Mister Car Wash (NYSE:MCW) Trading 3.5% Higher – Time to Buy?

Mister Car Wash, Inc. (NYSE:MCW) shares shot up 3.5% during trading on Wednesday . The company traded as high as $5.95 and last traded at $5.89. 963,679 shares traded hands during trading, a decline of 8% from the average session volume of 1,046,129 shares. The stock had previously closed at $5.69.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group set a $5.25 price objective on shares of Mister Car Wash in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Piper Sandler cut shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $8.00 to $6.00 in a research note on Friday, October 24th. Finally, Stephens upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $7.50 to $6.25 in a research report on Monday, October 27th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mister Car Wash currently has an average rating of “Hold” and a consensus price target of $7.15.

Mister Car Wash Price Performance

The stock has a market cap of $1.93 billion, a PE ratio of 26.77, a PEG ratio of 1.65 and a beta of 1.46. The business’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $5.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $263.42 million for the quarter, compared to analysts’ expectations of $261.47 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.Mister Car Wash’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, research analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently modified their holdings of the stock. Greenhouse Funds LLLP grew its holdings in shares of Mister Car Wash by 9.4% during the 3rd quarter. Greenhouse Funds LLLP now owns 16,863,562 shares of the company’s stock worth $89,883,000 after acquiring an additional 1,444,691 shares during the period. Bank of America Corp DE boosted its position in shares of Mister Car Wash by 303.1% during the third quarter. Bank of America Corp DE now owns 1,811,457 shares of the company’s stock valued at $9,655,000 after purchasing an additional 1,362,094 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Mister Car Wash by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock worth $37,063,000 after purchasing an additional 1,327,745 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Mister Car Wash by 91.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,955,986 shares of the company’s stock valued at $11,755,000 after buying an additional 934,611 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mister Car Wash by 3,168.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 862,999 shares of the company’s stock valued at $5,187,000 after buying an additional 836,593 shares in the last quarter.

About Mister Car Wash

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.