Vanguard Group Inc. Buys 40,236 Shares of Mister Car Wash, Inc. $MCW

Vanguard Group Inc. boosted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,686,795 shares of the company’s stock after purchasing an additional 40,236 shares during the period. Vanguard Group Inc. owned about 3.29% of Mister Car Wash worth $84,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC raised its stake in Mister Car Wash by 137.4% during the 1st quarter. Blueshift Asset Management LLC now owns 59,942 shares of the company’s stock valued at $473,000 after buying an additional 34,695 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Mister Car Wash in the first quarter worth $310,000. Arkadios Wealth Advisors increased its position in Mister Car Wash by 160.4% during the first quarter. Arkadios Wealth Advisors now owns 126,664 shares of the company’s stock valued at $999,000 after acquiring an additional 78,024 shares during the last quarter. XTX Topco Ltd lifted its holdings in Mister Car Wash by 11.8% in the first quarter. XTX Topco Ltd now owns 45,207 shares of the company’s stock valued at $357,000 after acquiring an additional 4,758 shares during the period. Finally, Legato Capital Management LLC lifted its holdings in Mister Car Wash by 41.1% in the first quarter. Legato Capital Management LLC now owns 133,840 shares of the company’s stock valued at $1,056,000 after acquiring an additional 38,952 shares during the period.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of recent research reports. Stifel Nicolaus cut their price target on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating for the company in a research note on Thursday, July 31st. Morgan Stanley cut their target price on shares of Mister Car Wash from $9.00 to $7.50 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. BTIG Research initiated coverage on shares of Mister Car Wash in a report on Monday, June 30th. They set a “neutral” rating for the company. Piper Sandler dropped their price target on shares of Mister Car Wash from $11.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Finally, Mizuho cut their price objective on shares of Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Six investment 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. Based on data from MarketBeat, Mister Car Wash currently has an average rating of “Hold” and an average target price of $8.09.

Insiders Place Their Bets

In other news, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $42,167.07. Following the sale, the insider owned 23,081 shares in the company, valued at $154,411.89. This trade represents a 21.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 102,456 shares of the business’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the completion of the transaction, the insider directly owned 88,196 shares in the company, valued at $555,634.80. This trade represents a 53.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,945 shares of company stock worth $1,588,371 over the last quarter. Company insiders own 69.00% of the company’s stock.

Mister Car Wash Trading Up 4.9%

Shares of Mister Car Wash stock opened at $6.02 on Friday. 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 quick ratio of 0.24 and a current ratio of 0.53. The company has a market capitalization of $1.97 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.65 and a beta of 1.48. The company has a fifty day moving average of $6.17 and a 200 day moving average of $7.02.

Mister Car Wash (NYSE:MCW) last posted 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 business had revenue of $265.42 million for the quarter, compared to the consensus estimate of $271.83 million. During the same period in the prior year, the business earned $0.11 earnings per share. Mister Car Wash’s revenue was up 4.1% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal 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.