Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Rating of "Moderate Buy" by Brokerages

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.95.

Several research analysts have issued reports on MCW shares. Robert W. Baird increased their price target on Mister Car Wash from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. JPMorgan Chase & Co. started coverage on shares of Mister Car Wash in a research note on Friday, February 16th. They issued a "neutral" rating and a $9.50 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Mister Car Wash in a report on Wednesday, January 10th. They set an "overweight" rating and a $11.00 target price for the company. Finally, Mizuho started coverage on shares of Mister Car Wash in a research report on Tuesday, March 19th. They set a "buy" rating and a $11.00 price objective for the company.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 37,152 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.35, for a total value of $310,219.20. Following the sale, the insider now owns 75,515 shares of the company's stock, valued at approximately $630,550.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Joseph Duane Matheny sold 37,152 shares of the firm's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.35, for a total value of $310,219.20. Following the completion of the sale, the insider now directly owns 75,515 shares of the company's stock, valued at approximately $630,550.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 4,857 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $7.69, for a total value of $37,350.33. Following the completion of the transaction, the chief financial officer now owns 33,933 shares of the company's stock, valued at approximately $260,944.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 215,617 shares of company stock valued at $1,802,136. 71.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Mister Car Wash by 275.3% in the third quarter. BlackRock Inc. now owns 10,269,758 shares of the company's stock worth $88,113,000 after purchasing an additional 7,533,182 shares in the last quarter. Crow s Nest Holdings LP grew its position in shares of Mister Car Wash by 221.1% during the 1st quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company's stock worth $55,976,000 after buying an additional 2,606,011 shares in the last quarter. Wasatch Advisors Inc. increased its stake in shares of Mister Car Wash by 23.5% during the first quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company's stock valued at $147,741,000 after buying an additional 1,899,664 shares during the period. Brown Advisory Inc. raised its holdings in shares of Mister Car Wash by 14.4% in the fourth quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company's stock valued at $116,948,000 after acquiring an additional 1,706,435 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Mister Car Wash by 24.8% in the third quarter. Vanguard Group Inc. now owns 7,675,380 shares of the company's stock worth $65,855,000 after acquiring an additional 1,525,592 shares during the period.

Mister Car Wash Trading Up 0.5 %

Shares of MCW stock traded up $0.04 during trading hours on Tuesday, hitting $6.99. 1,212,136 shares of the company were exchanged, compared to its average volume of 1,392,393. The company has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $7.44. The firm has a market cap of $2.20 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.18 and a beta of 1.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.31 and a current ratio of 0.36. Mister Car Wash has a fifty-two week low of $4.80 and a fifty-two week high of $10.07.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. The company had revenue of $230.14 million during the quarter, compared to the consensus estimate of $230.89 million. Equities analysts anticipate that Mister Car Wash will post 0.28 EPS for the current year.

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.