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

Mister Car Wash, Inc. (NYSE:MCW) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.95.

A number of equities analysts have recently commented on MCW shares. Wells Fargo & Company started coverage on shares of Mister Car Wash in a report on Wednesday, January 10th. They set an “overweight” rating and a $11.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Mister Car Wash in a report on Friday, February 16th. They set a “neutral” rating and a $9.50 price target for the company. Mizuho began coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $8.98, for a total value of $667,249.92. Following the completion of the sale, the insider now owns 75,515 shares in the company, valued at approximately $678,124.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO John Lo-Minn Lai sold 23,161 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total transaction of $178,108.09. Following the completion of the sale, the chief executive officer now owns 2,622,146 shares in the company, valued at approximately $20,164,302.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $8.98, for a total transaction of $667,249.92. Following the sale, the insider now owns 75,515 shares of the company’s stock, valued at approximately $678,124.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,617 shares of company stock worth $1,802,136. 71.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in shares of Mister Car Wash during the 2nd quarter worth approximately $30,000. Clear Street Markets LLC acquired a new position in Mister Car Wash during the fourth quarter valued at approximately $36,000. ORG Partners LLC bought a new stake in Mister Car Wash in the fourth quarter valued at approximately $43,000. Ensign Peak Advisors Inc bought a new stake in Mister Car Wash in the third quarter valued at approximately $45,000. Finally, Tower Research Capital LLC TRC increased its stake in Mister Car Wash by 232.7% in the third quarter. Tower Research Capital LLC TRC now owns 9,701 shares of the company’s stock valued at $53,000 after purchasing an additional 6,785 shares in the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $6.73 on Tuesday. The firm has a fifty day moving average price of $7.89 and a two-hundred day moving average price of $7.46. The company has a market cap of $2.14 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.65. Mister Car Wash has a fifty-two week low of $4.80 and a fifty-two week high of $10.07. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $230.14 million for the quarter, compared to the consensus estimate of $230.89 million. Mister Car Wash had a return on equity of 9.81% and a net margin of 8.64%. Analysts expect that Mister Car Wash will post 0.28 EPS for the current year.

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.