NASDAQ:MCW - Nasdaq - US60646V1052 - Common Stock - Currency: USD
While the broader market has struggled with the S&P 500 down 3.3% since October 2024, Mister Car Wash has surged ahead as its stock price has climbed by 30% to $8.28 per share. This run-up might have investors contemplating their next move.
Mentions: MSFT
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how specialized consumer services stocks fared in Q4, starting with Mister Car Wash (NASDAQ:MCW).
Conveyorized car wash service company Mister Car Wash (NYSE:MCW) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 9.1% year on year to $251.2 million. On the other hand, the company’s full-year revenue guidance of $1.05 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was 25.1% above analysts’ consensus estimates.
Conveyorized car wash service company Mister Car Wash (NYSE:MCW) will be reporting results tomorrow after market hours. Here’s what investors should know.