Picture of Mister Car Wash logo

MCW — Mister Car Wash News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesAdventurousMid CapSuper Stock

Mister Car Wash Q3 revenue beats estimates, partly on growth in UWC memberships

Overview

Mister Car Wash Q3 revenue grows 6%, beating analyst expectations

Adjusted EBITDA for Q3 beats consensus, reflecting strong operational performance

Company expands footprint with acquisition of five stores in Lubbock, TX

Outlook

Company reiterates 2025 net revenue guidance of $1,046 to $1,054 mln

Mister Car Wash expects 2025 comparable-store sales growth of 1.5% to 2.5%

Company plans to open approximately 30 new greenfield locations in 2025

Result Drivers

COMPARABLE-STORE SALES - Increased 3.1% in Q3, contributing to revenue growth

UWC MEMBERSHIPS - Grew by 6%, boosting sales as UWC represented 77% of total wash sales

EXPANSION - Opened 5 new greenfield locations and acquired 5 stores in Lubbock, TX, enhancing market presence

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$263.41 mln$261.37 mln (17 Analysts)
Q3 Net Income$27.41 mln
Q3 Adjusted EBITDABeat$86.80 mln$83.99 mln (17 Analysts)
Q3 Operating income$51.85 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the personal services peer group is "buy" Wall Street's median 12-month price target for Mister Car Wash Inc is $7.50, about 30.9% above its October 28 closing price of $5.18 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nGNX8yM2r9 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Mister Car Wash

See all news