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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$263.41 mln
$261.37 mln (17 Analysts)
Q3 Net Income
$27.41 mln
Q3 Adjusted EBITDA
Beat
$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
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(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.)