Calamos Advisors LLC Makes New Investment in Mister Car Wash, Inc. (NYSE:MCW)

Calamos Advisors LLC purchased a new position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,806 shares of the company's stock, valued at approximately $314,000.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mister Car Wash by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after purchasing an additional 2,364 shares in the last quarter. Swiss National Bank increased its stake in shares of Mister Car Wash by 1.4% in the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock worth $1,384,000 after purchasing an additional 2,600 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after purchasing an additional 2,649 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Mister Car Wash by 41.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,646 shares of the company's stock worth $136,000 after purchasing an additional 5,437 shares in the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded down $0.20 during trading hours on Friday, reaching $6.62. The company's stock had a trading volume of 1,648,583 shares, compared to its average volume of 1,512,019. The firm has a 50 day moving average price of $6.81 and a 200-day moving average price of $7.30. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The stock has a market cap of $2.15 billion, a P/E ratio of 30.09, a P/E/G ratio of 1.65 and a beta of 1.49.

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Raymond James Financial assumed coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. UBS Group reduced their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. BTIG Research assumed coverage on shares of Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating on the stock. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price target on the stock. Finally, Stephens reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.50.

Insider Activity at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 102,456 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $6.30, for a total transaction of $645,472.80. Following the transaction, the insider directly owned 88,196 shares in the company, valued at approximately $555,634.80. This represents a 53.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Veronica Rogers sold 5,205 shares of the company's stock in a transaction dated 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 $196,832.80. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,355 shares of company stock worth $1,733,596 in the last three months. 69.00% of the stock is owned by insiders.

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.