Streetbeat News

MCW

Mister Car Wash, Inc.

https://mistercarwash.com

Industry

Personal Products & Services

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. Mister Car Wash, Inc. was founded in 1969 and is headquartered in Tucson, Arizona.

Open

7.98

Mkt cap

2.6B

Volume

738K

High

8.04

P/E Ratio

36.05

52-wk high

9.45

Low

7.91

Div yield

N/A

52-wk low

5.84

Mister Car Wash is considered a soft 'buy' due to its attractive valuation and business expansion. The company has shown growth in locations, subscribers, and revenue, with a strong subscription model ensuring predictable cash flow.

Portfolio Pulse from

November 15, 2024 | 2:30 pm

UBS analyst Michael Lasser has maintained a Neutral rating on Mister Car Wash (NYSE:MCW) while raising the price target from $7.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:30 pm

Several consumer discretionary stocks experienced significant price movements during Thursday's intraday session. Notable gainers included PLBY Group, Peloton Interactive, Carvana, Kontoor Brands, Lead Real Estate Co, and Mister Car Wash, driven by positive earnings reports. Conversely, Rocky Brands, Stoneridge, Sabre, Aptiv, SharkNinja, and Premium Catering saw declines, largely due to disappointing earnings results.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 4:34 pm

Mister Car Wash shares rose following the company's announcement of better-than-expected Q3 financial results and an increase in its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:50 pm

Several consumer discretionary stocks experienced significant price movements in Wednesday's after-market session following the release of Q3 earnings. Carvana, Mister Car Wash, Etsy, and Floor & Decor Holdings saw notable gains, while Rocky Brands, eBay, Sleep Number, and MGM Resorts International faced declines.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 8:31 pm

Mister Car Wash has revised its fiscal year 2024 guidance, increasing its EPS estimate to $0.35-$0.36 from $0.30-$0.34, and narrowing its revenue forecast to $988M-$995M from $988M-$1.016B. The company also expects higher adjusted net income and EBITDA, with comparable-store sales growth projected at 2.0%-2.5%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:28 pm

Mister Car Wash (NYSE:MCW) reported better-than-expected Q3 earnings and sales, with earnings per share of $0.09 beating the $0.07 estimate and sales of $249.33 million surpassing the $249.15 million estimate. This marks a 12.5% increase in earnings and a 6.52% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:10 pm

Mister Car Wash (NYSE:MCW) is set to announce its quarterly earnings on October 30, 2024. Analysts expect an EPS of $0.07. Investors are keen on the announcement, especially regarding guidance, as it can significantly impact stock prices. In the past, even when MCW beat EPS estimates, the stock price experienced volatility.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:03 pm

Mister Car Wash has expanded its presence in Michigan by opening a new location in Monroe. This expansion is part of the company's growth strategy to increase its footprint in the region.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:28 am

Goldman Sachs analyst Kate McShane maintains a Sell rating on Mister Car Wash (NYSE:MCW) but raises the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:38 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.