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

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.46.

MCW has been the topic of a number of analyst reports. UBS Group lowered their price objective on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley lifted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Raymond James assumed coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price on the stock. Finally, Stephens decreased their target price 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.

Mister Car Wash Stock Performance

Shares of MCW stock traded up $0.02 during trading hours on Monday, reaching $7.09. 1,223,763 shares of the company traded hands, compared to its average volume of 1,543,893. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market cap of $2.30 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.65 and a beta of 1.58. The firm has a 50-day moving average price of $7.49 and a 200 day moving average price of $7.61.

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 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%. During the same quarter in the previous year, the company posted $0.08 EPS. The company's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the sale, the chief executive officer now owns 4,479,420 shares of the company's stock, valued at $37,806,304.80. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,259. The trade was a 48.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,267 shares of company stock valued at $2,242,916. 69.00% of the stock is owned by company insiders.

Institutional Trading of Mister Car Wash

A number of large investors have recently added to or reduced their stakes in MCW. JPMorgan Chase & Co. increased its stake in Mister Car Wash by 54.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock worth $763,000 after acquiring an additional 41,390 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock worth $355,000 after acquiring an additional 5,702 shares during the last quarter. Blue Trust Inc. increased its stake in Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after acquiring an additional 5,032 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Mister Car Wash by 74.0% in the 4th quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company's stock worth $486,000 after acquiring an additional 28,358 shares during the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Mister Car Wash during the 4th quarter valued at approximately $692,000.

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.