Mister Car Wash (NYSE:MCW) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Mister Car Wash (NYSE:MCW - Free Report) in a report released on Tuesday. The brokerage issued a sell rating and a $6.25 price objective on the stock.

Other analysts have also issued reports about the company. Morgan Stanley boosted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Stephens reduced their price target 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. UBS Group decreased their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Raymond James assumed coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Mister Car Wash currently has a consensus rating of "Hold" and a consensus price target of $8.50.

Mister Car Wash Trading Up 0.6%

Shares of Mister Car Wash stock traded up $0.04 during trading on Tuesday, hitting $6.63. 1,694,599 shares of the company were exchanged, compared to its average volume of 1,540,214. 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 firm has a market capitalization of $2.15 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The firm's fifty day moving average price is $7.31 and its 200 day moving average price is $7.55. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.49% and a net margin of 7.06%. During the same period in the prior year, the company earned $0.08 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares in the company, valued at $472,323.24. This trade represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Duane Matheny sold 36,452 shares of Mister Car Wash stock in a transaction on Monday, March 17th. The stock was sold at an average price of $8.01, for a total transaction of $291,980.52. Following the transaction, the insider now directly owns 84,895 shares in the company, valued at $680,008.95. This represents a 30.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,560 shares of company stock valued at $1,576,563. 69.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Quantinno Capital Management LP purchased a new stake in Mister Car Wash in the 4th quarter valued at about $77,000. Quarry LP purchased a new stake in shares of Mister Car Wash during the fourth quarter worth $79,000. Forum Financial Management LP purchased a new position in shares of Mister Car Wash in the fourth quarter valued at $81,000. BNP Paribas Financial Markets bought a new stake in shares of Mister Car Wash during the 4th quarter valued at $96,000. Finally, Blue Trust Inc. raised its stake in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares during the period.

About Mister Car Wash

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.