Mister Car Wash (NYSE:MCW) Sets New 52-Week Low - What's Next?

Key Points

• Mister Car Wash set a new 52-week low at $4.70, closing slightly higher at $4.73 with a trading volume of 824,811 shares.
• Several analysts have downgraded their price targets for Mister Car Wash, with consensus rating now at "Hold" and an average target price of $8.09.
• The company's latest earnings report revealed an EPS of $0.11, missing estimates, while revenue increased by 4.1% year-over-year to $265.42 million.

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.70 and last traded at $4.73, with a volume of 824811 shares trading hands. The stock had previously closed at $4.72.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCW. BMO Capital Markets dropped their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Guggenheim set a $8.00 price target on Mister Car Wash and gave the stock a "buy" rating in a research note on Monday, August 4th. Wells Fargo & Company dropped their price target on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, July 18th. Morgan Stanley dropped their price target on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Finally, Piper Sandler dropped their price target on 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's stock. Based on data from MarketBeat, Mister Car Wash currently has a consensus rating of "Hold" and an average target price of $8.09.

Mister Car Wash Trading Down 0.5%

The company has a market capitalization of $1.54 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a fifty day moving average price of $5.53 and a 200-day moving average price of $6.40.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results 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 business had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors have recently modified their holdings of the business. CWM LLC raised its position in shares of Mister Car Wash by 10.1% in the first quarter. CWM LLC now owns 18,976 shares of the company's stock worth $150,000 after buying an additional 1,748 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 in the last quarter. Vident Advisory LLC raised its position in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company's stock worth $444,000 after buying an additional 2,519 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of 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 in 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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