Mister Car Wash, Inc. (NYSE:MCW) Receives $8.50 Average PT from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have earned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.50.

MCW has been the subject of a number of research analyst reports. UBS Group cut their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a report on Thursday, May 1st. Morgan Stanley raised their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Stephens cut their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price objective on the stock.

Insider Buying and Selling

In related news, insider Joseph Duane Matheny sold 36,452 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.01, for a total transaction of $291,980.52. Following the completion of the sale, the insider now owns 84,895 shares in the company, valued at $680,008.95. This trade represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at $472,323.24. This represents a 48.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,960 shares of company stock worth $1,571,781 in the last 90 days. 69.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MCW. Bank of Montreal Can boosted its stake in Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after purchasing an additional 2,649 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Mister Car Wash in the fourth quarter valued at about $945,000. D. E. Shaw & Co. Inc. bought a new position in shares of Mister Car Wash in the fourth quarter valued at about $577,000. Dimensional Fund Advisors LP grew its holdings in Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after acquiring an additional 958,479 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Mister Car Wash in the 4th quarter valued at about $698,000.

Mister Car Wash Stock Performance

Mister Car Wash stock traded down $0.15 during trading hours on Friday, reaching $6.32. 957,607 shares of the company were exchanged, compared to its average volume of 1,529,514. Mister Car Wash has a 12 month low of $5.84 and a 12 month high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average of $7.15 and a 200 day moving average of $7.49. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 1.65 and a beta of 1.56.

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