Mister Car Wash, Inc. $MCW Shares Purchased by Versor Investments LP

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 increased its stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 159.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,300 shares of the company's stock after acquiring an additional 83,700 shares during the period. Versor Investments LP's holdings in Mister Car Wash were worth $1,075,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MCW. Quantinno Capital Management LP purchased a new position in Mister Car Wash in the fourth quarter valued at $77,000. Quarry LP purchased a new position in shares of Mister Car Wash during the fourth quarter worth about $79,000. Forum Financial Management LP purchased a new position in shares of Mister Car Wash during the fourth quarter worth about $81,000. BNP Paribas Financial Markets purchased a new position in shares of Mister Car Wash during the fourth quarter worth about $96,000. Finally, LPL Financial LLC purchased a new position in shares of Mister Car Wash during the fourth quarter worth about $102,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus reduced their price objective on shares of Mister Car Wash from $8.50 to $7.50 and set a "hold" rating for the company in a research report on Thursday, July 31st. BTIG Research initiated coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They set a "neutral" rating for the company. BMO Capital Markets reduced their price target on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Finally, UBS Group cut their price objective on Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating for the company in a research report 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.09.

Mister Car Wash Trading Up 4.9%

MCW stock traded up $0.28 during midday trading on Friday, hitting $6.02. The stock had a trading volume of 1,846,735 shares, compared to its average volume of 1,596,052. Mister Car Wash, Inc. has a 12-month low of $5.27 and a 12-month high of $8.60. The company's 50-day moving average price is $6.17 and its 200 day moving average price is $7.03. The firm has a market cap of $1.97 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

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 analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $265.42 million for the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company 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 predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 102,456 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the sale, the insider directly owned 88,196 shares in the company, valued at approximately $555,634.80. This trade represents a 53.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business's 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 $207,831.52. Following the transaction, the chief executive officer directly owned 4,578,350 shares in the company, valued at $28,065,285.50. This trade represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,945 shares of company stock worth $1,588,371 over the last three months. 69.00% of the stock is currently owned by insiders.

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.