Mister Car Wash (NYSE:MCW) Sets New 52-Week Low – Here’s What Happened

Shares of Mister Car Wash, Inc. (NYSE:MCW) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.13 and last traded at $5.15, with a volume of 1413149 shares. The stock had previously closed at $5.29.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MCW shares. BMO Capital Markets decreased their price target on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Wells Fargo & Company lowered their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, July 18th. Mizuho decreased their target price on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. BTIG Research assumed coverage on Mister Car Wash in a research note on Monday, June 30th. They set a “neutral” rating for the company. Finally, Piper Sandler dropped their price target on shares of Mister Car Wash from $11.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.09.

Mister Car Wash Stock Down 2.6%

The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.65 and a beta of 1.46. The business has a fifty day moving average price of $5.62 and a two-hundred day moving average price of $6.50.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $265.42 million for the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Institutional Trading of Mister Car Wash

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Mister Car Wash by 87.4% during the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after buying an additional 2,632 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Mister Car Wash by 75.5% in the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after acquiring an additional 3,027 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Mister Car Wash by 140.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after buying an additional 5,659 shares during the last quarter. Entropy Technologies LP bought a new position in Mister Car Wash in the 2nd quarter worth approximately $72,000. Finally, BNP Paribas Financial Markets increased its position in Mister Car Wash by 105.5% in the second quarter. BNP Paribas Financial Markets now owns 13,213 shares of the company’s stock worth $79,000 after purchasing an additional 6,784 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.