In yesterday’s Wall Street session, Mister Car Wash Inc. (NYSE:MCW) shares traded at $7.43, down -15.38% from the previous session.
As of this writing, 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 $13.00 and a low of $8.00, we find $10.00. Given the previous closing price of $8.78, this indicates a potential upside of 13.9 percent. MCW stock price is now -17.89% away from the 50-day moving average and -18.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.71B.
There are 6 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $10.29 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 $19.05 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 $7.13 million. Insiders disposed of 1,209,177 shares of company stock worth roughly $8.98 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 $5,346,000. MILLENNIUM MANAGEMENT LLC invested $3,019,000 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 $2,619,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in MCW for approximately $976,000. JEFFERIES GROUP LLC purchased a new stake in MCW valued at around $688,000 in the second quarter. In total, there are 205 active investors with 103.62% ownership of the company’s stock.
Friday morning saw Mister Car Wash Inc. (NYSE: MCW) opened at $8.39. 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 1.05, a current ratio of 1.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $4.60B, which is based on a 24.68 price-to-earnings ratio, a 4.11 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for MCW is $9.03 and a two-hundred day moving average price translates $9.16 for the stock.
The latest earnings results from Mister Car Wash Inc. (NYSE: MCW) was released for Jun, 2023. 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 10.20% and return on equity was 11.00% 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 $241.78M 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. 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.
