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

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have received an average rating of "Hold" from the seven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.50.

A number of research analysts recently weighed in on MCW shares. Raymond James Financial started coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. BTIG Research started coverage on Mister Car Wash in a research note on Monday, June 30th. They set a "neutral" rating on the stock. UBS Group dropped their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group started coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target on the stock. Finally, Stephens dropped their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th.

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 102,456 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the completion of the sale, the insider directly owned 88,196 shares of the company's stock, valued at approximately $555,634.80. The trade was a 53.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 6,357 shares of Mister Car Wash stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $38,968.41. Following the transaction, the chief financial officer directly owned 75,637 shares in the company, valued at approximately $463,654.81. This represents a 7.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 266,355 shares of company stock worth $1,733,596. Company insiders own 69.00% of the company's stock.

Institutional Trading of Mister Car Wash

A number of institutional investors and hedge funds have recently modified their holdings of MCW. Bank of New York Mellon Corp grew its position in shares of Mister Car Wash by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 699,713 shares of the company's stock valued at $5,101,000 after acquiring an additional 12,174 shares during the period. US Bancorp DE grew its holdings in Mister Car Wash by 2,317.4% during the fourth quarter. US Bancorp DE now owns 17,212 shares of the company's stock valued at $125,000 after purchasing an additional 16,500 shares during the period. Victory Capital Management Inc. grew its holdings in Mister Car Wash by 29.3% during the fourth quarter. Victory Capital Management Inc. now owns 82,186 shares of the company's stock valued at $599,000 after purchasing an additional 18,610 shares during the period. Raymond James Financial Inc. bought a new position in Mister Car Wash during the fourth quarter valued at $1,217,000. Finally, AlphaQuest LLC grew its holdings in Mister Car Wash by 218,505.6% during the fourth quarter. AlphaQuest LLC now owns 155,210 shares of the company's stock valued at $1,131,000 after purchasing an additional 155,139 shares during the period.

Mister Car Wash Trading Down 2.9%

Shares of NYSE:MCW traded down $0.20 during midday trading on Tuesday, reaching $6.62. The company's stock had a trading volume of 1,648,583 shares, compared to its average volume of 1,511,224. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.65 and a beta of 1.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.30. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. Mister Car Wash's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. As a group, analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current year.

Mister Car Wash Company Profile

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.