Nuveen LLC Buys Shares of 215,601 Mister Car Wash, Inc. $MCW

Key Points

• Nuveen LLC acquired 215,601 shares of Mister Car Wash, Inc. worth approximately $1.7 million, representing a 0.07% ownership stake.
• Mister Car Wash CEO John Lo-Minn Lai sold 33,904 shares at $6.13 each, decreasing his ownership by 0.74% and valuing his remaining shares at about $28 million.
• Despite a recent earnings miss, analysts maintain a generally positive outlook on Mister Car Wash, with six analysts rating it as a Buy and an average price target of $8.09.

Nuveen LLC purchased a new stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 215,601 shares of the company's stock, valued at approximately $1,701,000. Nuveen LLC owned about 0.07% of Mister Car Wash as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brown Advisory Inc. boosted its holdings in Mister Car Wash by 6.8% in the first quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock valued at $104,870,000 after purchasing an additional 843,225 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Mister Car Wash by 0.4% in the first quarter. Vanguard Group Inc. now owns 10,686,795 shares of the company's stock valued at $84,319,000 after purchasing an additional 40,236 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after buying an additional 958,479 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Mister Car Wash during the fourth quarter valued at approximately $10,392,000. Finally, Millennium Management LLC raised its stake in Mister Car Wash by 146.1% during the fourth quarter. Millennium Management LLC now owns 891,076 shares of the company's stock valued at $6,496,000 after buying an additional 529,050 shares in the last quarter.

Analysts Set New Price Targets

MCW has been the topic of several research reports. Morgan Stanley cut their price objective on 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 cut their price objective on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a research note on Thursday, July 31st. Piper Sandler cut their price objective on Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. BTIG Research started coverage on Mister Car Wash in a research report on Monday, June 30th. They set a "neutral" rating on the stock. Finally, Mizuho dropped their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mister Car Wash currently has an average rating of "Hold" and an average target price of $8.09.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 6,357 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $38,968.41. Following the completion of the sale, the chief financial officer directly owned 75,637 shares of the company's stock, valued at $463,654.81. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph Duane Matheny sold 102,456 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total value of $645,472.80. Following the sale, the insider directly owned 88,196 shares of the company's stock, valued at approximately $555,634.80. This represents a 53.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,836 shares of company stock valued at $905,262 in the last three months. 69.00% of the stock is currently owned by corporate insiders.

Mister Car Wash Price Performance

NYSE MCW traded down $0.08 on Tuesday, reaching $5.63. 1,233,384 shares of the stock traded hands, compared to its average volume of 1,580,201. The firm's fifty day simple moving average is $6.12 and its 200 day simple moving average is $6.93. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.65 and a beta of 1.48. Mister Car Wash, Inc. has a 12 month low of $5.27 and a 12 month high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $265.42 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, research analysts predict that Mister Car Wash, Inc. will post 0.33 EPS 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.