Mister Car Wash (NYSE:MCW) Price Target Lowered to $7.00 at Wells Fargo & Company

Key Points

• Wells Fargo has lowered its price target for Mister Car Wash from $8.00 to $7.00 while maintaining an "overweight" rating, suggesting a potential upside of 36.99% from the current price.
• Other brokerages have also revised their price targets, with UBS Group setting a new target of $7.25 and claiming a "neutral" rating.
• Mister Car Wash reported quarterly earnings that fell short of analyst expectations, with a net margin of 7.06% and anticipated earnings per share of $0.33 for the current year.

Mister Car Wash (NYSE:MCW - Get Free Report) had its price target dropped by equities research analysts at Wells Fargo & Company from $8.00 to $7.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 36.99% from the company's current price.

Several other brokerages have also recently weighed in on MCW. UBS Group dropped their price target on shares of Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a research report on Thursday, July 31st. BTIG Research began coverage on shares of Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating for the company. Piper Sandler decreased 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. Mizuho decreased their price objective on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Finally, Guggenheim set a $8.00 price objective on shares of Mister Car Wash and gave the stock a "buy" rating in a report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.00.

Mister Car Wash Trading Up 6.7%

Shares of MCW opened at $5.11 on Tuesday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 23.23, a PEG ratio of 1.65 and a beta of 1.46. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $6.28. Mister Car Wash has a twelve month low of $4.61 and a twelve month high of $8.60.

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 for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $265.42 million for the quarter, compared to analysts' expectations of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, research analysts anticipate that Mister Car Wash will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCW. Avory & Company LLC increased its stake in shares of Mister Car Wash by 3,298.5% in the 1st quarter. Avory & Company LLC now owns 791,949 shares of the company's stock worth $6,248,000 after acquiring an additional 768,646 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Mister Car Wash during the 1st quarter valued at about $112,000. Principal Financial Group Inc. grew its position in Mister Car Wash by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 466,540 shares of the company's stock valued at $3,681,000 after purchasing an additional 10,404 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Mister Car Wash during the 1st quarter valued at about $314,000. Finally, Brown Advisory Inc. grew its position in Mister Car Wash by 6.8% during the 1st quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock valued at $104,870,000 after purchasing an additional 843,225 shares during 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.

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