Graham Capital Management L.P. Boosts Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Graham Capital Management L.P. increased its position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 430.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MCW. Quarry LP bought a new position in shares of Mister Car Wash in the fourth quarter valued at approximately $79,000. Forum Financial Management LP purchased a new stake in shares of Mister Car Wash during the 4th quarter valued at $81,000. BNP Paribas Financial Markets bought a new stake in shares of Mister Car Wash during the 4th quarter worth $96,000. Blue Trust Inc. boosted its holdings in shares of Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after buying an additional 5,032 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Mister Car Wash during the fourth quarter valued at about $102,000.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded down $0.10 during trading on Monday, hitting $7.69. The stock had a trading volume of 166,971 shares, compared to its average volume of 1,556,789. The business's 50-day moving average is $7.55 and its 200 day moving average is $7.63. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 1.65 and a beta of 1.58. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Insider Activity

In other news, insider Joseph Duane Matheny sold 30,742 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.07, for a total transaction of $248,087.94. Following the transaction, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $655,332.42. This trade represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Lo-Minn Lai sold 22,039 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,599 shares of company stock worth $2,417,509. 69.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCW has been the subject of a number of research reports. Morgan Stanley increased 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 research report on Thursday, February 20th. UBS Group lowered their target price on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Raymond James initiated coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Finally, Stephens decreased their price objective on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.46.

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.