Brokerages Set Mister Car Wash, Inc. (NYSE:MCW) PT at $9.25

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

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. UBS Group increased their price target on shares of 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 Transactions at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction 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 owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were 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 $338,199.16. This represents a 76.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock valued at $4,957,139 over the last ninety days. Insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently modified their holdings of MCW. Louisiana State Employees Retirement System grew its stake in Mister Car Wash by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock worth $332,000 after purchasing an additional 1,500 shares in the last quarter. Bessemer Group Inc. grew its stake in Mister Car Wash by 9.9% during the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after purchasing an additional 1,824 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after purchasing an additional 2,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mister Car Wash by 19.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock worth $190,000 after purchasing an additional 4,268 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Mister Car Wash during the 2nd quarter worth $31,000.

Mister Car Wash Stock Performance

Shares of NYSE:MCW opened at $8.09 on Monday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.60. The company has a 50-day moving average price of $7.08 and a 200-day moving average price of $6.96. 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 12 month low of $5.84 and a 12 month high of $9.45.

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. The company had revenue of $249.33 million for the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts anticipate that Mister Car Wash will post 0.29 EPS 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.