Mister Car Wash ( NYSE: MCW ) stock surged over 12% higher on Monday ahead of its inclusion in the S&P SmallCap 600.
The Tucson, Arizona-based conveyorized car wash services provider is due to join the index on October 3. The company will replace ExlService Holdings, which is due to join the S&P MidCap 400.
Despite the 12.17% jump on Monday, shares remain about 50% lower from their starting point in 2022 and well below its 52-week peak of $19.82.
SeekingAlpha Quant ratings retain a “Strong Sell” rating on the stock .
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Mister Car Wash stock moves higher ahead of index inclusion