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

Shares of Mister Car Wash, Inc. (NYSE:MCWGet Free Report) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.50.

A number of equities analysts recently weighed in on MCW shares. The Goldman Sachs Group lifted their price target on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research note on Thursday, August 1st. UBS Group lifted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday.

Check Out Our Latest Stock Report on Mister Car Wash

Mister Car Wash Stock Performance

Shares of NYSE MCW traded up $0.86 during midday trading on Thursday, hitting $7.51. 4,598,673 shares of the company’s stock were exchanged, compared to its average volume of 1,647,284. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $9.45. The firm has a market cap of $2.42 billion, a P/E ratio of 34.14, a PEG ratio of 1.93 and a beta of 1.64. The stock’s 50 day moving average price is $6.46 and its 200-day moving average price is $6.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25.

Mister Car Wash (NYSE:MCWGet Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. Equities research analysts anticipate that Mister Car Wash will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Mister Car Wash by 26.8% during the third quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock valued at $281,000 after acquiring an additional 9,100 shares during the period. SG Americas Securities LLC acquired a new position in Mister Car Wash in the 3rd quarter valued at approximately $331,000. Sanctuary Advisors LLC bought a new stake in shares of Mister Car Wash in the 2nd quarter worth approximately $112,000. Finally, Ariadne Wealth Management LP bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $73,000.

About Mister Car Wash

(Get Free Report

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.

See Also

Analyst Recommendations for Mister Car Wash (NYSE:MCW)

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