Mister Car Wash
About: Mister Car Wash Inc is a car wash brand offering express exterior and interior cleaning services. Express Exterior Locations offers express exterior cleaning services and Interior Cleaning Locations offers both express exterior and interior cleaning services. The company recognizes revenue in two main streams. It offers an Unlimited Wash Club (UWC) program to its customers. The UWC program entitles the customer to unlimited washes for a monthly fee, cancellable at any time. Second, revenue from the car wash and quick lube services.
Employees: 6,600
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
73,300% more call options, than puts
Call options by funds: $734K | Put options by funds: $1K
9% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 65
4% less funds holding
Funds holding: 198 [Q2] → 191 (-7) [Q3]
5.61% less ownership
Funds ownership: 105.53% [Q2] → 99.92% (-5.61%) [Q3]
12% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 43
13% less capital invested
Capital invested by funds: $2.4B [Q2] → $2.1B (-$305M) [Q3]
60% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 2 (-3) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
10%
upside
Avg. target
$8.33
15%
upside
High target
$9
24%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Morgan Stanley Simeon Gutman 51% 1-year accuracy 19 / 37 met price target | 11%upside $8 | Equal-Weight Maintained | 21 Jan 2025 |
Wells Fargo David Lantz 40% 1-year accuracy 2 / 5 met price target | 24%upside $9 | Overweight Maintained | 6 Jan 2025 |
UBS Michael Lasser 54% 1-year accuracy 19 / 35 met price target | 11%upside $8 | Neutral Maintained | 31 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Mister Car Wash Announces Transfer of Stock Listing to Nasdaq
TUCSON, Ariz.--(BUSINESS WIRE)--Mister Car Wash, Inc. (the “Company”) (NYSE: MCW), the nation's largest car wash brand, today announced that it will voluntarily transfer the listing of its common stock from the New York Stock Exchange (“NYSE”) to the Nasdaq Global Select Market (“Nasdaq”) effective December 31, 2024, after market close. The Company expects its common stock to begin trading on Nasdaq upon market open on January 2, 2025, and continue to trade under the ticker symbol "MCW". About.
Positive
Zacks Investment Research
1 month ago
Mister Car Wash (MCW)'s Technical Outlook is Bright After Key Golden Cross
From a technical perspective, Mister Car Wash, Inc. (MCW) is looking like an interesting pick, as it just reached a key level of support. MCW's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Positive
Zacks Investment Research
2 months ago
Wall Street Analysts Believe Mister Car Wash (MCW) Could Rally 25%: Here's is How to Trade
The mean of analysts' price targets for Mister Car Wash (MCW) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Neutral
Zacks Investment Research
2 months ago
Bears are Losing Control Over Mister Car Wash (MCW), Here's Why It's a 'Buy' Now
Mister Car Wash (MCW) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Positive
Seeking Alpha
2 months ago
Mister Car Wash: A Clean Way To Capture Nice Upside
Despite past mistakes, I now see Mister Car Wash as a soft 'buy' due to its attractive valuation and continued business expansion. The company has shown impressive growth in locations and subscribers, with revenue rising as locations and comparable sales grow. Mister Car Wash's subscription model ensures predictable cash flow, with subscriber revenue growing from 64% in 2021 to 71% in 2023, with that figure rising further this year.
Positive
Seeking Alpha
2 months ago
Mister Car Wash: Growth On Track To Accelerate In FY25
I recommend a buy rating for Mister Car Wash (MCW) due to expected 7% growth in FY24 and accelerated growth in FY25. Despite a decline in membership per store, higher-tier membership upgrades and increased revenue per member indicate strong customer value perception. Risks include a prolonged weak consumer spending environment, but MCW's focus on driving retail traffic and price increases supports a positive growth outlook.
Neutral
Zacks Investment Research
2 months ago
Here's What Key Metrics Tell Us About Mister Car Wash (MCW) Q3 Earnings
While the top- and bottom-line numbers for Mister Car Wash (MCW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Seeking Alpha
2 months ago
Mister Car Wash, Inc. (MCW) Q3 2024 Earnings Call Transcript
Mister Car Wash, Inc. (NYSE:MCW ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants John Lai - Chairman & Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Justin Kleber - Baird Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Securities David Bellinger - Mizuho Michael Lasser - UBS Christian Carlino - JPMorgan Sabrina Baxamusa - William Blair David Lantz - Wells Fargo Operator Good afternoon and welcome to Mister Car Wash's Conference Call to discuss Financial Results for the Third Quarter ending September 30, 2024. [Operator Instructions] Please note that this is being recorded and a reproduction of this call in whole or in part is not permitted without written authorization from the company.
Positive
Zacks Investment Research
2 months ago
Mister Car Wash (MCW) Tops Q3 Earnings and Revenue Estimates
Mister Car Wash (MCW) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago.
Neutral
Business Wire
2 months ago
Mister Car Wash Announces Third Quarter 2024 Financial Results
TUCSON, Ariz.--(BUSINESS WIRE)--Mister Car Wash, Inc. (the “Company”) (NYSE: MCW), the nation's largest car wash brand, today announced its financial results for the quarter ended September 30, 2024. “We are pleased with our strong third quarter performance and momentum in the business. Our subscription business remained incredibly resilient, our new premium Titanium offering ramped ahead of expectations, retail sales trends moved in the right direction, and we managed expenses. All of this dro.
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