Arkadios Wealth Advisors Has $999,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Key Points

• Arkadios Wealth Advisors increased its stake in Mister Car Wash, Inc. by 160.4%, owning 126,664 shares valued at approximately $999,000.
• Despite a 4.1% year-over-year revenue increase, Mister Car Wash reported an earnings per share of $0.11, missing analysts' expectations of $0.13.
• Mister Car Wash's current market capitalization stands at $1.85 billion, with analyst ratings averaging a Hold and a target price around $8.00.

Arkadios Wealth Advisors grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 160.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,664 shares of the company's stock after purchasing an additional 78,024 shares during the quarter. Arkadios Wealth Advisors' holdings in Mister Car Wash were worth $999,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCW. CWM LLC boosted its holdings in shares of Mister Car Wash by 10.1% in the 1st quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after buying an additional 1,748 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock valued at $392,000 after acquiring an additional 2,364 shares during the last quarter. Bank of Montreal Can boosted its stake in Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after acquiring an additional 2,649 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Mister Car Wash by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after purchasing an additional 3,255 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Mister Car Wash by 11.8% during the first quarter. XTX Topco Ltd now owns 45,207 shares of the company's stock worth $357,000 after purchasing an additional 4,758 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCW shares. UBS Group lowered their price objective on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on shares of Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reduced their price objective on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating for the company in a research note on Thursday, July 31st. Guggenheim reduced their price target on Mister Car Wash from $9.50 to $8.00 and set a "buy" rating on the stock in a report on Monday. Finally, Stephens dropped their price target on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Mister Car Wash presently has an average rating of "Hold" and an average price target of $8.09.

Insider Activity

In related news, Director Veronica Rogers sold 5,205 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total transaction of $36,747.30. Following the completion of the transaction, the director directly owned 27,880 shares in the company, valued at $196,832.80. This represents a 15.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $207,831.52. Following the completion of the sale, the chief executive officer owned 4,578,350 shares in the company, valued at approximately $28,065,285.50. This represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 266,355 shares of company stock valued at $1,733,596 over the last quarter. Corporate insiders own 69.00% of the company's stock.

Mister Car Wash Stock Down 0.7%

NYSE:MCW traded down $0.04 during mid-day trading on Tuesday, hitting $5.61. The company had a trading volume of 1,380,959 shares, compared to its average volume of 1,599,825. Mister Car Wash, Inc. has a 1 year low of $5.27 and a 1 year high of $8.60. The business has a fifty day simple moving average of $6.42 and a 200-day simple moving average of $7.21. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.65 and a beta of 1.48.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business had revenue of $265.42 million during the quarter, compared to analysts' expectations of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Equities analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Mister Car Wash 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.