Mister Car Wash (NYSE:MCW) Reaches New 1-Year Low - Here's Why

Key Points

• Mister Car Wash shares have reached a new 52-week low of $5.13, significantly dropping from a previous close of $5.29.
• Analysts have downgraded their price targets for the company, with Morgan Stanley lowering it to $7.50 and UBS Group to $7.25, reflecting caution in the market.
• The company's latest quarterly earnings reported an EPS of $0.11, missing expectations by $0.02, with revenue also falling short of estimates at $265.42 million.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.13 and last traded at $5.15, with a volume of 1413149 shares traded. The stock had previously closed at $5.29.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MCW shares. Morgan Stanley cut their price objective on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a report on Thursday, July 31st. UBS Group lowered their price target on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Friday, July 18th. BTIG Research assumed coverage on shares of Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating for the company. Finally, Piper Sandler reduced their price target on shares of Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mister Car Wash has a consensus rating of "Hold" and an average price target of $8.09.

Mister Car Wash Price Performance

The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $6.50. 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 company has a market cap of $1.69 billion, a PE ratio of 23.41, a P/E/G ratio of 1.65 and a beta of 1.46.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently made changes to their positions in MCW. GAMMA Investing LLC boosted 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 worth $34,000 after buying an additional 2,632 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Mister Car Wash by 75.5% in the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company's stock valued at $42,000 after buying an additional 3,027 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Mister Car Wash by 140.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company's stock worth $58,000 after purchasing an additional 5,659 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Mister Car Wash in the second quarter valued at $72,000. Finally, BNP Paribas Financial Markets grew its holdings in Mister Car Wash by 105.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,213 shares of the company's stock valued at $79,000 after buying an additional 6,784 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.

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