Analysts Set Mister Car Wash, Inc. (NYSE:MCW) Target Price at $9.08

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.93.

MCW has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group boosted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Stephens started coverage on shares of Mister Car Wash in a research report on Tuesday. They set an “equal weight” rating and a $8.00 target price for the company.

Mister Car Wash Price Performance

Shares of MCW stock opened at $7.05 on Tuesday. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $9.45. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $7.04. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.54 and a beta of 1.61.

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 the consensus estimate of $0.07 by $0.02. The business had revenue of $249.33 million for 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. On average, analysts predict that Mister Car Wash will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. This trade represents a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 66,122 shares of Mister Car Wash stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $381,707.54. This trade represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 613,896 shares of company stock worth $4,957,139 in the last three months. Corporate insiders own 70.00% of the company’s stock.

Institutional Trading of Mister Car Wash

Institutional investors and hedge funds have recently bought and sold shares of the business. Arkadios Wealth Advisors increased its stake 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 worth $355,000 after acquiring an additional 5,702 shares during the period. Blue Trust Inc. grew its position in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Mister Car Wash by 26.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock valued at $281,000 after buying an additional 9,100 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in shares of Mister Car Wash in the 2nd quarter valued at about $73,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Mister Car Wash by 19.5% in the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after buying an additional 10,377 shares during 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.