Mister Car Wash (NYSE:MCW – Get Rating) updated its FY 2022 earnings guidance on Saturday. The company provided earnings per share (EPS) guidance of $0.38-$0.39 for the period, compared to the consensus estimate of $0.38. The company issued revenue guidance of $865.00 million-$880.00 million, compared to the consensus revenue estimate of $870.66 million.
Mister Car Wash Stock Up 0.5 %
Shares of NYSE:MCW opened at $9.94 on Tuesday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a 50 day moving average of $9.28 and a two-hundred day moving average of $10.39. Mister Car Wash has a 52-week low of $7.80 and a 52-week high of $19.10. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.
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Mister Car Wash (NYSE:MCW – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Mister Car Wash had a net margin of 15.40% and a return on equity of 16.69%. The business had revenue of $217.58 million during the quarter, compared to the consensus estimate of $215.68 million. As a group, analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on MCW shares. Robert W. Baird started coverage on Mister Car Wash in a research note on Monday, October 3rd. They issued a neutral rating and a $10.00 price target on the stock. UBS Group reduced their target price on Mister Car Wash to $11.00 in a research note on Wednesday, November 16th. Stifel Nicolaus lowered shares of Mister Car Wash from a buy rating to a hold rating and dropped their price target for the stock from $17.00 to $10.00 in a research note on Friday, October 21st. Finally, MKM Partners began coverage on shares of Mister Car Wash in a report on Tuesday, October 4th. They issued a neutral rating and a $9.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Mister Car Wash has an average rating of Hold and a consensus target price of $11.50.
Insider Transactions at Mister Car Wash
In related news, VP Casey Penn Lindsay sold 142,127 shares of the company's stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $8.73, for a total transaction of $1,240,768.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Casey Penn Lindsay sold 142,127 shares of Mister Car Wash stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $8.73, for a total value of $1,240,768.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mayra Idali Chimienti sold 20,000 shares of the business's stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $9.54, for a total transaction of $190,800.00. Following the sale, the chief operating officer now directly owns 281,540 shares of the company's stock, valued at approximately $2,685,891.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,105 shares of company stock worth $1,764,371. 71.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Mister Car Wash in the second quarter worth $30,000. Ensign Peak Advisors Inc bought a new position in shares of Mister Car Wash during the third quarter worth about $45,000. MetLife Investment Management LLC acquired a new stake in shares of Mister Car Wash in the 1st quarter worth about $63,000. Teachers Retirement System of The State of Kentucky bought a new stake in Mister Car Wash in the 3rd quarter valued at about $70,000. Finally, Quantbot Technologies LP bought a new position in Mister Car Wash in the 1st quarter worth about $87,000.
Mister Car Wash Company Profile
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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. 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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