Walleye Capital LLC Has $425,000 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 reduced its stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Several other hedge funds also recently made changes to their positions in MCW. Divisadero Street Capital Management LP bought a new position in shares of Mister Car Wash during the fourth quarter worth approximately $10,392,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $22,895,000 after purchasing an additional 958,479 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Mister Car Wash during the first quarter worth approximately $6,863,000. Brown Advisory Inc. increased its holdings in shares of Mister Car Wash by 6.8% during the first quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock worth $104,870,000 after purchasing an additional 843,225 shares during the period. Finally, Avory & Company LLC increased its holdings in shares of Mister Car Wash by 3,298.5% during the first 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.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MCW shares. Mizuho lowered their target price on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Stifel Nicolaus lowered their target price on shares of Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a report on Thursday, July 31st. BMO Capital Markets lowered their target price on shares of Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Morgan Stanley reduced their price target on shares of Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. Finally, Guggenheim set a $8.00 price target on shares of Mister Car Wash and gave the stock a "buy" rating in a research report on Monday, August 4th. 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 MarketBeat.com, Mister Car Wash presently has a consensus rating of "Hold" and a consensus target price of $8.09.

Mister Car Wash Price Performance

Mister Car Wash stock traded up $0.02 during mid-day trading on Friday, reaching $5.66. The company had a trading volume of 953,180 shares, compared to its average volume of 1,580,969. 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. The company has a market cap of $1.85 billion, a P/E ratio of 25.73, a P/E/G ratio of 1.65 and a beta of 1.48. The business has a fifty day simple moving average of $6.07 and a 200 day simple moving average of $6.88.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its 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 net margin of 7.06% and a return on equity of 10.49%. The company had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business's quarterly revenue was up 4.1% on a year-over-year basis. 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 year.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $207,831.52. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jedidiah Marc Gold sold 6,357 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were 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 owned 75,637 shares in the company, valued at $463,654.81. This represents a 7.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,836 shares of company stock worth $905,262 over the last quarter. Corporate insiders own 69.00% of the company's stock.

About Mister Car Wash

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.