Stock Track | Mister Car Wash Soars 11.88% After Strong Q3 Earnings and Raised Outlook

Stock Track10-31

Mister Car Wash, Inc. (NYSE: MCW) saw its stock price surge by 11.88% on Wednesday, October 31, 2024, following the company's impressive third-quarter earnings report and raised full-year guidance.

The car wash operator reported a 6.5% year-over-year increase in revenue to $249.33 million, slightly exceeding analysts' expectations. Adjusted earnings per share (EPS) of $0.09 beat the consensus estimate of $0.07, driven by a 2.9% increase in comparable store sales and a 10% rise in adjusted EBITDA to $79 million.

A key driver behind Mister Car Wash's strong performance was the success of its Titanium membership offering, which contributed to a 9% increase in Express revenue per member. The company also continued its expansion efforts, opening 10 new stores during the quarter and reaching a milestone of over 500 locations nationwide.

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(NYSE: MCW) saw its stock price surge by 11.88% on Wednesday, October 31, 2024, following the company's impressive third-quarter earnings report and raised full-year guidance.\n...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MCW","symbol_name":"Mister Car Wash, Inc.","start_time":0,"source_url":"","article_id":"1109375385","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109375385","pubTimestamp":1730382139,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Mister Car Wash, Inc.  saw its stock price surge by 11.88% on Wednesday, October 31, 2024, following the company's impressive third-quarter earnings report and raised full-year guidance.The car wash operator reported a 6.5% year-over-year increase in revenue to $249.33 million, slightly exceeding analysts' expectations. 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