In yesterday’s Wall Street session, Mister Car Wash Inc. (NYSE:MCW) shares traded at $8.74, down -8.96% from the previous session.
12 analysts cover Mister Car Wash Inc. (NYSE:MCW), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $8.00, we find $10.00. Given the previous closing price of $9.60, this indicates a potential upside of 4.17 percent. MCW stock price is now -3.31% away from the 50-day moving average and -4.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.68B.
The stock has received a hold rating from 6 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $10.50 as their price target over the next twelve months.
With the price target of $11, Guggenheim recently initiated with Buy rating for Mister Car Wash Inc. (NYSE: MCW).
In other news, Lai John Lo-minn, Chief Executive Officer sold 198,200 shares of the company’s stock on Jul 17. The stock was sold for $1,886,864 at an average price of $9.52. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,564,226 shares in the company, valued at $22.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17, Chief Executive Officer Lai John Lo-minn sold 77,730 shares of the business’s stock. A total of $739,990 was realized by selling the stock at an average price of $9.52. This leaves the insider owning 960,000 shares of the company worth $8.39 million. Insiders disposed of 1,175,273 shares of company stock worth roughly $10.27 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 J. GOLDMAN & CO LP during the first quarter worth $6,289,000. MILLENNIUM MANAGEMENT LLC invested $3,552,000 in shares of MCW during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Mister Car Wash Inc. valued at approximately $3,080,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in MCW for approximately $1,148,000. JEFFERIES GROUP LLC purchased a new stake in MCW valued at around $809,000 in the second quarter.
On Wednesday morning Mister Car Wash Inc. (NYSE: MCW) stock kicked off with the opening price of $8.95. During the past 12 months, Mister Car Wash Inc. has had a low of $7.80 and a high of $12.57. As of last week, the company has a debt-to-equity ratio of 1.10, a current ratio of 0.70, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $4.60B, which is based on a 29.04 price-to-earnings ratio, a 4.84 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for MCW is $9.04 and a two-hundred day moving average price translates $9.17 for the stock.
According to the Personal Services Company, earnings per share came in at $0.08, inline with analysts’ expectations of $0.08. This compares to $0.11 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 12.50% for MCW. The company reported revenue of $225.96 million for the quarter, compared to $219.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.98 percent. For the current quarter, analysts expect MCW to generate $219.85M in revenue.
