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Franchise Equity Partners to Acquire IMO Car Wash from Driven Brands
Prnewswire· 2025-12-02 14:15
Core Insights - Franchise Equity Partners (FEP) has announced its first international acquisition by purchasing IMO Car Wash, the largest tunnel car wash operator globally, which has 720 locations primarily in the UK and Germany [1][2]. Company Overview - IMO Car Wash has been in operation for 60 years and is recognized as a trusted car wash brand, serving millions of customers annually through a high-volume model [2]. - The company boasts a diversified operational footprint and is supported by a management team with extensive experience in the car wash industry [2]. Strategic Goals - FEP views the acquisition of IMO as a unique opportunity to acquire a market-leading brand with a strong operational team and a defensible market position [3]. - The firm aims to optimize and enhance performance across IMO's existing portfolio, leveraging its established customer base and retail partnerships to drive organic growth [3][4]. - Under FEP's ownership, IMO plans to focus on increasing wash volumes, improving customer experience, and enhancing strategic retail partnerships [3]. Market Positioning - The acquisition aligns with FEP's strategy of partnering with leading operators in resilient industries, where scale, brand recognition, and operational efficiency provide sustainable competitive advantages [4].
Mister Car Wash (MCW) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-29 22:51
Core Insights - Mister Car Wash (MCW) reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, and showing an increase from $0.09 per share a year ago, resulting in an earnings surprise of +10.00% [1] - The company achieved revenues of $263.42 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.86% and up from $249.33 million year-over-year [2] - The stock has underperformed, losing approximately 28.9% since the beginning of the year, compared to a 17.2% gain in the S&P 500 [3] Earnings Performance - Over the last four quarters, Mister Car Wash has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $0.10, with expected revenues of $260.69 million, and for the current fiscal year, the estimate is $0.42 on $1.05 billion in revenues [7] Market Outlook - The company's earnings outlook and management's commentary on the earnings call will be crucial for future stock performance [3][4] - The Zacks Rank for Mister Car Wash is currently 4 (Sell), indicating expectations of underperformance in the near future [6] - The Automotive - Replacement Parts industry, to which Mister Car Wash belongs, is currently in the top 27% of Zacks industries, suggesting a favorable industry outlook [8]
Mister Car Wash Acquires Five Stores from Whistle Express, Expanding Presence in Lubbock, Texas
Globenewswire· 2025-10-21 11:00
Core Insights - Mister Car Wash, Inc. has acquired five Whistle Express locations in Lubbock, Texas, increasing its presence in the market from four to nine locations, thereby solidifying its market leadership in the area [1][2] Group 1: Acquisition Details - The acquisition enhances Mister Car Wash's footprint in Lubbock, establishing a leading market position with a total of nine locations [1] - Stephens Inc. acted as the exclusive financial advisor to Whistle Express during this divestiture [1] Group 2: Company Commitment - The company emphasizes its commitment to making car care more accessible while maintaining high-quality service for customers [2] - A seamless transition for Whistle Express customers and team members is planned to ensure continued access to reliable car wash services [2] Group 3: Company Overview - Mister Car Wash operates approximately 525 locations and boasts North America's largest car wash subscription program [4] - The company is dedicated to providing clean, shiny, and dry vehicles, with a focus on exceptional customer experiences and responsible environmental practices [4]
Mister Car Wash to Report Third Quarter 2025 Financial Results on October 29, 2025
Globenewswire· 2025-10-15 20:05
Core Viewpoint - Mister Car Wash, Inc. will release its financial results for Q3 2025 on October 29, 2025, followed by a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results for the third quarter of 2025 will be released after market close on October 29, 2025 [1]. - A conference call to discuss the financial results will take place at 4:30 p.m. Eastern Time on the same day [1]. Group 2: Conference Call Participation - Investors and analysts can participate in the call by dialing 855-209-8213 or 1-412-542-4146 for international callers [2]. - A live audio webcast of the conference call will be available online [2]. - A recorded replay of the conference call will be accessible approximately three hours after its conclusion [2]. Group 3: Company Overview - Mister Car Wash, Inc. is headquartered in Tucson, Arizona, and operates approximately 525 locations [3]. - The company has the largest car wash subscription program in North America [3]. - Mister Car Wash is committed to providing exceptional customer experiences and responsible environmental practices [3].
Mister Car Wash to Report Second Quarter 2025 Financial Results on July 30, 2025
Globenewswire· 2025-07-16 20:05
Core Points - Mister Car Wash, Inc. will release its financial results for Q2 2025 on July 30, 2025, after market close [1] - A conference call to discuss the financial results will be held on the same day at 4:30 p.m. Eastern Time [1] - Investors and analysts can participate in the call by dialing the provided numbers or accessing the live audio webcast [2] Company Overview - Mister Car Wash, Inc. is headquartered in Tucson, Arizona, and operates over 500 locations [3] - The company has the largest car wash subscription program in North America [3] - Mister Car Wash is committed to exceptional customer experiences, responsible environmental practices, and community engagement [3]