Mister Car Wash, Inc. (NYSE:MCW) Stock Position Cut by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC trimmed its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 66.7% during the third quarter, Holdings Channel reports. The institutional investor owned 10,610 shares of the company’s stock after selling 21,277 shares during the period. Capstone Investment Advisors LLC’s holdings in Mister Car Wash were worth $69,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in shares of Mister Car Wash by 3.3% during the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock valued at $332,000 after acquiring an additional 1,500 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after buying an additional 2,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock valued at $190,000 after buying an additional 4,268 shares during the period. nVerses Capital LLC bought a new position in Mister Car Wash during the second quarter valued at about $31,000. Finally, Blue Trust Inc. grew its holdings in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the period.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Mister Car Wash currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Mister Car Wash Stock Down 1.1 %

Shares of Mister Car Wash stock opened at $8.00 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The firm has a market capitalization of $2.58 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The stock’s fifty day moving average is $7.17 and its 200-day moving average is $6.97.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities analysts anticipate that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This represents a 22.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $381,707.54. The trade was a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 613,896 shares of company stock valued at $4,957,139. Company insiders own 70.00% of the company’s stock.

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.