Versor Investments LP Boosts Holdings in Mister Car Wash, Inc. $MCW

Key Points

• Versor Investments LP increased its stake in Mister Car Wash, purchasing an additional 83,700 shares to own a total of 136,300 shares valued at $1,075,000 by the end of the first quarter.
• Insider selling was noted, with Joseph Duane Matheny selling 102,456 shares at an average price of $6.30, decreasing his position by 53.74%.
• Mister Car Wash reported quarterly earnings of $0.11 EPS, missing estimates of $0.13, with revenue of $265.42 million, which was below analysts' expectations of $271.83 million.

Versor Investments LP grew its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 159.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,300 shares of the company's stock after purchasing an additional 83,700 shares during the quarter. Versor Investments LP's holdings in Mister Car Wash were worth $1,075,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCW. Bank of Montreal Can boosted its stake 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 purchasing an additional 2,649 shares during the period. Avory & Company LLC boosted its stake in 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 purchasing an additional 768,646 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Mister Car Wash during the 4th quarter worth $577,000. Accurate Wealth Management LLC acquired a new stake in Mister Car Wash during the 1st quarter worth $983,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 958,479 shares during the period.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded up $0.28 on Friday, hitting $6.02. The company's stock had a trading volume of 1,467,049 shares, compared to its average volume of 1,592,898. Mister Car Wash, Inc. has a 52-week low of $5.27 and a 52-week high of $8.60. 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 firm has a fifty day moving average price of $6.18 and a 200-day moving average price of $7.04. The company has a market capitalization 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.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $265.42 million during the quarter, compared to analysts' expectations of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.Mister Car Wash's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MCW has been the subject of several recent analyst reports. Guggenheim set a $8.00 target price on shares of Mister Car Wash and gave the stock a "buy" rating in a research note on Monday, August 4th. The Goldman Sachs Group initiated 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. Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Friday, July 18th. BTIG Research initiated coverage on shares of Mister Car Wash in a research note on Monday, June 30th. They issued a "neutral" rating for the company. Finally, BMO Capital Markets reduced 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 investment 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's stock. According to data from MarketBeat, Mister Car Wash has an average rating of "Hold" and an average price target of $8.09.

Insider Activity

In related news, insider Joseph Duane Matheny sold 102,456 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $6.30, for a total value of $645,472.80. Following the completion of the transaction, the insider owned 88,196 shares of the company's stock, valued at approximately $555,634.80. The trade was a 53.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $61,461.03. Following the completion of the sale, the chief financial officer owned 66,994 shares of the company's stock, valued at $448,189.86. This trade represents a 12.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 246,945 shares of company stock worth $1,588,371. Company insiders own 70.00% of the company's stock.

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.