Mister Car Wash (NYSE:MCW) Sets New 12-Month Low - Here's What Happened

Key Points

• Mister Car Wash (NYSE:MCW) shares hit a new 52-week low, trading as low as $5.26, with the last trade at $5.30.
• Analysts have downgraded the stock, with price targets ranging from $7.25 to $9.00 and a consensus rating of "Hold."
• The company reported a quarterly EPS of $0.11, missing estimates, and set its FY 2025 guidance at $0.420-0.430 EPS.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $5.26 and last traded at $5.30, with a volume of 163806 shares trading hands. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Morgan Stanley dropped their price target on shares of Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. UBS Group dropped their price target on shares of Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Guggenheim set a $8.00 price target on shares of Mister Car Wash and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, Piper Sandler dropped 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 report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mister Car Wash has a consensus rating of "Hold" and a consensus target price of $8.09.

Mister Car Wash Stock Performance

The firm's 50 day moving average price is $5.81 and its 200-day moving average price is $6.67. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.65 and a beta of 1.48. 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 data on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company 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 company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently bought and sold shares of MCW. GAMMA Investing LLC boosted its stake 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 boosted its stake in Mister Car Wash by 75.5% during the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company's stock worth $42,000 after buying an additional 3,027 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 5,659 shares in the last quarter. Entropy Technologies LP acquired a new stake in Mister Car Wash during the second quarter worth $72,000. Finally, Quantinno Capital Management LP acquired a new stake in Mister Car Wash during the fourth quarter worth $77,000.

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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