Arkadios Wealth Advisors Has $999,000 Stake 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 lifted its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 160.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,664 shares of the company's stock after buying 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.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its position in 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 acquiring 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 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares in the last quarter. Bank of Montreal Can lifted its position in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after buying an additional 2,649 shares in the last quarter. MetLife Investment Management LLC lifted its position in Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after buying an additional 3,255 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in Mister Car Wash by 11.8% during the 1st quarter. XTX Topco Ltd now owns 45,207 shares of the company's stock worth $357,000 after buying an additional 4,758 shares in the last quarter.

Insider Transactions at Mister Car Wash

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

Analysts Set New Price Targets

MCW has been the topic of several analyst reports. UBS Group cut their price target on shares of Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Morgan Stanley lowered their target price on shares of Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Stephens dropped their target price on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets dropped their target price on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8.09.

Mister Car Wash Stock Performance

Shares of MCW traded down $0.04 during mid-day trading on Thursday, hitting $5.72. 745,822 shares of the company's stock were exchanged, compared to its average volume of 1,593,952. Mister Car Wash, Inc. has a 52 week low of $5.27 and a 52 week high of $8.60. The stock's 50-day simple moving average is $6.37 and its 200-day simple moving average is $7.18. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $265.42 million for the quarter, compared to analyst estimates 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 was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. On average, equities research analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

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.