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TUCSON - Mister Car Wash, Inc. (NASDAQ:MCW) shares soared 10.6% after the nation’s leading car wash brand reported third-quarter results that exceeded analyst expectations and reaffirmed its full-year outlook.
The company posted adjusted earnings of $0.11 per share for the quarter ended September 30, beating the analyst consensus of $0.10. Revenue climbed 6% year-over-year to $263.4 million, surpassing estimates of $261.51 million. Comparable-store sales increased 3.1%, marking the company’s tenth consecutive quarter of growth in this metric.
"We delivered a solid third quarter performance, underscoring the strength of our strategy, the resilience of our business model, and the dedication of our team," said John Lai, Chairperson and CEO of Mister Car Wash.
The company’s Unlimited Wash Club memberships grew 6% YoY to over 2.2 million members, now representing 77% of total wash sales compared to 74% in the same period last year. Adjusted EBITDA increased 10% to $86.8 million from $78.8 million in the third quarter of 2024.
During the quarter, Mister Car Wash opened five new greenfield locations, bringing its total to 527 car wash locations as of September 30, a 5% increase from 501 locations a year earlier. The company also completed the acquisition of five stores in Lubbock, Texas after the quarter closed.
Looking ahead, Mister Car Wash reaffirmed its full-year 2025 guidance, projecting revenue between $1.046 billion and $1.054 billion, in line with analyst expectations of $1.049 billion. The company expects adjusted earnings per share of $0.42 to $0.43, matching the consensus estimate of $0.42.
The strong quarterly performance and positive market reaction reflect investor confidence in the company’s growth strategy and operational execution in the competitive car wash industry.
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