Mister Car Wash (NYSE:MCW) Now Covered by Analysts at Stephens

Stephens began coverage on shares of Mister Car Wash (NYSE:MCW) in a report issued on Tuesday morning, Marketbeat reports. The firm issued an equal weight rating and a $8.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on MCW. Wells Fargo & Company cut their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group increased their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.93.

Mister Car Wash Trading Down 1.3 %

Shares of MCW opened at $7.01 on Tuesday. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $9.45. The firm has a market capitalization of $2.26 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.95 and a beta of 1.61. The firm has a 50-day moving average price of $7.62 and a 200 day moving average price of $7.04. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. Sell-side analysts forecast that Mister Car Wash will post 0.29 EPS for the current year.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 362,658 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $368,699.88. This represents a 88.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. This represents a 15.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Mister Car Wash

Several hedge funds have recently modified their holdings of MCW. Rhumbline Advisers grew its stake in Mister Car Wash by 22.7% during the 2nd quarter. Rhumbline Advisers now owns 255,813 shares of the company’s stock worth $1,821,000 after purchasing an additional 47,271 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Mister Car Wash by 29.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 103,268 shares of the company’s stock valued at $735,000 after buying an additional 23,556 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mister Car Wash by 64.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after buying an additional 535,873 shares in the last quarter. Delap Wealth Advisory LLC purchased a new stake in shares of Mister Car Wash during the second quarter worth approximately $255,000. Finally, Public Sector Pension Investment Board raised its holdings in Mister Car Wash by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 203,893 shares of the company’s stock valued at $1,452,000 after acquiring an additional 14,892 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.