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

Key Points

• Mister Car Wash, Inc. has received a consensus recommendation of "Hold" from analysts, with twelve brokerages covering the stock.
• The company's stock price target has seen adjustments, with the average target now at $8.09, while recent quarterly earnings missed estimates, reporting $0.11 EPS.
• CEO John Lo-Minn Lai recently sold a significant number of shares, indicating insider transactions amidst mixed investor sentiments towards the company.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.0909.

MCW has been the topic of several research analyst reports. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the company a "buy" rating in a research note on Monday, August 4th. Wells Fargo & Company dropped their price objective on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, July 18th. Piper Sandler dropped their price objective on Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reduced their price objective on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating for the company in a report on Thursday, July 31st. Finally, UBS Group reduced their price objective on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a report on Thursday, July 31st.

Insider Transactions at Mister Car Wash

In other news, insider Mary Lyn Porter sold 6,303 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $42,167.07. Following the completion of the sale, the insider owned 23,081 shares in the company, valued at $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $207,831.52. Following the sale, the chief executive officer owned 4,578,350 shares of the company's stock, valued at approximately $28,065,285.50. This represents a 0.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,945 shares of company stock worth $1,588,371. Insiders own 69.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MCW. Driehaus Capital Management LLC bought a new position in shares of Mister Car Wash during the first quarter worth approximately $12,415,000. Divisadero Street Capital Management LP bought a new position in shares of Mister Car Wash during the fourth quarter worth approximately $10,392,000. The Manufacturers Life Insurance Company increased its holdings in shares of Mister Car Wash by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company's stock worth $37,063,000 after purchasing an additional 1,327,745 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after purchasing an additional 958,479 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Mister Car Wash by 91.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,955,986 shares of the company's stock worth $11,755,000 after purchasing an additional 934,611 shares during the period.

Mister Car Wash Stock Performance

Shares of MCW stock traded up $0.04 on Wednesday, reaching $5.71. The stock had a trading volume of 791,714 shares, compared to its average volume of 1,582,302. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm's 50-day moving average is $6.13 and its two-hundred day moving average is $6.95. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.65 and a beta of 1.48. Mister Car Wash has a 12 month low of $5.27 and a 12 month high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released 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 business had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. Mister Car Wash's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, research analysts expect that Mister Car Wash will post 0.33 EPS for the current fiscal 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.