Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Mister Car Wash, Inc. (NYSE:MCW)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mister Car Wash, Inc. (NYSE:MCW) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 23,762 shares of the company’s stock, valued at approximately $187,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after buying an additional 2,649 shares during the last quarter. Avory & Company LLC increased its stake in Mister Car Wash by 3,298.5% in the 1st quarter. Avory & Company LLC now owns 791,949 shares of the company’s stock valued at $6,248,000 after buying an additional 768,646 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Mister Car Wash in the 4th quarter valued at $577,000. Accurate Wealth Management LLC acquired a new stake in Mister Car Wash in the 1st quarter valued at $983,000. Finally, Dimensional Fund Advisors LP increased its stake in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after buying an additional 958,479 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Veronica Rogers sold 5,205 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $7.06, for a total value of $36,747.30. Following the transaction, the director owned 27,880 shares in the company, valued at approximately $196,832.80. This represents a 15.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 102,456 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $6.30, for a total transaction of $645,472.80. Following the completion of the transaction, the insider owned 88,196 shares in the company, valued at approximately $555,634.80. This trade represents a 53.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 266,355 shares of company stock worth $1,733,596 in the last 90 days. Corporate insiders own 69.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MCW. Guggenheim lowered their price target on shares of Mister Car Wash from $9.50 to $8.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company lowered their price target on shares of Mister Car Wash from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, July 18th. Morgan Stanley lowered 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 note on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a “sell” rating and a $6.25 price objective on the stock. Finally, UBS Group lowered their price objective on shares of Mister Car Wash from $8.25 to $7.25 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.09.

Mister Car Wash Stock Down 0.7%

Mister Car Wash stock opened at $5.61 on Wednesday. The firm has a market capitalization of $1.82 billion, a PE ratio of 25.50, a P/E/G ratio of 1.65 and a beta of 1.48. The company’s 50-day moving average is $6.39 and its 200-day moving average is $7.19. 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 debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS 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 last year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

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.