Mister Car Wash, Inc. (NYSE:MCW) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. grew its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 430.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,516 shares of the company's stock after purchasing an additional 88,886 shares during the quarter. Graham Capital Management L.P.'s holdings in Mister Car Wash were worth $798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after acquiring an additional 2,649 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Mister Car Wash in the fourth quarter valued at approximately $945,000. JPMorgan Chase & Co. raised its holdings in Mister Car Wash by 54.6% in the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock valued at $763,000 after acquiring an additional 41,390 shares in the last quarter. Barclays PLC raised its holdings in Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company's stock valued at $1,165,000 after acquiring an additional 132,051 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Mister Car Wash in the fourth quarter valued at approximately $698,000.

Insider Transactions at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 93,121 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the transaction, the chief financial officer now owns 55,437 shares of the company's stock, valued at approximately $471,768.87. The trade was a 62.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 9,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $7.97, for a total transaction of $71,730.00. Following the completion of the transaction, the insider now directly owns 84,895 shares of the company's stock, valued at $676,613.15. The trade was a 9.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,599 shares of company stock valued at $2,417,509 in the last ninety days. 69.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Raymond James assumed coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective on the stock. UBS Group cut their price objective on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Stephens cut their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.46.

Mister Car Wash Stock Performance

Shares of MCW traded up $0.09 during mid-day trading on Friday, reaching $7.78. 1,065,394 shares of the company's stock were exchanged, compared to its average volume of 1,575,926. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The stock has a market capitalization of $2.53 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The business's fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.63. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. During the same quarter in the previous year, the firm posted $0.08 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current 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.