Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Recommendation of “Hold” by Analysts

Mister Car Wash, Inc. (NYSE:MCW) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.2292.

Several equities research analysts recently weighed in on the company. Mizuho set a $8.00 price objective on Mister Car Wash in a report on Thursday, October 30th. Stephens upgraded Mister Car Wash from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $7.50 to $6.25 in a research report on Monday, October 27th. Raymond James Financial reissued an “outperform” rating and set a $8.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th. Morgan Stanley lowered their price objective on Mister Car Wash from $9.00 to $7.50 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Finally, Guggenheim set a $8.00 price objective on shares of Mister Car Wash and gave the company a “buy” rating in a report on Monday, August 4th.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds have recently modified their holdings of the business. Greenhouse Funds LLLP grew its stake in shares of Mister Car Wash by 9.4% in the third quarter. Greenhouse Funds LLLP now owns 16,863,562 shares of the company’s stock worth $89,883,000 after purchasing an additional 1,444,691 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Mister Car Wash by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 10,686,795 shares of the company’s stock worth $84,319,000 after buying an additional 40,236 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock valued at $37,063,000 after buying an additional 1,327,745 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mister Car Wash by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,048,392 shares of the company’s stock valued at $32,238,000 after buying an additional 716,818 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Mister Car Wash by 6.5% in the first quarter. The Manufacturers Life Insurance Company now owns 4,839,088 shares of the company’s stock valued at $38,180,000 after buying an additional 294,972 shares during the period.

Mister Car Wash Trading Down 2.1%

MCW opened at $5.11 on Monday. The company has a market cap of $1.67 billion, a P/E ratio of 23.23, a PEG ratio of 1.65 and a beta of 1.47. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $5.22 and its 200-day moving average is $6.04. Mister Car Wash has a 1-year low of $4.61 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $263.42 million during the quarter, compared to the consensus estimate of $261.47 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities research analysts predict that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

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.