Mister Car Wash Inc. (NYSE:MCW) shares traded -1.22% lower at $8.89 on Wall Street last session.
In accordance with the data, 12 analysts cover Mister Car Wash Inc. (NYSE:MCW). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $9.00, we find $11.00. Given the previous closing price of $9.00, this indicates a potential upside of 22.22 percent. MCW stock price is now -4.86% away from the 50-day moving average and -21.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2.68B.
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It has been rated a hold by 6 analysts and a buy by 5. Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
With the price target of $10, Robert W. Baird recently initiated with Neutral rating for Mister Car Wash Inc. (NYSE: MCW). On October 04, 2022, MKM Partners recently initiated its ‘Neutral’ rating on the stock quoting a target price of $9, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Chimienti Mayra Idali, Chief Operating Officer sold 23,102 shares of the company’s stock on Dec 07. The stock was sold for $220,393 at an average price of $9.54. Upon completion of the transaction, the Chief Operating Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Chief Operating Officer Chimienti Mayra Idali sold 20,000 shares of the business’s stock. A total of $190,800 was realized by selling the stock at an average price of $9.54. This leaves the insider owning 281,540 shares of the company worth $2.5 million. Insiders disposed of 295,535 shares of company stock worth roughly $2.63 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCW stock. A new stake in Mister Car Wash Inc. shares was purchased by BROWN ADVISORY INC during the first quarter worth $59,047,000. COWBIRD CAPITAL LP invested $16,448,000 in shares of MCW during the first quarter. In the first quarter, AMERIPRISE FINANCIAL INC acquired a new stake in Mister Car Wash Inc. valued at approximately $2,718,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in MCW for approximately $1,412,000. PUBLIC SECTOR PENSION INVESTMENT BOARD purchased a new stake in MCW valued at around $1,293,000 in the second quarter.
Mister Car Wash Inc. (NYSE: MCW) opened at $8.99 on Wednesday. During the past 12 months, Mister Car Wash Inc. has had a low of $7.80 and a high of $19.10. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for MCW is $9.34 and a two-hundred day moving average price translates $11.35 for the stock.
The latest earnings results from Mister Car Wash Inc. (NYSE: MCW) was released for Jun, 2022. According to the Personal Services Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.12 by -0.01. This compares to $0.08 EPS in the same period last year. The net profit margin was 15.40% and return on equity was 18.20% for MCW. The company reported revenue of $217.58 million for the quarter, compared to $194.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.97 percent. For the current quarter, analysts expect MCW to generate $216.01M in revenue.
Mister Car Wash Inc.(MCW) 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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc. and changed its name to Mister Car Wash, Inc. in March 2021. Mister Car Wash, Inc. was founded in 1969 and is headquartered in Tucson, Arizona.
