Mister Car Wash, Inc. (NYSE:MCW - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.23 and last traded at $5.33, with a volume of 1130139 shares changing hands. The stock had previously closed at $5.34.
Analyst Ratings Changes
MCW has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a report on Thursday, July 31st. Mizuho decreased their price target on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. BTIG Research initiated coverage on shares of Mister Car Wash in a report on Monday, June 30th. They set a "neutral" rating on the stock. BMO Capital Markets reduced their target price on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Mister Car Wash in a report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 target price on the stock. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.09.
View Our Latest Stock Report on MCW
Mister Car Wash Stock Performance
The stock's 50 day moving average price is $5.71 and its 200 day moving average price is $6.59. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The company has a market capitalization of $1.74 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48.
Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 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 firm had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. During the same period in the prior year, the company posted $0.11 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, 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
Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Mister Car Wash by 87.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company's stock valued at $34,000 after purchasing an additional 2,632 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Mister Car Wash by 75.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company's stock valued at $42,000 after acquiring an additional 3,027 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Mister Car Wash by 140.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company's stock valued at $58,000 after acquiring an additional 5,659 shares during the period. Entropy Technologies LP acquired a new position in shares of Mister Car Wash during the 2nd quarter valued at $72,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Mister Car Wash by 105.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,213 shares of the company's stock valued at $79,000 after acquiring an additional 6,784 shares during the period.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mister Car Wash, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mister Car Wash wasn't on the list.
While Mister Car Wash currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
