Brokerages Set Mister Car Wash, Inc. (NYSE:MCW) Target Price at $9.25

Mister Car Wash, Inc. (NYSE:MCW) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $9.25.

Separately, UBS Group raised their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

Mister Car Wash Stock Down 1.1 %

MCW opened at $8.00 on Monday. The business has a 50 day moving average price of $7.17 and a two-hundred day moving average price of $6.97. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The company has a market cap of $2.58 billion, a PE ratio of 34.78, a P/E/G ratio of 2.05 and a beta of 1.60. Mister Car Wash has a 52 week low of $5.84 and a 52 week high of $9.45.

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

Insider Transactions at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $8.22, for a total value of $2,981,048.76. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $368,699.88. The trade was a 88.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock worth $4,957,139 over the last quarter. 70.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Mister Car Wash in the second quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in Mister Car Wash during the second quarter worth approximately $73,000. Pallas Capital Advisors LLC bought a new position in shares of Mister Car Wash in the second quarter valued at $84,000. Finally, CIBC Asset Management Inc bought a new position in shares of Mister Car Wash in the second quarter valued at $91,000.

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.