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

Key Points

• Mister Car Wash, Inc. (NYSE: MCW) has received a consensus rating of "Hold" from twelve brokerages, with one sell rating, five holds, and six buy ratings.
• The average 12-month price objective for the stock is $8.09, but several firms have recently reduced their target prices, with UBS Group lowering it from $8.25 to $7.25.
• Insiders, including CEO John Lo-Minn Lai and CFO Jedidiah Marc Gold, have sold shares recently, indicating a combined sale of 144,836 shares valued at approximately $905,262 in the last quarter.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has received a consensus recommendation of "Hold" from the twelve analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.0909.

A number of brokerages recently issued reports on MCW. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the stock a "buy" rating in a research report on Monday, August 4th. BTIG Research began coverage on Mister Car Wash in a research note on Monday, June 30th. They set a "neutral" rating on the stock. Stifel Nicolaus cut their target price on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a research note on Thursday, July 31st. Piper Sandler lowered their price objective on shares of Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price objective for the company.

Mister Car Wash Stock Down 0.3%

Shares of Mister Car Wash stock traded down $0.02 on Friday, hitting $5.43. The company had a trading volume of 735,415 shares, compared to its average volume of 1,566,849. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.65 and a beta of 1.48. 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 stock has a 50 day moving average of $5.85 and a 200-day moving average of $6.69. Mister Car Wash has a 1 year low of $5.27 and a 1 year high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results 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 net margin of 7.06% and a return on equity of 10.49%. The business had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. During the same period in the prior year, the company earned $0.11 earnings per share. The business's revenue 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. As a group, sell-side analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current year.

Insider Buying and Selling at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 6,357 shares of the stock in a transaction 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 of the company's stock, valued at $463,654.81. This represents a 7.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Lo-Minn Lai sold 33,904 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $207,831.52. Following the completion of the sale, the chief executive officer owned 4,578,350 shares of the company's stock, valued at $28,065,285.50. This trade represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,380 shares of company stock worth $259,789 over the last three months. Insiders own 69.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MCW. CWM LLC increased its holdings in Mister Car Wash by 10.1% during 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 increased its holdings in Mister Car Wash by 8.1% during 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 holdings in Mister Car Wash by 7.8% during the second quarter. Vident Advisory LLC now owns 25,447 shares of the company's stock valued at $153,000 after buying an additional 1,851 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock valued at $392,000 after buying an additional 2,364 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Mister Car Wash by 87.4% during the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company's stock valued at $34,000 after buying an additional 2,632 shares during the period.

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.