Holdings of Mister Car Wash Inc. (MCW) are aligned with the stars

Mister Car Wash Inc. (NYSE: MCW) stock fell -0.82% on Monday to $6.03 against a previous-day closing price of $6.08. With 1.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.64 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $6.05 whereas the lowest price it dropped to was $5.98. The 52-week range on MCW shows that it touched its highest point at $11.14 and its lowest point at $6.03 during that stretch. It currently has a 1-year price target of $10.05. Beta for the stock currently stands at 1.24.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MCW was down-trending over the past week, with a drop of -5.49%, but this was down by -8.08% over a month. Three-month performance dropped to -31.56% while six-month performance fell -31.63%. The stock lost -37.84% in the past year, while it has lost -34.67% so far this year. A look at the trailing 12-month EPS for MCW yields 0.28 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.07. This implies an EPS growth rate of 538.10% for this year and 18.09% for next year. EPS is expected to grow by 6.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.60%.

Float and Shares Shorts:

At present, 309.31 million MCW shares are outstanding with a float of 89.29 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.76 million, which was 3.76% higher than short shares on Jul 30, 2023. In addition to Mr. John Lai as the firm’s Chairperson, Pres & CEO, Mr. Jedidiah Marc Gold serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 103.62% of MCW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 71.49% of MCW, in contrast to 17.06% held by mutual funds. Shares owned by individuals account for 16.71%. As the largest shareholder in MCW with 3.86% of the stake, Wasatch Advisors, Inc. holds 12,055,730 shares worth 12,055,730. A second-largest stockholder of MCW, Brown Advisory LLC, holds 11,510,312 shares, controlling over 3.68% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MCW, holding 9,900,239 shares or 3.17% stake. With a 1.82% stake in MCW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,686,948 shares are owned by the mutual fund manager. The Fidelity Greater Canada Fund, which owns about 1.36% of MCW stock, is the second-largest Mutual Fund holder. It holds 4,250,000 shares valued at 30.77 million. Brown Advisory Small Cap Growth F holds 1.26% of the stake in MCW, owning 3,928,152 shares worth 28.44 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, MCW reported revenue of $225.16M and operating income of $51.17M. The EBITDA in the recently reported quarter was $51.17M and diluted EPS was $0.11.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MCW analysts setting a high price target of $13.00 and a low target of $7.00, the average target price over the next 12 months is $10.05. Based on these targets, MCW could surge 115.59% to reach the target high and rise by 16.09% to reach the target low. Reaching the average price target will result in a growth of 66.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded MCW stock several times over the past three months with 15 Buys and 12 Sells. In these transactions, 1,776,850 shares were bought while 1,221,129 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 2,399,987 while 1,844,542 shares were sold.