Mister Car Wash (NYSE:MCW) Given New $7.00 Price Target at Wells Fargo & Company

Mister Car Wash (NYSE:MCW) had its price target reduced by Wells Fargo & Company from $8.00 to $7.00 in a research note published on Tuesday, Marketbeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts also recently commented on the stock. Mizuho cut their price target on shares of Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the company a “buy” rating in a research note on Monday, August 4th. UBS Group decreased their target price on Mister Car Wash from $8.25 to $7.25 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. BTIG Research started coverage on Mister Car Wash in a report on Monday, June 30th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets dropped their price target on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Mister Car Wash Trading Up 3.5%

NYSE:MCW opened at $5.29 on Tuesday. The stock’s fifty day moving average price is $5.42 and its two-hundred day moving average price is $6.27. The company has a market cap of $1.73 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.65 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash has a 1 year low of $4.61 and a 1 year high of $8.60.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. During the same quarter in the prior year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, analysts expect that Mister Car Wash will post 0.33 EPS for the current year.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Mister Car Wash by 87.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock valued at $34,000 after buying an additional 2,632 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Mister Car Wash by 75.5% during 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 grew its position in Mister Car Wash by 140.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after acquiring an additional 5,659 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Mister Car Wash during the second quarter worth approximately $72,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Mister Car Wash by 105.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,213 shares of the company’s stock worth $79,000 after acquiring an additional 6,784 shares during the last quarter.

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.