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

Mister Car Wash, Inc. (NYSE:MCW) has earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.2292.

Several analysts have recently commented on MCW shares. BMO Capital Markets reiterated an “outperform” rating and issued a $9.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th. UBS Group lowered their target price on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Zacks Research raised Mister Car Wash from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Finally, Stephens upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $7.50 to $6.25 in a research report on Monday, October 27th.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $5.56 on Tuesday. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.65 and a beta of 1.46. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $5.62. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash has a 12 month low of $4.61 and a 12 month high of $8.60.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business had revenue of $263.42 million during the quarter, compared to analysts’ expectations of $261.47 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, equities analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current year.

Institutional Trading of Mister Car Wash

A number of hedge funds have recently bought and sold shares of MCW. Tudor Investment Corp ET AL lifted its position in Mister Car Wash by 24.2% during the third quarter. Tudor Investment Corp ET AL now owns 1,209,493 shares of the company’s stock worth $6,447,000 after buying an additional 235,817 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Mister Car Wash during the 3rd quarter valued at about $56,000. PharVision Advisers LLC lifted its holdings in shares of Mister Car Wash by 227.0% during the 3rd quarter. PharVision Advisers LLC now owns 45,428 shares of the company’s stock worth $242,000 after acquiring an additional 31,534 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Mister Car Wash by 73.7% during the 3rd quarter. Verition Fund Management LLC now owns 181,048 shares of the company’s stock worth $965,000 after acquiring an additional 76,828 shares during the period. Finally, Quarry LP boosted its position in shares of Mister Car Wash by 65.7% in the third quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after acquiring an additional 3,016 shares during the last quarter.

Mister Car Wash Company Profile

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.