Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Mister Car Wash, Inc. (NYSE:MCW) has received an average rating of "Hold" from twelve brokerages, with one sell rating, five hold ratings, and six buy ratings.
• The company's stock price objective has seen adjustments, with UBS reducing their target from $8.25 to $7.25, while Goldman Sachs set a price target of $6.25 with a sell rating.
• Mister Car Wash reported $0.11 EPS for the last quarter, missing analyst estimates, and has set its FY 2025 guidance at 0.420-0.430 EPS.

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have earned an average recommendation of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.0909.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Friday, July 18th. The Goldman Sachs Group assumed coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target for the company. Morgan Stanley cut their price target on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Mizuho decreased their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Finally, Guggenheim set a $8.00 price target on Mister Car Wash and gave the stock a "buy" rating in a research note on Monday, August 4th.

Mister Car Wash Price Performance

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

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

Insiders Place Their Bets

In other news, CEO John Lo-Minn Lai sold 41,997 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $280,959.93. Following the transaction, the chief executive officer directly owned 4,532,254 shares in the company, valued at approximately $30,320,779.26. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $61,461.03. Following the completion of the transaction, the chief financial officer owned 66,994 shares in the company, valued at $448,189.86. The trade was a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,945 shares of company stock valued at $1,588,371. Company insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Mister Car Wash by 10.1% in the first quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after buying an additional 1,748 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Mister Car Wash by 8.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,185 shares of the company's stock valued at $145,000 after buying an additional 1,821 shares during the period. Vident Advisory LLC increased its stake in Mister Car Wash by 7.8% in the second quarter. Vident Advisory LLC now owns 25,447 shares of the company's stock valued at $153,000 after acquiring an additional 1,851 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Mister Car Wash by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock valued at $392,000 after acquiring an additional 2,364 shares during the period. Finally, GAMMA Investing LLC increased its stake in Mister Car Wash by 87.4% in the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company's stock valued at $34,000 after acquiring an additional 2,632 shares during the period.

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.