Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Recommendation of “Hold” by Brokerages

Mister Car Wash, Inc. (NYSE:MCWGet Rating) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.50.

MCW has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Mister Car Wash to $11.00 in a report on Wednesday, November 16th. Stifel Nicolaus lowered shares of Mister Car Wash from a “buy” rating to a “hold” rating and cut their price target for the stock from $17.00 to $10.00 in a report on Friday, October 21st. Robert W. Baird assumed coverage on shares of Mister Car Wash in a research report on Monday, October 3rd. They issued a “neutral” rating and a $10.00 price objective for the company. MKM Partners assumed coverage on shares of Mister Car Wash in a report on Tuesday, October 4th. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, Morgan Stanley cut Mister Car Wash from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $11.00 in a research report on Friday, August 12th.

Insider Activity

In related news, VP Casey Penn Lindsay sold 142,127 shares of the company’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $8.73, for a total value of $1,240,768.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 71.90% of the company’s stock.

Hedge Funds Weigh In On Mister Car Wash

Large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its holdings in shares of Mister Car Wash by 41.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 93,137 shares of the company’s stock worth $1,013,000 after buying an additional 27,077 shares in the last quarter. Stormborn Capital Management LLC raised its holdings in Mister Car Wash by 47.4% in the 1st quarter. Stormborn Capital Management LLC now owns 404,128 shares of the company’s stock valued at $5,977,000 after acquiring an additional 130,000 shares during the last quarter. Friess Associates LLC acquired a new position in shares of Mister Car Wash during the 1st quarter worth approximately $1,516,000. Whittier Trust Co. purchased a new stake in shares of Mister Car Wash in the second quarter valued at approximately $86,000. Finally, Amalgamated Bank grew its position in shares of Mister Car Wash by 17.0% in the first quarter. Amalgamated Bank now owns 17,150 shares of the company’s stock valued at $254,000 after purchasing an additional 2,490 shares in the last quarter.

Mister Car Wash Stock Performance

Shares of NYSE MCW opened at $9.37 on Tuesday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $9.12 and a 200 day moving average of $10.65. Mister Car Wash has a 12-month low of $7.80 and a 12-month high of $19.82.

Mister Car Wash (NYSE:MCWGet Rating) last issued its earnings results on Thursday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $217.58 million for the quarter, compared to analysts’ expectations of $215.68 million. Mister Car Wash had a return on equity of 16.69% and a net margin of 15.40%. On average, research analysts anticipate that Mister Car Wash will post 0.33 earnings per share for the current year.

About Mister Car Wash

(Get Rating)

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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

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Analyst Recommendations for Mister Car Wash (NYSE:MCW)

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