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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mister Car Wash in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 1-year price objectives for Mister Car Wash's shares. Their MCW share price forecasts range from $7.00 to $12.00. On average, they predict the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 84.2% from the stock's current price.
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Mister Car Wash's stock was trading at $9.23 at the beginning of the year. Since then, MCW stock has decreased by 41.2% and is now trading at $5.43.
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Mister Car Wash saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 12,060,000 shares, a drop of 23.5% from the July 31st total of 15,760,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 7.7 days. Approximately 14.0% of the shares of the stock are sold short.
View Mister Car Wash's Short Interest.

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 results on Thursday, August, 3rd. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $236.89 million for the quarter, compared to analyst estimates 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 updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided 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 IPO 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 variety 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 $5.43.

Mister Car Wash (NYSE:MCW) has a market capitalization of $1.70 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.