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 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

Mister Car Wash has reiterated its 2024 outlook, projecting revenues between $988 million and $1.016 billion, slightly below the estimated $998.11 million. The company also forecasts adjusted EPS between $0.30 and $0.34, aligning closely with the estimated $0.32.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:28 pm

Mister Car Wash (NYSE:MCW) reported Q2 2024 adjusted EPS of $0.11, beating the $0.09 estimate, while sales of $255.000M missed the $255.331M estimate. Sales increased by 7.64% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:27 pm

Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:38 pm

JP Morgan analyst Christian Carlino upgraded Mister Car Wash (NYSE:MCW) from Neutral to Overweight, maintaining an $8.5 price target. This reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:35 pm

Mister Car Wash has reaffirmed its fiscal year 2024 outlook, projecting net revenues between $988 million and $1.016 billion, with an estimated consensus of $1.002 billion. The company also expects its adjusted EPS to range from $0.30 to $0.34, aligning with the consensus estimate of $0.32.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:45 pm

Mister Car Wash (NYSE:MCW) reported Q1 2024 adjusted earnings per share of $0.08, meeting analyst expectations but unchanged from the previous year. Quarterly sales were $239.183 million, missing the consensus estimate of $243.483 million by 1.77% but marking a 5.85% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:15 pm

Wells Fargo analyst David Lantz has maintained an Overweight rating on Mister Car Wash (NYSE:MCW) but lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:37 pm

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Rent the Runway (RENT) led the gainers with a 53.6% increase following their Q4 earnings release. Other gainers included Naas Technology (NAAS), Kaival Brands Innovations (KAVL), Dogness (DOGZ), Barnes & Noble Education (BNED), and Worksport (WKSP). On the losing side, E-Home Household Service (EJH), Lobo EV Technologies (LOBO), Cricut (CRCT), Allurion Technologies (ALUR), Mister Car Wash (MCW), and PLBY Group (PLBY) saw declines.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:31 pm

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