Stock Track | Mister Car Wash Soars 14.96% on Strong Q3 Earnings and Raised Outlook

Stock Track11-01

Shares of Mister Car Wash, Inc. (NYSE: MCW) surged 14.96% on Wednesday, October 31, 2024, driven by the company's impressive third-quarter financial results and upbeat outlook for the full year.

The car wash operator reported a 7% year-over-year increase in revenue to $249 million, slightly exceeding analysts' expectations. The strong revenue growth was fueled by a 2.9% rise in comparable store sales and the success of the company's Titanium membership offering, which contributed to a 9% increase in Express revenue per member.

Mister Car Wash's adjusted earnings per share (EPS) of $0.09 also beat the consensus estimate of $0.07, as the company's adjusted EBITDA rose 10% to $79 million, with a 100-basis-point improvement in adjusted EBITDA margin to 31.6%. The company's expansion efforts also paid off, with 10 new stores opened during the quarter, reaching a milestone of over 500 locations nationwide.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1188236498?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 03:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1188236498","market":"us","top_or_hot":-1,"title":"Stock Track | Mister Car Wash Soars 14.96% on Strong Q3 Earnings and Raised Outlook","media":"Stock Track","content":"<p>Shares of Mister Car Wash, Inc. (NYSE: MCW) surged 14.96% on Wednesday, October 31, 2024, driven by the company's impressive third-quarter financial results and upbeat outlook for the full year.</p>\n\n<p>The car wash operator reported a 7% year-over-year increase in revenue to $249 million, slightly exceeding analysts' expectations. The strong revenue growth was fueled by a 2.9% rise in comparable store sales and the success of the company's Titanium membership offering, which contributed to a 9% increase in Express revenue per member.</p>\n\n<p>Mister Car Wash's adjusted earnings per share (EPS) of $0.09 also beat the consensus estimate of $0.07, as the company's adjusted EBITDA rose 10% to $79 million, with a 100-basis-point improvement in adjusted EBITDA margin to 31.6%. The company's expansion efforts also paid off, with 10 new stores opened during the quarter, reaching a milestone of over 500 locations nationwide.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Mister Car Wash Soars 14.96% on Strong Q3 Earnings and Raised Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Mister Car Wash Soars 14.96% on Strong Q3 Earnings and Raised Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-01 03:42 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Mister Car Wash, Inc. (NYSE: MCW) surged 14.96% on Wednesday, October 31, 2024, driven by the company's impressive third-quarter financial results and upbeat outlook for the full year.\nThe ...</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":"1188236498","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188236498","pubTimestamp":1730403746,"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":"Shares of Mister Car Wash, Inc.  surged 14.96% on Wednesday, October 31, 2024, driven by the company's impressive third-quarter financial results and upbeat outlook for the full year.The car wash operator reported a 7% year-over-year increase in revenue to $249 million, slightly exceeding analysts' expectations. The strong revenue growth was fueled by a 2.9% rise in comparable store sales and the success of the company's Titanium membership offering, which contributed to a 9% increase in Express","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MCW":"Mister Car Wash, Inc."},"translate_title":"股票赛道Mister Car Wash因第三季度盈利强劲和前景上调而飙升14.96%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCW":1},"content_text":"Shares of Mister Car Wash, Inc. (NYSE: MCW) surged 14.96% on Wednesday, October 31, 2024, driven by the company's impressive third-quarter financial results and upbeat outlook for the full year.\nThe car wash operator reported a 7% year-over-year increase in revenue to $249 million, slightly exceeding analysts' expectations. The strong revenue growth was fueled by a 2.9% rise in comparable store sales and the success of the company's Titanium membership offering, which contributed to a 9% increase in Express revenue per member.\nMister Car Wash's adjusted earnings per share (EPS) of $0.09 also beat the consensus estimate of $0.07, as the company's adjusted EBITDA rose 10% to $79 million, with a 100-basis-point improvement in adjusted EBITDA margin to 31.6%. The company's expansion efforts also paid off, with 10 new stores opened during the quarter, reaching a milestone of over 500 locations nationwide.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188236498"}