Mister Car Wash (NYSE:MCW) Hits New 12-Month Low - Time to Sell?

Key Points

• Mister Car Wash shares hit a new 12-month low, trading as low as $5.27, with analysts expressing mixed opinions on the stock's future performance and price targets.
• Recent earnings revealed a missed EPS estimate of $0.11 compared to the consensus of $0.13, alongside a revenue of $265.42 million, falling short of expectations.
• Insiders have recently sold significant amounts of shares, with a total of 144,836 shares being disposed of in the last three months, indicating potential concerns regarding the company's outlook.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $5.27 and last traded at $5.28, with a volume of 326280 shares trading hands. The stock had previously closed at $5.32.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a report on Thursday, July 31st. The Goldman Sachs Group started coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 target price on the stock. Piper Sandler reduced their price target on Mister Car Wash from $11.00 to $8.00 and set an "overweight" 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 for the company in a research note on Thursday, July 31st. Finally, BTIG Research assumed coverage on Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating for the company. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.09.

Mister Car Wash Stock Performance

The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.65 and a beta of 1.48. The company has a fifty day moving average of $5.87 and a two-hundred day moving average of $6.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.

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 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 net margin of 7.06% and a return on equity of 10.49%. Mister Car Wash's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, equities research analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash 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 transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 6,357 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $38,968.41. Following the completion of the sale, the chief financial officer owned 75,637 shares in the company, valued at $463,654.81. The trade was a 7.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,836 shares of company stock worth $905,262 in the last ninety days. 69.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

Several large investors have recently added to or reduced their stakes in MCW. CWM LLC lifted its holdings in Mister Car Wash by 10.1% during the first quarter. CWM LLC now owns 18,976 shares of the company's stock worth $150,000 after acquiring an additional 1,748 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Mister Car Wash by 8.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,185 shares of the company's stock worth $145,000 after buying an additional 1,821 shares during the last quarter. Vident Advisory LLC increased its position in Mister Car Wash by 7.8% in the second quarter. Vident Advisory LLC now owns 25,447 shares of the company's stock worth $153,000 after buying an additional 1,851 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mister Car Wash by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Mister Car Wash by 87.4% in 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 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.