Dark Forest Capital Management LP Makes New Investment in Mister Car Wash, Inc. (NYSE:MCW)

Dark Forest Capital Management LP bought a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,619 shares of the company's stock, valued at approximately $318,000.

A number of other large investors also recently modified their holdings of MCW. Forum Financial Management LP bought a new position in shares of Mister Car Wash during the 4th quarter valued at approximately $81,000. Blue Trust Inc. lifted its position in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after buying an additional 5,032 shares during the last quarter. LPL Financial LLC bought a new position in shares of Mister Car Wash during the 4th quarter worth $102,000. Bank of Montreal Can increased its holdings in Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after acquiring an additional 2,649 shares during the last quarter. Finally, ClearAlpha Technologies LP bought a new stake in Mister Car Wash in the 4th quarter valued at about $111,000.

Mister Car Wash Stock Up 0.7 %

Shares of NYSE MCW traded up $0.05 during midday trading on Friday, hitting $7.54. The stock had a trading volume of 1,689,932 shares, compared to its average volume of 1,589,321. The company has a market cap of $2.45 billion, a P/E ratio of 34.27, a PEG ratio of 1.65 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The business's 50 day moving average is $7.62 and its 200-day moving average is $7.56. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. Mister Car Wash's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. As a group, analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MCW shares. Morgan Stanley increased their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Raymond James assumed coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target for the company. Stephens cut their price objective on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, UBS Group lowered their price objective on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Mister Car Wash currently has a consensus rating of "Hold" and a consensus price target of $8.46.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the transaction, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,009 shares of company stock valued at $2,397,123. Insiders own 70.00% of the company's stock.

About Mister Car Wash

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.