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

by · The Cerbat Gem

Shares of Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $9.50.

A number of research firms have recently commented on MCW. UBS Group increased their target price on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st.

View Our Latest Report on Mister Car Wash

Institutional Trading of Mister Car Wash

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Mister Car Wash by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after acquiring an additional 315,679 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Mister Car Wash during the 1st quarter worth about $2,003,000. Texas Permanent School Fund Corp raised its stake in shares of Mister Car Wash by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock valued at $618,000 after acquiring an additional 1,581 shares during the period. Duality Advisers LP acquired a new position in shares of Mister Car Wash during the first quarter worth about $243,000. Finally, Illinois Municipal Retirement Fund grew its position in Mister Car Wash by 13.3% in the first quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock valued at $446,000 after acquiring an additional 6,779 shares in the last quarter.

Mister Car Wash Stock Up 12.9 %

Shares of NYSE MCW traded up $0.86 during mid-day trading on Thursday, reaching $7.51. 4,598,673 shares of the company’s stock traded hands, compared to its average volume of 1,647,284. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The stock has a market cap of $2.42 billion, a P/E ratio of 34.14, a PEG ratio of 1.93 and a beta of 1.64. The business has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.83. Mister Car Wash has a 1-year low of $4.80 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. On average, analysts expect that Mister Car Wash will post 0.27 EPS for the current fiscal year.

About Mister Car Wash

(Get Free Report

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.

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