Mister Car Wash, Inc. (NYSE:MCW) Receives $9.25 Consensus PT from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.25.

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

Mister Car Wash Stock Performance

NYSE MCW opened at $7.07 on Friday. The company has a fifty day moving average of $7.48 and a two-hundred day moving average of $7.03. The company has a market capitalization of $2.28 billion, a PE ratio of 30.74, a P/E/G ratio of 1.95 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. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million during 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%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. As a group, analysts expect that Mister Car Wash will post 0.29 earnings per share for the current year.

Insider Activity

In other news, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This represents a 15.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 66,122 shares of Mister Car Wash stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at approximately $381,707.54. This trade represents a 59.58 % 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 Inflows and Outflows

Several large investors have recently bought and sold shares of MCW. Brown Brothers Harriman & Co. increased 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after acquiring an additional 3,571,675 shares during the period. AQR Capital Management LLC increased its stake in Mister Car Wash by 763.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after purchasing an additional 3,640,862 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 145,374 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in Mister Car Wash by 200.9% during the third quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock worth $3,349,000 after purchasing an additional 343,512 shares in the last quarter.

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.