Mister Car Wash (NYSE:MCW) Updates FY 2025 Earnings Guidance

Key Points

• Mister Car Wash (NYSE:MCW) has updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between $0.420 and $0.430, along with expected revenue of $1.0 billion to $1.1 billion.
• The company's stock traded down to $6.14, with a notable one-year high of $8.60 and a one-year low of $5.84.
• Wall Street analysts have a consensus rating of "Hold" on Mister Car Wash shares, with an average price target of $8.33, reflecting a cautious outlook on the stock's performance.

Mister Car Wash (NYSE:MCW - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.420-0.430 for the period. The company issued revenue guidance of $1.0 billion-$1.1 billion.

Mister Car Wash Stock Performance

NYSE:MCW traded down $0.07 during trading hours on Friday, reaching $5.71. The company had a trading volume of 2,985,771 shares, compared to its average volume of 1,597,432. Mister Car Wash has a 1-year low of $5.27 and a 1-year high of $8.60. The firm has a market cap of $1.85 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49. The business's 50 day moving average price is $6.45 and its 200-day moving average price is $7.22. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $271.83 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company's revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Mister Car Wash will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of analyst reports. BTIG Research initiated coverage on Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating for the company. 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 note on Thursday, April 24th. BMO Capital Markets reduced their target price on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Friday. Stifel Nicolaus reduced their target price on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group initiated coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mister Car Wash presently has a consensus rating of "Hold" and an average price target of $8.00.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 6,357 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 75,637 shares in the company, valued at approximately $463,654.81. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 4,578,350 shares of the company's stock, valued at $28,065,285.50. The trade was a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 266,355 shares of company stock valued at $1,733,596 in the last three months. Company insiders own 69.00% of the company's stock.

Institutional Trading of Mister Car Wash

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Mister Car Wash by 19.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,832 shares of the company's stock valued at $137,000 after buying an additional 3,766 shares in the last quarter. Jane Street Group LLC grew its holdings in Mister Car Wash by 191.7% in the 1st quarter. Jane Street Group LLC now owns 37,482 shares of the company's stock valued at $296,000 after buying an additional 24,633 shares in the last quarter. Millennium Management LLC grew its holdings in Mister Car Wash by 72.9% in the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company's stock valued at $12,155,000 after buying an additional 649,448 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Mister Car Wash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company's stock valued at $444,000 after buying an additional 2,519 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Mister Car Wash by 20.7% in the 1st quarter. AQR Capital Management LLC now owns 129,352 shares of the company's stock valued at $1,012,000 after buying an additional 22,152 shares in the last quarter.

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.