Mister Car Wash Shines In Profitability, While Shares Appear Fairly Valued

tirc83/E+ via Getty Images Investment Thesis Mister Car Wash (NYSE:MCW) is the largest publicly traded machine car wash operator in the U.S. Since the early 2000s, the firm has grown rapidly to become a nationwide chain of wash centres. Since their IPO, profitability has failed to match lofty valuations. However, solid fiscal improvements in 2023 have coincided with a much fairer share price which, given a base-case outlook for 2024, may suggest a 15% undervaluation in shares. Nevertheless, significant  ...