Mister Car Wash (NYSE:MCW) Shares Gap Up Following Analyst Upgrade

Mister Car Wash, Inc. (NYSE:MCW) shares gapped up prior to trading on Thursday after UBS Group raised their price target on the stock from $7.50 to $8.00. The stock had previously closed at $6.65, but opened at $7.51. UBS Group currently has a neutral rating on the stock. Mister Car Wash shares last traded at $7.55, with a volume of 415,291 shares.

Separately, The Goldman Sachs Group raised their price target on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Institutional Trading of Mister Car Wash

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Mister Car Wash in the 2nd quarter valued at $31,000. Blue Trust Inc. raised its position in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after buying an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in shares of Mister Car Wash in the second quarter worth $73,000. Pallas Capital Advisors LLC bought a new stake in Mister Car Wash during the second quarter valued at $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash during the second quarter worth about $91,000.

Mister Car Wash Price Performance

The business has a 50 day simple moving average of $6.50 and a two-hundred day simple moving average of $6.84. The firm has a market capitalization of $2.55 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.25 and a current ratio of 0.28.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a return on equity of 10.05% and a net margin of 7.54%. On average, sell-side analysts expect that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal 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.