Walleye Capital LLC Lowers Stock Holdings in Mister Car Wash, Inc. $MCW

Key Points

• Walleye Capital LLC significantly reduced its stake in Mister Car Wash, Inc. by 57.0%, selling 71,385 shares and leaving it with 53,867 shares valued at approximately $425,000.
• Insiders have been actively selling shares, with notable transactions including Joseph Duane Matheny selling 102,456 shares and CEO John Lo-Minn Lai selling 33,904 shares, reflecting potential shifts in management confidence.
• Analysts have mixed assessments for Mister Car Wash, with a consensus rating of "Hold" and an average price target of $8.09, despite some rating it as a "buy" and others issuing a "sell" recommendation.

Walleye Capital LLC cut its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,867 shares of the company's stock after selling 71,385 shares during the quarter. Walleye Capital LLC's holdings in Mister Car Wash were worth $425,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MCW. Versor Investments LP raised its holdings in shares of Mister Car Wash by 159.1% during the first quarter. Versor Investments LP now owns 136,300 shares of the company's stock valued at $1,075,000 after purchasing an additional 83,700 shares during the period. American Century Companies Inc. raised its stake in Mister Car Wash by 14.9% during the 1st quarter. American Century Companies Inc. now owns 186,978 shares of the company's stock worth $1,475,000 after buying an additional 24,231 shares during the period. Russell Investments Group Ltd. boosted its holdings in Mister Car Wash by 55,436.8% in the first quarter. Russell Investments Group Ltd. now owns 58,869 shares of the company's stock worth $464,000 after acquiring an additional 58,763 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Mister Car Wash by 26.8% during the first quarter. Public Sector Pension Investment Board now owns 296,358 shares of the company's stock valued at $2,338,000 after acquiring an additional 62,646 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Mister Car Wash during the 1st quarter valued at $1,701,000.

Mister Car Wash Stock Performance

MCW stock traded up $0.02 during midday trading on Friday, hitting $5.66. The company's stock had a trading volume of 953,180 shares, compared to its average volume of 1,580,969. Mister Car Wash, Inc. has a 1 year low of $5.27 and a 1 year high of $8.60. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.65 and a beta of 1.48. The stock's 50-day moving average price is $6.07 and its 200 day moving average price is $6.88. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued 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). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $265.42 million during the quarter, compared to analysts' expectations of $271.83 million. During the same period last year, the firm posted $0.11 earnings per share. Mister Car Wash'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 analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 6,357 shares of Mister Car Wash stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $38,968.41. Following the completion of the sale, the chief financial officer owned 75,637 shares of the company's stock, valued at approximately $463,654.81. This trade represents a 7.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 102,456 shares of the 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 transaction, the insider owned 88,196 shares of the company's stock, valued at $555,634.80. This represents a 53.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,836 shares of company stock valued at $905,262. Company insiders own 69.00% of the company's stock.

Wall Street Analyst Weigh In

MCW has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. The Goldman Sachs Group initiated coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price target on the stock. Piper Sandler decreased their price objective on Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Stifel Nicolaus dropped their target price on Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company decreased their price target on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $8.09.

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.