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 ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.93.

Several analysts have issued reports on MCW shares. UBS Group boosted their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. 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 research note on Monday, January 6th. Finally, Stephens assumed coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock.

Insiders Place Their Bets

In related news, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction on Friday, November 1st. The shares were 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 owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now 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 a total of 613,896 shares of company stock valued at $4,957,139 in the last three months. Insiders own 70.00% of the company’s stock.

Institutional Trading of Mister Car Wash

A number of institutional investors and hedge funds have recently made changes to their positions in MCW. Arkadios Wealth Advisors raised its position in shares of Mister Car Wash by 13.3% in the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock valued at $355,000 after purchasing an additional 5,702 shares during the period. JPMorgan Chase & Co. grew its stake in Mister Car Wash by 54.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock valued at $763,000 after buying an additional 41,390 shares during the last quarter. Barclays PLC raised its holdings in Mister Car Wash by 281.2% in the 3rd quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after acquiring an additional 132,051 shares during the period. Geode Capital Management LLC lifted its position in Mister Car Wash by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after acquiring an additional 38,365 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Mister Car Wash during the 3rd quarter worth $381,000.

Mister Car Wash Trading Up 1.0 %

NYSE:MCW opened at $7.12 on Tuesday. The stock has a fifty day simple moving average of $7.51 and a 200 day simple moving average of $7.05. 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 market capitalization of $2.29 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.61. Mister Car Wash has a 1-year low of $5.84 and a 1-year 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 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 business had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same period last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Mister Car Wash will post 0.29 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.