Mister Car Wash, Inc. (NYSE:MCW) Receives $9.25 Consensus Price Target from Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.25.

Separately, UBS Group raised their price target on 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 Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 144,319 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the transaction, the insider now owns 81,206 shares in the company, 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. Over the last 90 days, insiders have sold 613,896 shares of company stock valued at $4,957,139. Company insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently added to or reduced their stakes in MCW. Louisiana State Employees Retirement System lifted its stake in shares of Mister Car Wash by 3.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock valued at $332,000 after purchasing an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Mister Car Wash by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after buying an additional 145,374 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock worth $190,000 after acquiring an additional 4,268 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Mister Car Wash in the 2nd quarter valued at $31,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Mister Car Wash during the 2nd quarter valued at $91,000.

Mister Car Wash Stock Up 0.6 %

MCW opened at $7.26 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.95 and a beta of 1.61. Mister Car Wash has a one year low of $5.84 and a one year high of $9.45. The business’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.03.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. 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.