Mister Car Wash Inc

MCW

Equity

ISIN US60646V1052 / Valor 111974989

New York Stock Exchange, Inc (2025-03-14)

USD 7.93+1.80%

Mister Car Wash Inc
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About company

Mister Car Wash Inc operates a chain of car washes across the United States, offering a variety of exterior cleaning, detailing, and maintenance services for vehicles.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Mister Car Wash Inc. reported a 7% increase in net revenues for the third quarter of 2024, reaching $249.3 million, compared to $234.1 million in the same quarter of 2023. This growth was driven by a combination of factors, including an increase in comparable-store sales and the expansion of their Unlimited Wash Club® memberships.

Comparable-Store Sales

During the third quarter of 2024, Mister Car Wash Inc. experienced a 2.9% increase in comparable-store sales. This positive trend reflects the company's ability to attract and retain customers, as well as the successful implementation of their new premium Titanium offering.

Unlimited Wash Club® Memberships

Mister Car Wash Inc. saw a 2% year-over-year increase in Unlimited Wash Club® memberships, adding approximately 39,000 net new members. As of September 30, 2024, the company had approximately 2.1 million members, with UWC sales representing 74% of total wash sales.

Net Income and Adjusted EBITDA

For the third quarter of 2024, Mister Car Wash Inc. reported a net income of $22.3 million, with net income per diluted share at $0.07. The company's adjusted net income was $28.8 million, or $0.09 per diluted share, while adjusted EBITDA increased by 10% to $78.8 million compared to the third quarter of 2023.

Expansion and Outlook

In the third quarter of 2024, Mister Car Wash Inc. opened 10 new greenfield locations, surpassing 500 total locations. The company has raised its adjusted net income and adjusted EBITDA guidance for the full fiscal year, reflecting confidence in continued growth and expansion efforts.

Summarized from source with an LLMView Source

Key figures

11.5%1Y

-45.5%3Y

%5Y

Performance

39.1%1Y

46.6%3Y

46.6%5Y

Volatility