Mister Car Wash, Inc. (NYSE:MCW) Receives $7.15 Consensus Price Target from Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $7.1458.

A number of analysts have recently issued reports on MCW shares. The Goldman Sachs Group set a $5.25 price objective on shares of Mister Car Wash in a report on Friday, October 31st. Mizuho set a $8.00 price target on Mister Car Wash in a research report on Thursday, October 30th. BMO Capital Markets reiterated 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 reduced their price objective on 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. Finally, JPMorgan Chase & Co. dropped their target price on Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Friday, November 7th.

Mister Car Wash Stock Performance

NYSE:MCW opened at $5.55 on Friday. The business’s 50-day moving average price is $5.63 and its two-hundred day moving average price is $5.56. Mister Car Wash has a twelve month low of $4.61 and a twelve month high of $8.60. The stock has a market cap of $1.82 billion, a P/E ratio of 25.23, a PEG ratio of 1.65 and a beta of 1.46. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

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

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Mister Car Wash by 87.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after purchasing an additional 2,632 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Mister Car Wash by 75.5% during the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after buying an additional 3,027 shares during the last quarter. Quarry LP increased its holdings 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 buying an additional 3,016 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Mister Car Wash by 18,260.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock valued at $44,000 after acquiring an additional 8,217 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Mister Car Wash by 140.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after acquiring an additional 5,659 shares during the period.

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.