Mister Car Wash, Inc.: Initiation Of Coverage – Increased Revenue Through Titanium 360 Rollout & Member Upgrades

Mister Car Wash unveiled its financial performance for the fourth quarter and full fiscal year ending December 31, 2023. The annual results demonstrated solid progress driven by the company’s efforts to enhance its services, physical operations, and team. During Q4, sales rose 7% to $230 million, and adjusted EBITDA grew by 5% to $69.5 million. The company also added 14 new greenfield stores during this period, ending the year with a total of 476 locations, reflecting its robust growth trajectory despite challenges posed by increased competition, high inflation, high interest rates, and a tight labor market.