Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Rating of “Moderate Buy” by Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One equities research 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 12 month target price among analysts that have issued ratings on the stock in the last year is $9.25.

Separately, UBS Group increased their price target 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.

Insider Activity

In other news, insider Joseph Duane Matheny sold 23,697 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the sale, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. This represents a 22.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $381,707.54. This represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock valued at $4,957,139 in the last three months. Corporate insiders own 70.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in Mister Car Wash during the second quarter valued at approximately $31,000. Blue Trust Inc. lifted its stake 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 during the last quarter. Ariadne Wealth Management LP acquired a new position in Mister Car Wash in the second quarter worth $73,000. CIBC Asset Management Inc bought a new stake in Mister Car Wash during the second quarter valued at $91,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Mister Car Wash during the second quarter worth $112,000.

Mister Car Wash Stock Down 2.1 %

Mister Car Wash stock opened at $7.04 on Friday. The company has a market capitalization of $2.27 billion, a P/E ratio of 30.61, a PEG ratio of 2.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $9.45. The stock has a 50-day simple moving average of $7.47 and a 200-day simple moving average of $7.03.

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

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.