Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Moderate Buy” from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.25.

Separately, UBS Group increased their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

Mister Car Wash Stock Down 2.1 %

Shares of NYSE MCW opened at $7.04 on Friday. The company has a market capitalization of $2.27 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The company has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $7.03. Mister Car Wash has a 1 year low of $5.84 and a 1 year high of $9.45.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Mister Car Wash will post 0.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Jedidiah Marc Gold sold 144,319 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 22.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock worth $4,957,139 over the last three months. Company insiders own 70.00% of the company’s stock.

Hedge Funds Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after acquiring an additional 132,051 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mister Car Wash by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after purchasing an additional 38,365 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Mister Car Wash during the third quarter worth $381,000. iSAM Funds UK Ltd increased its holdings in Mister Car Wash by 102.2% in the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after buying an additional 12,689 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Mister Car Wash by 305.7% in the third quarter. Jane Street Group LLC now owns 99,099 shares of the company’s stock valued at $645,000 after buying an additional 74,673 shares in the last quarter.

Mister Car Wash Company Profile

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.