at $7.12 on Tuesday. The firm has a market capitalization of $2.29 billion, a PE ratio of 30.96, a P/E/G ratio of 1.54 and a beta of 1.61. 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 firm has a 50-day moving average price of $7.54 and a 200 day moving average price of $7.05. 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 earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, sell-side analysts anticipate that Mister Car Wash will post 0.29 earnings per share for the current fiscal 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.