Stephens Upgrades Mister Car Wash (NYSE:MCW) to “Hold”

Stephens upgraded shares of Mister Car Wash (NYSE:MCW) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. UBS Group upped their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.93.

Mister Car Wash Trading Down 1.3 %

Shares of MCW stock opened at $7.01 on Monday. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $9.45. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $7.62 and a 200-day moving average of $7.04. The firm has a market cap of $2.26 billion, a P/E ratio of 30.48, a PEG ratio of 1.95 and a beta of 1.61.

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

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. This trade represents a 15.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock worth $4,957,139 over the last ninety days. Company insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Mister Car Wash by 26.8% during the third quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock worth $281,000 after purchasing an additional 9,100 shares in the last quarter. Ariadne Wealth Management LP bought a new position in shares of Mister Car Wash in the second quarter worth approximately $73,000. Victory Capital Management Inc. raised its stake in Mister Car Wash by 19.5% in the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock valued at $414,000 after purchasing an additional 10,377 shares in the last quarter. Finally, iSAM Funds UK Ltd lifted its position in Mister Car Wash by 102.2% during the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after purchasing an additional 12,689 shares during the last quarter.

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.