By: Flaka Ismaili    July 14, 2021

Mister Car Wash saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 12,910,000 shares, a decline of 7.5% from the March 31st total of 13,950,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 9.4 days. Stifel Nicolaus analyst Chris O`Cull maintained a Hold rating on Mister Car Wash (MCW – Research Report) today and set a price target of $10.00. The company’s shares closed last Friday at $10.63.O`Cull covers the Services …

The selling stockholders intend to grant the underwriter a 30-day option to purchase up to 1,800,000 additional shares of common stock. The technique has proven to be very useful for finding positive surprises. Shares of Mister Car Wash Inc. rallied out of the gate Friday, even as the Arizona-based carwash chain’s initial public offering priced overnight at the low end of the expected range. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023.

Do you want to know the worst stocks to buy in a recession? Read on, and I’ll give you seven names to avoid should we officially enter the fourth recession in the 2000s. Mister Car Wash (MCW) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Mister Car Wash (MCW) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. Investors interested in Consumer Services – Miscellaneous stocks are likely familiar with Monro Muffler Brake (MNRO) and Mister Car Wash (MCW).

MNRO or MCW: Which Is the Better Value Stock Right Now?

5 analysts have issued 12 month target prices for Mister Car Wash’s shares. Their MCW share price forecasts range from $9.00 to $11.00. On average, they expect the company’s stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 11.2% from the stock’s current price. View analysts price targets for MCW or view top-rated stocks among Wall Street analysts. Shares of Mister Car Wash Inc. dropped 1.7% in premarket trading Tuesday, after the car wash company announced a secondary offering of 12 million shares by selling stockholders.

The company provided earnings per share (EPS) guidance of $0.30-$0.35 for the period, compared to the consensus EPS estimate of $0.33. The company issued revenue guidance of $925.00 million-$960.00 million, compared to the consensus revenue estimate of $942.71 million. Mister Car Wash Inc. is set to go public Friday, after the profitable Arizona-based carwash chain’s initial public offering priced overnight, to value the company at $4.44 billion. Morgan Stanley is acting as the sole underwriter for the offering.

Earnings and Valuation

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The company’s shares closed today at $9.94.According to TipRanks, O`Cull is a… The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Offering unique exposure …

Mister Car Wash’s stock was trading at $9.23 at the start of the year. Since then, https://business-oppurtunities.com/3-killer-ways-to-ignite-your-affiliate-commissions/ has decreased by 2.6% and is now trading at $8.99. Sign-up to receive the latest news and ratings for Mister Car Wash and its competitors with MarketBeat’s FREE daily newsletter.

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. 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.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Mister Car Wash stock falls after 12 million share secondary offering

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

• It offers an Unlimited Wash Club (UWC) program to its customers.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
• The company provided earnings per share (EPS) guidance of $0.30-$0.35 for the period, compared to the consensus EPS estimate of $0.33.
• One share of MCW stock can currently be purchased for approximately $8.99.

Mister Car Wash, Inc., together with its subsidiaries, provides conveyorized car wash services in the United States. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

The offering consists entirely of shares of common stock to be sold by certain selling stockholders. According to 8 analysts, the average rating for MCW stock is “Hold.” The 12-month stock price forecast is $9.75, which is an increase of 8.27% from the latest price. (MCW) raised $600 million in an initial public offering (IPO) on Friday, June 25th 2021. The company issued 37,500,000 shares at $15.00-$17.00 per share. Mister Car Wash issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd.

Please log in to your account or sign up in order to add this asset to your watchlist. One share of MCW stock can currently be purchased for approximately $8.99.

Mister Car Wash (MCW) Receives a Hold from Stifel Nicolaus

But which of these two stocks is more attractive to valu… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

5 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Mister Car Wash in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” MCW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCW, but not buy additional shares or sell existing shares. Although the company will not receive a cash injection, MCW’s earnings per share (EPS) will remain unchanged as no new shares are being created. In a dilutive offering, the number of shares in circulation would increase, lowering the stock price.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.

Flaka Ismaili

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