Despite past mistakes, I now see Mister Car Wash as a soft 'buy' due to its attractive valuation and continued business expansion. The company has shown impressive growth in locations and subscribers, with revenue rising as locations and comparable sales grow. Mister Car Wash's subscription model ensures predictable cash flow, with subscriber revenue growing from 64% in 2021 to 71% in 2023, with that figure rising further this year.
While the top- and bottom-line numbers for Mister Car Wash (MCW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Mister Car Wash, Inc. (NYSE:MCW ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants John Lai - Chairman & Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Justin Kleber - Baird Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Securities David Bellinger - Mizuho Michael Lasser - UBS Christian Carlino - JPMorgan Sabrina Baxamusa - William Blair David Lantz - Wells Fargo Operator Good afternoon and welcome to Mister Car Wash's Conference Call to discuss Financial Results for the Third Quarter ending September 30, 2024. [Operator Instructions] Please note that this is being recorded and a reproduction of this call in whole or in part is not permitted without written authorization from the company.
Mister Car Wash (MCW) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago.
I upgraded my rating to buy for Mister Car Wash due to better growth outlook for FY25 and improved adj. EBITDA performance. In 2Q24, MCW reported strong total revenue growth and adj. EBITDA performance. Revised model assumptions show potential for attractive upside.
Mister Car Wash, Inc. (NYSE:MCW ) Q2 2024 Earnings Call July 31, 2024 4:30 PM ET Company Participants John Lai - Chairman and Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Justin Kleber - Baird Henry Carr - UBS Chris O'Cull - Stifel Christian Carlino - JPMorgan David Bellinger - Mizuho John Heinbockel - Guggenheim Simeon Gutman - Morgan Stanley Phillip Blee - William Blair Peter Keith - Piper Sandler Robby Ohmes - Bank of America Tristan Thomas-Martin - BMO Capital Markets Operator Good afternoon and welcome to Mister Car Wash's Earnings Call to discuss the Financial Results for the Second Quarter ending June 30, 2024. [Operator Instructions] Please note that this call is being recorded and a reproduction of this call in whole or in part is not permitted without written authorization from the company.
Although the revenue and EPS for Mister Car Wash (MCW) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Mister Car Wash (MCW) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.09 per share a year ago.