Mister Car Wash, Inc. (NYSE:MCW) Given Average Rating of "Hold" by Brokerages

Key Points

• Mister Car Wash, Inc. (NYSE:MCW) has received an average consensus rating of "Hold" from twelve research firms, with one sell rating, five hold ratings, and six buy ratings.
• The company reported earnings per share (EPS) of $0.11 for the last quarter, missing estimates by $0.02, with revenues of $265.42 million, below expectations of $271.83 million.
• Mister Car Wash's current market capitalization is approximately $1.55 billion, with a 12-month share price range between $4.61 and $8.60.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has earned a consensus rating of "Hold" from the twelve research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.0909.

MCW has been the topic of a number of research reports. Mizuho lowered their price objective on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Piper Sandler lowered their price target on shares of Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. BTIG Research initiated coverage on shares of Mister Car Wash in a research note on Monday, June 30th. They set a "neutral" rating for the company. Morgan Stanley reduced their target price on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Finally, BMO Capital Markets dropped their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, August 1st.

Mister Car Wash Price Performance

MCW stock opened at $4.75 on Thursday. The firm has a 50 day moving average of $5.48 and a 200-day moving average of $6.36. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.65 and a beta of 1.46. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash has a 12-month low of $4.61 and a 12-month high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $265.42 million for the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, equities analysts expect that Mister Car Wash will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds have recently modified their holdings of MCW. Driehaus Capital Management LLC purchased a new stake in shares of Mister Car Wash during the first quarter worth about $12,415,000. The Manufacturers Life Insurance Company grew its stake in Mister Car Wash by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company's stock worth $37,063,000 after acquiring an additional 1,327,745 shares during the period. Qube Research & Technologies Ltd raised its holdings in Mister Car Wash by 91.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,955,986 shares of the company's stock valued at $11,755,000 after acquiring an additional 934,611 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Mister Car Wash in the 1st quarter valued at $6,863,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Mister Car Wash by 6.8% during the first quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock worth $104,870,000 after purchasing an additional 843,225 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.

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