Analysts Set Mister Car Wash, Inc. (NYSE:MCW) Price Target at $8.09

Mister Car Wash, Inc. (NYSE:MCW) has received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.0909.

MCW has been the subject of several research reports. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a “sell” rating and a $6.25 price objective for the company. BTIG Research began coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They set a “neutral” rating for the company. Wells Fargo & Company decreased their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, July 18th. UBS Group cut their target price on shares of Mister Car Wash from $8.25 to $7.25 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Finally, Stifel Nicolaus dropped their price target on shares of Mister Car Wash from $8.50 to $7.50 and set a “hold” rating on the stock in a research note on Thursday, July 31st.

Mister Car Wash Stock Down 0.4%

NYSE:MCW opened at $5.42 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock’s fifty day moving average is $5.83 and its two-hundred day moving average is $6.68. Mister Car Wash has a 52 week low of $5.27 and a 52 week high of $8.60. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $265.42 million during the quarter, compared to analysts’ expectations of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Research analysts anticipate that Mister Car Wash will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 6,357 shares of Mister Car Wash stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $38,968.41. Following the completion of the sale, the chief financial officer owned 75,637 shares in the company, valued at $463,654.81. The trade was a 7.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $207,831.52. Following the sale, the chief executive officer directly owned 4,578,350 shares in the company, valued at $28,065,285.50. The trade was a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,380 shares of company stock valued at $259,789. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its holdings in shares of Mister Car Wash by 269.8% in the second quarter. Squarepoint Ops LLC now owns 390,568 shares of the company’s stock worth $2,347,000 after purchasing an additional 284,939 shares during the last quarter. State of Wyoming bought a new stake in Mister Car Wash in the 2nd quarter worth about $91,000. Public Sector Pension Investment Board grew its stake in shares of Mister Car Wash by 8.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 321,132 shares of the company’s stock valued at $1,930,000 after purchasing an additional 24,774 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Mister Car Wash by 140.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after purchasing an additional 5,659 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of Mister Car Wash by 7.8% during the 2nd quarter. Vident Advisory LLC now owns 25,447 shares of the company’s stock valued at $153,000 after acquiring an additional 1,851 shares during the period.

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.