MISTER CAR WASH Reports Lower-Than-Expected Q4 Earnings and Revenue
May 3, 2023
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Mister Car Wash ($NYSE:MCW) has reported lower-than-expected earnings and revenue for their fourth quarter. The company’s Non-GAAP Earnings Per Share (EPS) of $0.08 missed expectations by $0.01, and their revenue of $226M was lower than predicted by $4.02M. Mister Car Wash is a car care service provider and operator of car washes, express lubes, and related services across the United States. Their services include exterior and interior cleaning, waxes, tire shine, wheel treatments, carpet extraction, interior protection and other services that increase the look, feel and performance of vehicles.
Market Price
On Tuesday, MISTER CAR WASH stock opened at $8.6 and closed at $8.5, a decrease of 2.8% from the previous closing price of 8.7. This report of lower-than-expected earnings and revenue has caused the stock to slip, indicating that investors may be worried about the company’s future prospects. The slowing economy also resulted in fewer customers visiting MISTER CAR WASH locations, leading to a decrease in revenue and profits.
The company has implemented a number of cost-saving measures and is focusing on customer service initiatives in order to drive the business forward. With a strong track record of success and a commitment to providing excellent service, MISTER CAR WASH is confident that it can turn its fortunes around and return to profitability in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MCW. More…
| Total Revenues | Net Income | Net Margin |
| 876.51 | 112.9 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MCW. More…
| Operations | Investing | Financing |
| 229.2 | -190.13 | 6.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MCW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.69k | 1.89k | 2.61 |
Key Ratios Snapshot
Some of the financial key ratios for MCW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 34.7% | 21.4% |
| FCF Margin | ROE | ROA |
| 4.3% | 14.9% | 4.4% |
Analysis
At GoodWhale we analyzed the fundamentals of MISTER CAR WASH and found that it is a medium risk investment. We conducted a thorough analysis of their financials, including their income sheet, balance sheet, and cash flow statement, and detected 3 risk warnings. Our analysis reveals that MISTER CAR WASH is a safe investment option with some risks, but the rewards may be worth it. The company has a long track record of success and has been able to maintain steady growth over the years. We recommend investors conduct their own due diligence and consider MISTER CAR WASH as a potential addition to their portfolios. If you’d like to get an in-depth look at the financials of MISTER CAR WASH, register with GoodWhale and see what insights our analysis has uncovered. We have all the data you need to make an informed decision about your investments. More…
Peers
The company offers a wide range of car wash services, including full-service car washes, express car washes, and self-service car washes. Mister Car Wash Inc competes with Bilia AB, Winnebago Industries Inc, and Eastern Pioneer Driving School Co Ltd in the car wash industry.
– Bilia AB ($LTS:0RQ2)
Bilia AB is a Swedish company that specializes in the retail of automobiles and related products. The company has a market capitalization of 11.66 billion as of 2022 and a return on equity of 30.75%. Bilia AB operates through a network of over 100 stores in Sweden, Norway, and Finland. The company offers a range of vehicles, including cars, vans, trucks, and motorcycles. In addition to its retail operations, Bilia AB also provides financing, leasing, and insurance services.
– Winnebago Industries Inc ($NYSE:WGO)
Winnebago Industries Inc is a leading manufacturer of motorhomes in the United States. It has a market cap of 1.7B as of 2022 and a ROE of 28.08%. The company designs, manufactures and markets motorized and towable recreational vehicles, parts and accessories through its dealer network.
– Eastern Pioneer Driving School Co Ltd ($SHSE:603377)
As of 2022, East Pioneer Driving School Co Ltd has a market cap of 3.97B and a Return on Equity of 5.8%. The company is a driving school that offers driving lessons and tests. It also provides car rental and leasing services.
Summary
Mister Car Wash recently released its Non-GAAP Earnings Per Share (EPS) report for the quarter, with a result of $0.08 missing the expected figure by $0.01. Revenue also missed the expected mark by $4.02M, coming in at $226M. This miss was unexpected as analysts had previously forecasted higher earnings and revenue numbers.
Investors are closely analyzing these results to determine the future outlook for Mister Car Wash. The company will need to make adjustments to their business strategy and operations in order to remain competitive and profitable in the coming years.
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