Mister Car Wash, Inc. (NYSE:MCW) Receives $8.43 Average Target Price from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.43.

MCW has been the topic of several research reports. UBS Group upped their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Morgan Stanley increased their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Stephens started coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Finally, Raymond James began coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock.

Insider Activity at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at $37,806,304.80. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jedidiah Marc Gold sold 52,989 shares of Mister Car Wash stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total value of $451,466.28. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 360,313 shares of company stock valued at $2,995,270 over the last quarter. 70.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the 4th quarter worth approximately $77,000. Quarry LP bought a new stake in shares of Mister Car Wash during the fourth quarter worth $79,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash during the fourth quarter worth $81,000. BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash in the 4th quarter valued at $96,000. Finally, Blue Trust Inc. grew its position in Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after acquiring an additional 5,032 shares during the last quarter.

Mister Car Wash Stock Up 0.4 %

Mister Car Wash stock opened at $7.92 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company’s 50-day moving average is $7.90 and its 200-day moving average is $7.45. The firm has a market capitalization of $2.57 billion, a PE ratio of 36.00, a P/E/G ratio of 1.65 and a beta of 1.60. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $8.60.

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.