Mister Car Wash, Inc. (NYSE:MCW) Receives $23.33 Average Target Price from Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW – Get Rating) have received an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $23.33.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Mister Car Wash in a report on Thursday, February 3rd. They issued a “hold” rating and a $20.00 target price on the stock. FIG Partners upgraded shares of Mister Car Wash to a “reduce” rating in a research note on Tuesday, November 16th. Zacks Investment Research lowered shares of Mister Car Wash from a “buy”

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Elon Musk reveals another Tesla “Full Self-Driving” price increase

Tesla may be credited for turning the automotive industry on its head and pushing forward battery-powered cars and power solutions, but that might not be what it’s remembered for. Company CEO Elon Musk has long been promising a future of fully autonomous cars, but its Full Self-Driving (FSD) feature, despite the name, barely makes the grade. The capability has been one of Tesla’s most controversial features, and the controversy just keeps coming with this latest pre-announcement from Musk.

Image: Tesla

Tesla cars have two features with names that spark the imagination and, at the same time, engender some confusion. Autopilot, a standard feature on all its models, offers basic driver assistance like automatic emergency braking, while the optional Full Self-Driving package adds more on top, including automatic lane changing and “smart summon.” The two names have been criticized as misleading, as drivers presume they can keep their hands off the

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Used Car Price Bubble Predicted To Pop Soon

⚡️ Read the full article on Motorious

Bad news for everyone who bought high…

Thanks in large part to the shortage of automotive microprocessor chips, there’s been a shortage of new cars in the past year, driving used vehicle prices sky high. In some extreme cases, this has resulted in some trucks, SUVs and even cars which are only a few years old selling for more than they did when brand new, leaving many shoppers in extreme sticker shock. While some have shelled out for the higher prices for a number of reasons, others have decided to hold out until sanity returns to the market. It looks like the price inflation bubble popping is now on the horizon, bringing both good and bad news, depending on where you sit.

Learn why a guy blew up his Tesla here.

Per a recent report from Automotive News, analysis of data collected

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Analysts warn of possible used car price plunge in late 2022

A new report from Automotive News suggests that the current used vehicle price boom will die in late 2022 and early 2023.

Using data and analysis from consulting firm KPMG, it’s predicted that average used car prices will fall about 20-30% in a return to a normal relationship to new car prices. Of course, this is contingent on vehicle supply, of which KPMG believes will reach equilibrium around October 2022 and into 2023. 

Even if it takes until late 2022 for new car supply to catch up to demand, KPMG believes that used car prices will start their downward trend before then. This could happen because KPMG predicts that the market will anticipate greater new car supply and reduce used car prices to go along with it.

The dip that analysts believe is coming is going to be a sharp one. Used car prices are up about 42% on

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