BMO Capital analyst Tristan M. Thomas-Martin has maintained their bullish stance on MCW stock, giving a Buy rating today.
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Tristan M. Thomas-Martin has given his Buy rating due to a combination of factors including Mister Car Wash’s solid performance and strategic initiatives. The company’s 4Q24 results were in line with expectations, with same-store sales growth surpassing forecasts, which highlights its strong operational execution despite external challenges.
Moreover, the company’s subscription model continues to show promise, with a notable increase in Unlimited Wash Club membership and revenue per member. The successful rollout of the Titanium 360 program also exceeded expectations, contributing to the company’s positive outlook. Additionally, Mister Car Wash’s plans for continued expansion through new locations and market share growth in a fragmented industry provide further confidence in its future performance.
M. Thomas-Martin covers the Consumer Cyclical sector, focusing on stocks such as O’Reilly Auto, Polaris, and Winnebago Industries. According to TipRanks, M. Thomas-Martin has an average return of -2.4% and a 47.62% success rate on recommended stocks.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $11.00 price target.