Mister Car Wash (NYSE:MCW) Shares Gap Up Following Analyst Upgrade

Mister Car Wash, Inc. (NYSE:MCWGet Free Report)’s stock price gapped up before the market opened on Thursday after UBS Group raised their price target on the stock from $7.50 to $8.00. The stock had previously closed at $6.65, but opened at $7.51. UBS Group currently has a neutral rating on the stock. Mister Car Wash shares last traded at $7.55, with a volume of 415,291 shares traded.

Separately, The Goldman Sachs Group boosted their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Mister Car Wash currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Check Out Our Latest Analysis on Mister Car Wash

Hedge Funds Weigh In On Mister Car Wash

Several large investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of Mister Car Wash in the second quarter valued at approximately $31,000. Blue Trust Inc. raised its stake in shares of Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the period. Ariadne Wealth Management LP purchased a new position in shares of Mister Car Wash in the 2nd quarter worth about $73,000. Pallas Capital Advisors LLC bought a new position in Mister Car Wash during the second quarter valued at about $84,000. Finally, CIBC Asset Management Inc purchased a new stake in Mister Car Wash during the second quarter worth about $91,000.

Mister Car Wash Trading Up 5.6 %

The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. The firm has a market cap of $2.55 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.64. The firm’s 50-day simple moving average is $6.50 and its 200 day simple moving average is $6.84.

Mister Car Wash (NYSE:MCWGet Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 10.05%. The company had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. As a group, analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

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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