Mister Car Wash (NYSE:MCW) Posts Earnings Results, Beats Estimates By $0.01 EPS

Mister Car Wash (NYSE:MCWGet Free Report) announced its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01, Briefing.com reports. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.00 on Wednesday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.65 and a beta of 1.46. The business has a 50-day moving average of $5.80 and a two-hundred day moving average of $5.51. Mister Car Wash has a fifty-two week low of $4.61 and a fifty-two week high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Analyst Upgrades and Downgrades

MCW has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $9.00 price objective on shares of Mister Car Wash in a report on Thursday, October 30th. UBS Group dropped their price target on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Piper Sandler lowered shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Friday, October 24th. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Finally, Stephens raised their price objective on shares of Mister Car Wash from $6.25 to $7.50 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.25.

Check Out Our Latest Stock Report on Mister Car Wash

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently added to or reduced their stakes in MCW. Dimensional Fund Advisors LP lifted its position in Mister Car Wash by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,607,392 shares of the company’s stock worth $36,738,000 after acquiring an additional 559,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Mister Car Wash by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock worth $37,063,000 after buying an additional 1,327,745 shares in the last quarter. State Street Corp raised its holdings in shares of Mister Car Wash by 2.6% in the fourth quarter. State Street Corp now owns 3,633,753 shares of the company’s stock valued at $20,204,000 after buying an additional 92,304 shares during the last quarter. Millennium Management LLC lifted its holdings in Mister Car Wash by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,641,893 shares of the company’s stock worth $14,081,000 after buying an additional 579,213 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Mister Car Wash by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,619,984 shares of the company’s stock valued at $14,570,000 after acquiring an additional 32,749 shares during the period.

More Mister Car Wash News

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Mister Car Wash Company Profile

(Get Free Report)

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.

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Earnings History for Mister Car Wash (NYSE:MCW)

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