Public Sector Pension Investment Board Has $2.34 Million Stock Position in Mister Car Wash, Inc. $MCW

Key Points

• The Public Sector Pension Investment Board increased its stake in Mister Car Wash, Inc. by 26.8% in the first quarter, purchasing an additional 62,646 shares.
• Mister Car Wash reported a quarterly earnings per share of $0.11, missing consensus estimates, and set its FY 2025 guidance at 0.420-0.430 EPS.
• Several analysts have lowered their price targets for Mister Car Wash, with the average consensus price target now at $8.09, alongside a mix of Buy, Hold, and Sell ratings.

Public Sector Pension Investment Board lifted its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 26.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,358 shares of the company's stock after buying an additional 62,646 shares during the period. Public Sector Pension Investment Board owned about 0.09% of Mister Car Wash worth $2,338,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of 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 during the last quarter. Avory & Company LLC boosted its stake in shares of Mister Car Wash by 3,298.5% during the 1st quarter. Avory & Company LLC now owns 791,949 shares of the company's stock worth $6,248,000 after buying an additional 768,646 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Mister Car Wash during the 4th quarter worth about $577,000. Accurate Wealth Management LLC acquired a new position in shares of Mister Car Wash during the 1st quarter worth about $983,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after buying an additional 958,479 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCW shares. Guggenheim set a $8.00 price objective on shares of Mister Car Wash and gave the stock a "buy" rating in a research note on Monday, August 4th. UBS Group cut their target price on shares of 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 cut their target price on shares of 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. Morgan Stanley cut their target price on shares of Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Finally, Piper Sandler cut their target price on shares of Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8.09.

Insider Buying and Selling at Mister Car Wash

In related news, insider Mary Lyn Porter sold 6,303 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the sale, the insider directly owned 23,081 shares in the company, valued at approximately $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 6,357 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $38,968.41. Following the sale, the chief financial officer directly owned 75,637 shares in the company, valued at $463,654.81. This represents a 7.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,945 shares of company stock worth $1,588,371. 69.00% of the stock is currently owned by company insiders.

Mister Car Wash Stock Performance

NYSE MCW traded up $0.28 on Friday, reaching $6.02. The stock had a trading volume of 1,846,735 shares, compared to its average volume of 1,596,052. 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 company has a market cap of $1.97 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The firm has a fifty day moving average of $6.17 and a two-hundred day moving average of $7.02. Mister Car Wash, Inc. has a 1-year low of $5.27 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $265.42 million for the quarter, compared to analyst estimates of $271.83 million. During the same period in the prior year, the business posted $0.11 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts anticipate 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.