Mister Car Wash (MCW) Projected to Post Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Mister Car Wash to post earnings of $0.07 per share and revenue of $248.46 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Mister Car Wash Stock Down 0.6 %

MCW stock opened at $7.89 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The firm has a market capitalization of $2.54 billion, a P/E ratio of 34.31, a P/E/G ratio of 1.75 and a beta of 1.63. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $9.45. The company’s 50 day simple moving average is $7.46 and its 200-day simple moving average is $7.13.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $653,708.30. This represents a 47.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MCW shares. Morgan Stanley decreased their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Stephens started coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective for the company. Finally, UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.36.

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.