MQS Management LLC Takes $212,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

MQS Management LLC bought a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,609 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCW. AQR Capital Management LLC increased its position in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mister Car Wash by 64.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after acquiring an additional 535,873 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Mister Car Wash by 23.4% during the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after acquiring an additional 337,272 shares in the last quarter. Sei Investments Co. increased its position in shares of Mister Car Wash by 30.5% during the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock worth $4,999,000 after acquiring an additional 150,641 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Mister Car Wash by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after acquiring an additional 145,374 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on MCW shares. The Goldman Sachs Group boosted their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $338,199.16. This trade represents a 76.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 in the last quarter. Insiders own 70.00% of the company’s stock.

Mister Car Wash Trading Down 0.4 %

NYSE:MCW opened at $7.93 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45. The firm has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $6.94.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, equities analysts expect that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.