Mister Car Wash (NYSE:MCW) Price Target Raised to $6.00 at The Goldman Sachs Group

Mister Car Wash (NYSE:MCW) had its price target raised by The Goldman Sachs Group from $5.00 to $6.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a sell rating on the stock.

A number of other analysts have also recently weighed in on MCW. JPMorgan Chase & Co. raised shares of Mister Car Wash from a neutral rating to an overweight rating and set a $8.50 target price on the stock in a research note on Friday, May 3rd. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $11.00 to $10.00 and set an overweight rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Mister Car Wash presently has an average rating of Moderate Buy and a consensus target price of $9.69.

Mister Car Wash Stock Down 2.7 %

Mister Car Wash stock opened at $7.13 on Thursday. The stock has a market cap of $2.28 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.28 and a beta of 1.67. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $9.45. The company’s 50-day moving average price is $7.08 and its two-hundred day moving average price is $7.51.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $239.18 million during the quarter, compared to the consensus estimate of $244.06 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, analysts expect that Mister Car Wash will post 0.27 EPS for the current year.

Insider Activity

In other news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $234,954.72. Following the sale, the chief executive officer now owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $234,954.72. Following the sale, the chief executive officer now owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 4,079 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $28,267.47. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $310,838.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,444 shares of company stock worth $443,472. 70.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its holdings in Mister Car Wash by 2.7% in the 4th quarter. Yousif Capital Management LLC now owns 45,290 shares of the company’s stock worth $391,000 after acquiring an additional 1,175 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Mister Car Wash by 3.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock worth $332,000 after acquiring an additional 1,500 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Mister Car Wash by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after acquiring an additional 1,581 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Mister Car Wash by 3.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 50,827 shares of the company’s stock worth $439,000 after acquiring an additional 1,695 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after acquiring an additional 1,824 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.