UBS Group Issues Positive Forecast for Mister Car Wash (NYSE:MCW) Stock Price

Mister Car Wash (NYSE:MCW) had its price objective upped by UBS Group from $7.50 to $8.00 in a research note released on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, The Goldman Sachs Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Mister Car Wash Trading Up 5.6 %

MCW stock opened at $7.93 on Thursday. Mister Car Wash has a one year low of $5.06 and a one year high of $9.45. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.30 and a beta of 1.60. The company has a fifty day moving average price of $6.50 and a two-hundred day moving average price of $6.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.25.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $249.33 million during the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Equities analysts anticipate that Mister Car Wash will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after acquiring an additional 3,640,862 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after purchasing an additional 535,873 shares during the period. Brown Brothers Harriman & Co. raised its stake in Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after purchasing an additional 337,272 shares in the last quarter. Vanguard Group Inc. lifted its position in Mister Car Wash by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after purchasing an additional 315,679 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in Mister Car Wash during the first quarter worth about $2,003,000.

About Mister Car Wash

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.