AlphaQuest LLC lessened its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 73.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,316 shares of the company's stock after selling 113,894 shares during the quarter. AlphaQuest LLC's holdings in Mister Car Wash were worth $326,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MCW. Quantinno Capital Management LP purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $77,000. Quarry LP purchased a new stake in Mister Car Wash in the fourth quarter worth $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash in the fourth quarter worth $81,000. BNP Paribas Financial Markets purchased a new stake in Mister Car Wash in the fourth quarter worth $96,000. Finally, LPL Financial LLC purchased a new stake in Mister Car Wash in the fourth quarter worth $102,000.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on MCW shares. Mizuho dropped their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Guggenheim set a $8.00 price target on Mister Car Wash and gave the stock a "buy" rating in a research note on Monday, August 4th. UBS Group dropped their price target on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus decreased their price objective on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating for the company in a report on Thursday, July 31st. Finally, Morgan Stanley decreased their price objective on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.09.
Check Out Our Latest Analysis on MCW
Insider Buying and Selling
In related news, CFO Jedidiah Marc Gold sold 6,357 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $38,968.41. Following the transaction, the chief financial officer owned 75,637 shares in the company, valued at $463,654.81. The trade was a 7.75% 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 102,456 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the completion of the transaction, the insider owned 88,196 shares in the company, valued at approximately $555,634.80. The trade was a 53.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,836 shares of company stock worth $905,262 in the last quarter. Corporate insiders own 69.00% of the company's stock.
Mister Car Wash Stock Down 1.3%
Shares of MCW traded down $0.08 during trading hours on Tuesday, hitting $5.64. The company had a trading volume of 167,151 shares, compared to its average volume of 1,573,456. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.65 and a beta of 1.48. The firm has a fifty day moving average price of $6.12 and a 200-day moving average price of $6.93. Mister Car Wash, Inc. has a 52-week low of $5.27 and a 52-week high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.
Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.
Mister Car Wash Profile
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Free Report)
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.
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