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

Key Points

• Mister Car Wash has received a consensus rating of "Hold" from analysts, with one sell, five hold, and four buy recommendations.
• The average one-year target price for Mister Car Wash shares is $8.00, but several analysts have recently lowered their price objectives below this mark.
• In its latest earnings report, the company missed analysts' estimates with earnings per share of $0.11 against an expectation of $0.13.

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have been given an average rating of "Hold" by the twelve analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.0909.

MCW has been the subject of several recent analyst reports. UBS Group reduced their target price on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Guggenheim set a $8.00 target price on Mister Car Wash and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley reduced their target price on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Piper Sandler reduced their target price on Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Stephens reduced their target price on 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.

Mister Car Wash Stock Performance

Shares of NYSE:MCW traded up $0.12 during midday trading on Friday, reaching $5.73. 831,939 shares of the company traded hands, compared to its average volume of 1,594,210. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash has a 12 month low of $5.27 and a 12 month high of $8.60. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The firm's fifty day moving average price is $6.39 and its two-hundred day moving average price is $7.19.

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 analysts' consensus estimates of $0.13 by ($0.02). Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company had revenue of $265.42 million for the quarter, compared to the consensus estimate of $271.83 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Mister Car Wash will post 0.33 earnings per share for the current year.

Insider Activity at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 33,904 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $207,831.52. Following the completion of the sale, the chief executive officer directly owned 4,578,350 shares in the company, valued at $28,065,285.50. This represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Lyn Porter sold 6,303 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $42,167.07. Following the sale, the insider owned 23,081 shares of the company's stock, valued at $154,411.89. This represents a 21.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,355 shares of company stock worth $1,733,596 over the last three months. Corporate insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently bought and sold shares of MCW. American Century Companies Inc. boosted its holdings in Mister Car Wash by 21.5% during the 4th quarter. American Century Companies Inc. now owns 162,747 shares of the company's stock valued at $1,186,000 after acquiring an additional 28,829 shares during the period. KLP Kapitalforvaltning AS bought a new position in Mister Car Wash during the 4th quarter valued at approximately $128,000. LPL Financial LLC bought a new position in Mister Car Wash during the 4th quarter valued at approximately $102,000. JPMorgan Chase & Co. raised its position in Mister Car Wash by 136.0% during the 4th quarter. JPMorgan Chase & Co. now owns 276,533 shares of the company's stock valued at $2,016,000 after purchasing an additional 159,358 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Mister Car Wash by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 49,395 shares of the company's stock valued at $360,000 after purchasing an additional 15,640 shares during the last quarter.

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.