Fintel reports that on May 3, 2024, JP Morgan upgraded their outlook for Mister Car Wash (NYSE:MCW) from Neutral to Overweight.
Analyst Price Forecast Suggests 35.32% Upside
As of May 2, 2024, the average one-year price target for Mister Car Wash is 9.91. The forecasts range from a low of 5.05 to a high of $12.60. The average price target represents an increase of 35.32% from its latest reported closing price of 7.32.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mister Car Wash is 1,051MM, an increase of 11.77%. The projected annual non-GAAP EPS is 0.45.
What is the Fund Sentiment?
There are 358 funds or institutions reporting positions in Mister Car Wash. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to MCW is 0.23%, an increase of 64.43%. Total shares owned by institutions increased in the last three months by 3.27% to 347,652K shares. 
The put/call ratio of MCW is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Leonard Green & Partners holds 219,213K shares representing 68.97% ownership of the company. No change in the last quarter.
Wasatch Advisors holds 16,424K shares representing 5.17% ownership of the company. In its prior filing, the firm reported owning 16,156K shares , representing an increase of 1.63%. The firm decreased its portfolio allocation in MCW by 13.43% over the last quarter.
Brown Advisory holds 14,845K shares representing 4.67% ownership of the company. In its prior filing, the firm reported owning 13,536K shares , representing an increase of 8.82%. The firm decreased its portfolio allocation in MCW by 53.81% over the last quarter.
FIL holds 11,500K shares representing 3.62% ownership of the company. In its prior filing, the firm reported owning 12,500K shares , representing a decrease of 8.70%. The firm increased its portfolio allocation in MCW by 28.70% over the last quarter.
Sun Life Financial holds 9,269K shares representing 2.92% ownership of the company. No change in the last quarter.
Mister Car Wash Background Information
(This description is provided by the company.)
Headquartered in Tucson, Arizona, Mister Car Wash operates over 340 car washes nationwide. The Mister Car Wash brand is anchored in quality, friendliness and a commitment to creating memorable customer experiences. Mister Car Wash’s people are what make it successful and allow it to achieve these high standards. Mister Car Wash continues to focus on recruiting and retaining top talent, developing best-in-class training programs and investing in employee benefits to cultivate a positive company culture.
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This story originally appeared on Fintel.
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