Mister Car Wash (MCW) Expected to Announce Earnings on Wednesday

Mister Car Wash (NYSE:MCW) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $248.46 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mister Car Wash Stock Down 0.6 %

Shares of NYSE:MCW opened at $7.89 on Tuesday. 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 company has a market cap of $2.54 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.63. Mister Car Wash has a 52 week low of $5.84 and a 52 week high of $9.45. The firm has a 50 day simple moving average of $7.46 and a 200 day simple moving average of $7.13.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCW. UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Morgan Stanley dropped their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Stephens started coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.36.

About Mister Car Wash

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.