Mister Car Wash (NYSE:MCW) Stock Price Expected to Rise, UBS Group Analyst Says

Mister Car Wash (NYSE:MCW) had its target price boosted by analysts at UBS Group from $7.50 to $8.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 0.88% from the stock’s previous close.

Separately, 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 report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Mister Car Wash Stock Up 5.6 %

Shares of NYSE:MCW opened at $7.93 on Thursday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.03 and a beta of 1.64. The business’s 50 day moving average is $6.50 and its 200 day moving average is $6.84. Mister Car Wash has a 12-month low of $5.06 and a 12-month high of $9.45. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98.

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

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently made changes to their positions in MCW. nVerses Capital LLC purchased a new stake in Mister Car Wash during the second quarter worth about $31,000. Blue Trust Inc. grew its position in shares of Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after acquiring an additional 7,617 shares during the period. Ariadne Wealth Management LP purchased a new stake in shares of Mister Car Wash during the 2nd quarter worth approximately $73,000. Pallas Capital Advisors LLC bought a new stake in shares of Mister Car Wash in the 2nd quarter worth approximately $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash in the second quarter valued at approximately $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.