Mister Car Wash (NYSE:MCW) Upgraded to “Hold” at Stephens

Stephens upgraded shares of Mister Car Wash (NYSE:MCW) to a hold rating in a report published on Monday,Zacks.com reports.

MCW has been the topic of a number of other research reports. Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group increased their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.93.

Mister Car Wash Stock Performance

NYSE:MCW opened at $7.01 on Monday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.95 and a beta of 1.61. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $9.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The stock has a fifty day moving average price of $7.62 and a 200-day moving average price of $7.04.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. Mister Car Wash’s revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Mister Car Wash will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Mister Car Wash news, insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the transaction, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $338,199.16. This represents a 76.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock valued at $4,957,139 over the last ninety days. 70.00% of the stock is owned by corporate insiders.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in shares of Mister Car Wash during the second quarter valued at approximately $73,000. Sanctuary Advisors LLC purchased a new stake in shares of Mister Car Wash during the second quarter valued at approximately $112,000. 272 Capital LP bought a new stake in Mister Car Wash during the second quarter worth $119,000. Finally, iSAM Funds UK Ltd grew its stake in Mister Car Wash by 102.2% in the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after purchasing an additional 12,689 shares during the period.

Mister Car Wash 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 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.