The Goldman Sachs Group began coverage on shares of Mister Car Wash (NYSE:MCW - Free Report) in a report issued on Tuesday. The firm issued a sell rating and a $6.25 price target on the stock.
Other analysts have also recently issued research reports about the company. Stephens decreased their target price on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Raymond James started coverage on Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price for the company. Morgan Stanley boosted their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Finally, UBS Group decreased their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.50.
Check Out Our Latest Report on Mister Car Wash
Mister Car Wash Trading Up 2.3%
MCW traded up $0.15 during midday trading on Tuesday, hitting $6.57. The company's stock had a trading volume of 1,563,483 shares, compared to its average volume of 1,537,213. 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 firm has a market cap of $2.13 billion, a P/E ratio of 29.86, a PEG ratio of 1.65 and a beta of 1.56. The firm has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $7.53. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $8.60.
Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating 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%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. On average, research analysts anticipate that Mister Car Wash will post 0.33 earnings per share for the current year.
Insiders Place Their Bets
In other Mister Car Wash news, insider Joseph Duane Matheny sold 36,452 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $8.01, for a total value of $291,980.52. Following the completion of the transaction, the insider now owns 84,895 shares in the company, valued at $680,008.95. This represents a 30.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Lyn Porter sold 6,303 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the transaction, the insider now owns 23,081 shares of the company's stock, valued at approximately $154,411.89. This represents a 21.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,560 shares of company stock worth $1,576,563 in the last 90 days. 69.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Mister Car Wash
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP acquired a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $77,000. Quarry LP acquired a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $79,000. Forum Financial Management LP acquired a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $96,000. Finally, Blue Trust Inc. raised its position in shares of Mister Car Wash by 59.4% in 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 in the last quarter.
About Mister Car Wash
(
Get Free Report)
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.
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