Mister Car Wash, Inc. (NYSE:MCW) Receives $8.46 Average Target Price from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.46.

Several analysts have recently weighed in on MCW shares. UBS Group decreased their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Morgan Stanley raised their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Stephens lowered their price objective on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price for the company.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.12 on Monday. The firm has a market capitalization of $2.31 billion, a PE ratio of 32.37, a PEG ratio of 1.65 and a beta of 1.58. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $8.60. The business’s 50 day moving average is $7.53 and its 200-day moving average is $7.63.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. Sell-side analysts predict that Mister Car Wash will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the transaction, the chief executive officer now directly owns 4,479,420 shares of the company’s stock, valued at $37,806,304.80. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph Duane Matheny sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00. Following the transaction, the insider now owns 84,895 shares in the company, valued at approximately $676,613.15. This trade represents a 9.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,857 shares of company stock valued at $2,169,421. 69.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Mister Car Wash by 191.7% during the first quarter. Jane Street Group LLC now owns 37,482 shares of the company’s stock worth $296,000 after purchasing an additional 24,633 shares in the last quarter. Millennium Management LLC raised its position in Mister Car Wash by 72.9% in the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company’s stock worth $12,155,000 after purchasing an additional 649,448 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mister Car Wash by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock worth $444,000 after buying an additional 2,519 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Mister Car Wash by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 129,352 shares of the company’s stock worth $1,012,000 after buying an additional 22,152 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Mister Car Wash by 8.5% in the 1st quarter. Royal Bank of Canada now owns 1,106,521 shares of the company’s stock valued at $8,730,000 after buying an additional 86,274 shares during the last quarter.

Mister Car Wash Company Profile

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.