Mister Car Wash (MCW) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mister Car Wash in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MCW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCW, but not buy additional shares or sell existing shares.
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7 brokers have issued twelve-month price objectives for Mister Car Wash's stock. Their MCW share price forecasts range from $7.00 to $12.00. On average, they expect the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 78.9% from the stock's current price.
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Mister Car Wash's stock was trading at $9.23 at the beginning of 2023. Since then, MCW stock has decreased by 39.4% and is now trading at $5.59.
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Mister Car Wash saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 12,060,000 shares, a decline of 23.5% from the July 31st total of 15,760,000 shares. Based on an average trading volume of 1,570,000 shares, the days-to-cover ratio is currently 7.7 days. Approximately 14.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our MCW earnings forecast.

Mister Car Wash, Inc. (NYSE:MCW) issued its quarterly earnings data on Thursday, August, 3rd. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The company earned $236.89 million during the quarter, compared to the consensus estimate of $240.54 million. Mister Car Wash had a trailing twelve-month return on equity of 11.61% and a net margin of 10.06%.

Mister Car Wash issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.28-$0.32 for the period, compared to the consensus earnings per share estimate of $0.32. The company issued revenue guidance of $913.00 million-$936.00 million, compared to the consensus revenue estimate of $937.87 million.

(MCW) raised $600 million in an initial public offering on Friday, June 25th 2021. The company issued 37,500,000 shares at $15.00-$17.00 per share.

Mister Car Wash trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCW."

Mister Car Wash's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (3.91%), Brown Advisory Inc. (3.73%), BlackRock Inc. (3.48%), Woodson Capital Management LP (1.24%), State Street Corp (0.73%) and Geode Capital Management LLC (0.35%). Insiders that own company stock include Casey Penn Lindsay, Jedidiah Marc Gold, John Lo-Minn Lai, Jonathan A Seiffer, Joseph Duane Matheny, Lisa Bossard Funk and Mayra Idali Chimienti.
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Shares of MCW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCW stock can currently be purchased for approximately $5.59.

Mister Car Wash (NYSE:MCW) has a market capitalization of $1.75 billion and generates $876.51 million in revenue each year. The company earns $112.90 million in net income (profit) each year or $0.26 on an earnings per share basis.

The company employs 6,350 workers across the globe.

The official website for the company is mistercarwash.com. The company can be reached via phone at 520-615-4000 or via email at ir@mistercarwash.com.