Mister Car Wash, Inc. (NYSE:MCW) Given Average Recommendation of “Moderate Buy” by Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.25.

Separately, UBS Group boosted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st.

Insider Activity at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the sale, the insider now owns 81,206 shares in the company, valued at $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $338,199.16. The trade was a 76.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock valued at $4,957,139 in the last ninety days. Corporate insiders own 70.00% of the company’s stock.

Hedge Funds Weigh In On Mister Car Wash

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

Mister Car Wash Stock Down 1.1 %

Shares of MCW opened at $8.00 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $9.45. The business’s 50 day moving average is $7.17 and its 200 day moving average is $6.97. The company has a market capitalization of $2.58 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The business had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Research analysts expect that Mister Car Wash will post 0.29 earnings per share for the current fiscal 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.