Mister Car Wash, Inc. $MCW Shares Acquired by Public Sector Pension Investment Board

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 institutional investor owned 296,358 shares of the company's stock after purchasing 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 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MCW. Quantinno Capital Management LP purchased a new position in shares of Mister Car Wash during the 4th quarter worth approximately $77,000. Quarry LP purchased a new position in shares of Mister Car Wash during the 4th quarter worth approximately $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $81,000. BNP Paribas Financial Markets purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $96,000. Finally, LPL Financial LLC purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $102,000.

Mister Car Wash Trading Down 2.2%

Shares of MCW traded down $0.13 during mid-day trading on Monday, reaching $5.89. The company had a trading volume of 941,004 shares, compared to its average volume of 1,591,983. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The firm has a fifty day simple moving average of $6.17 and a 200-day simple moving average of $7.00. Mister Car Wash, Inc. has a fifty-two week low of $5.27 and a fifty-two week high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BTIG Research assumed coverage on shares of Mister Car Wash in a research note on Monday, June 30th. They issued a "neutral" rating for the company. Stifel Nicolaus lowered 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. UBS Group lowered 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. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 target price for the company. Finally, BMO Capital Markets lowered their target price on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mister Car Wash has an average rating of "Hold" and an average target price of $8.09.

Insider Buying and Selling at Mister Car Wash

In related news, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $42,167.07. Following the transaction, the insider owned 23,081 shares in the company, valued at approximately $154,411.89. The trade was a 21.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lo-Minn Lai sold 41,997 shares of Mister Car Wash stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $280,959.93. Following the transaction, the chief executive officer owned 4,532,254 shares in the company, valued at $30,320,779.26. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,945 shares of company stock worth $1,588,371. Insiders own 69.00% of the company's stock.

Mister Car Wash Company 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.