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

Mister Car Wash, Inc. (NYSE:MCW) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.25.

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

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at approximately $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 valued at $4,957,139 in the last ninety days. Company insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently made changes to their positions in MCW. nVerses Capital LLC bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its position in shares of Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $73,000. Pallas Capital Advisors LLC bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $84,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $91,000.

Mister Car Wash Stock Performance

Shares of NYSE MCW opened at $8.00 on Monday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 2.08 and a beta of 1.60. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $9.45. The stock’s 50-day moving average is $7.14 and its 200 day moving average is $6.97.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million for the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. Mister Car Wash’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, sell-side analysts anticipate 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.