Mister Car Wash (NYSE:MCW) Rating Increased to Hold at Stephens

Mister Car Wash (NYSE:MCW) was upgraded by analysts at Stephens to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also issued reports on MCW. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. UBS Group lifted their target price on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.93.

Mister Car Wash Price Performance

MCW stock opened at $7.01 on Monday. The company has a market capitalization of $2.26 billion, a P/E ratio of 30.48, a PEG ratio of 1.95 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $9.45. The company has a fifty day moving average price of $7.62 and a 200-day moving average price of $7.04.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Mister Car Wash will post 0.29 EPS for the current year.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 66,122 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,707.54. The trade was a 59.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. This trade represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock worth $4,957,139 over the last three months. 70.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the period. Ariadne Wealth Management LP purchased a new stake in Mister Car Wash during the 2nd quarter worth about $73,000. Sanctuary Advisors LLC bought a new position in Mister Car Wash in the 2nd quarter worth about $112,000. 272 Capital LP bought a new position in Mister Car Wash in the 2nd quarter worth about $119,000. Finally, iSAM Funds UK Ltd grew its holdings in Mister Car Wash by 102.2% during the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after buying an additional 12,689 shares in the last quarter.

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.