Mister Car Wash (NYSE:MCW – Get Free Report) had its target price lifted by equities researchers at UBS Group from $7.50 to $8.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 6.81% from the company’s previous close.
Separately, The Goldman Sachs Group increased their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.25.
Read Our Latest Stock Report on Mister Car Wash
Mister Car Wash Price Performance
Mister Car Wash (NYSE:MCW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, equities analysts forecast that Mister Car Wash will post 0.27 EPS for the current fiscal year.
Hedge Funds Weigh In On Mister Car Wash
Several hedge funds and other institutional investors have recently made changes to their positions in MCW. AQR Capital Management LLC increased its position in Mister Car Wash by 763.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after acquiring an additional 3,640,862 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mister Car Wash by 64.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after buying an additional 535,873 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after purchasing an additional 337,272 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after purchasing an additional 315,679 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Mister Car Wash in the first quarter valued at about $2,003,000.
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.
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