The consensus price target for Mister Car Wash has been reduced to $8.39, primarily reflecting lower revenue growth forecasts and a slightly higher discount rate.
What's in the News
- Mister Car Wash lowered its full-year revenue guidance, now expecting net revenue between $1,046 million and $1,054 million, down from prior guidance of up to $1,064 million.
- The company opened its first Denver location, bringing its total to over 500 nationwide and 11 in Colorado, with promotional offers to attract new subscribers.
Valuation Changes
Summary of Valuation Changes for Mister Car Wash
- The Consensus Analyst Price Target has fallen from $9.22 to $8.39.
- The Consensus Revenue Growth forecasts for Mister Car Wash has fallen from 7.0% per annum to 6.3% per annum.
- The Discount Rate for Mister Car Wash has risen slightly from 8.17% to 8.50%.
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