Mister Car Wash, Inc. (NYSE:MCW - Get Free Report)'s share price traded up 4.9% on Thursday . The stock traded as high as $7.28 and last traded at $7.28. 812,276 shares changed hands during trading, a decline of 49% from the average session volume of 1,591,939 shares. The stock had previously closed at $6.94.
Analyst Upgrades and Downgrades
MCW has been the topic of several recent research reports. Mizuho initiated coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They set a "buy" rating and a $11.00 target price on the stock. JPMorgan Chase & Co. raised shares of Mister Car Wash from a "neutral" rating to an "overweight" rating and set a $8.50 target price on the stock in a report on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Monday, April 22nd. Finally, Robert W. Baird increased their target price on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash presently has a consensus rating of "Moderate Buy" and an average target price of $9.56.
View Our Latest Analysis on Mister Car Wash
Mister Car Wash Stock Performance
The firm has a market cap of $2.34 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 2.09 and a beta of 1.67. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The business's fifty day simple moving average is $7.02 and its 200-day simple moving average is $7.76.
Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $239.18 million during the quarter, compared to the consensus estimate of $244.06 million. Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.
Insiders Place Their Bets
In other Mister Car Wash news, insider Joseph Duane Matheny sold 16,416 shares of the firm's stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $8.01, for a total value of $131,492.16. Following the sale, the insider now owns 78,325 shares of the company's stock, valued at approximately $627,383.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Mayra Idali Chimienti sold 35,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the sale, the chief operating officer now directly owns 270,523 shares of the company's stock, valued at approximately $1,907,187.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 16,416 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $8.01, for a total transaction of $131,492.16. Following the completion of the sale, the insider now directly owns 78,325 shares of the company's stock, valued at $627,383.25. The disclosure for this sale can be found here. Insiders have sold a total of 54,646 shares of company stock valued at $400,561 in the last quarter. Insiders own 70.00% of the company's stock.
Institutional Investors Weigh In On Mister Car Wash
Institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC purchased a new position in Mister Car Wash during the 4th quarter valued at about $43,000. CenterBook Partners LP purchased a new position in Mister Car Wash during the 3rd quarter valued at about $80,000. Price T Rowe Associates Inc. MD lifted its position in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company's stock valued at $135,000 after acquiring an additional 2,479 shares during the period. Pathstone Family Office LLC lifted its position in Mister Car Wash by 59.2% during the 3rd quarter. Pathstone Family Office LLC now owns 19,318 shares of the company's stock valued at $106,000 after acquiring an additional 7,187 shares during the period. Finally, Bessemer Group Inc. lifted its position in Mister Car Wash by 9.9% during the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company's stock valued at $156,000 after acquiring an additional 1,824 shares during the period.
Mister Car Wash Company Profile
(Get Free Report)
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.
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