Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Hold” from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.1042.

MCW has been the subject of a number of research reports. Guggenheim lowered shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a report on Wednesday, February 18th. Raymond James Financial lowered shares of Mister Car Wash from a “moderate buy” rating to a “hold” rating in a report on Friday, February 20th. William Blair lowered shares of Mister Car Wash from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. BMO Capital Markets lowered shares of Mister Car Wash from an “outperform” rating to a “hold” rating and set a $7.00 price target for the company. in a report on Thursday, February 19th. Finally, Mizuho restated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a report on Wednesday, February 18th.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $7.05 on Monday. The company has a 50 day simple moving average of $7.01 and a 200 day simple moving average of $6.06. The firm has a market cap of $2.32 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Mister Car Wash has a 1 year low of $4.61 and a 1 year high of $7.98. 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 (NYSE:MCW) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $277.91 million during the quarter, compared to analyst estimates of $274.41 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. On average, research analysts forecast that Mister Car Wash will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC raised its holdings in Mister Car Wash by 7.8% during the 2nd quarter. Vident Advisory LLC now owns 25,447 shares of the company’s stock worth $153,000 after purchasing an additional 1,851 shares during the last quarter. CWM LLC raised its holdings in Mister Car Wash by 8.8% during the 3rd quarter. CWM LLC now owns 29,719 shares of the company’s stock worth $158,000 after purchasing an additional 2,396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mister Car Wash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock valued at $444,000 after acquiring an additional 2,519 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Mister Car Wash by 3.9% in the 4th quarter. Franklin Resources Inc. now owns 70,557 shares of the company’s stock valued at $392,000 after acquiring an additional 2,621 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Mister Car Wash by 7.6% in the 2nd quarter. Jane Street Group LLC now owns 40,321 shares of the company’s stock valued at $242,000 after acquiring an additional 2,839 shares in the last quarter.

About Mister Car Wash

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.