Mister Car Wash, Inc. $MCW Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,576 shares of the company’s stock after buying an additional 3,983 shares during the period. Invesco Ltd. owned approximately 0.10% of Mister Car Wash worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MCW. Divisadero Street Capital Management LP acquired a new stake in shares of Mister Car Wash during the 4th quarter worth approximately $10,392,000. Dimensional Fund Advisors LP increased its holdings in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after buying an additional 958,479 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Mister Car Wash during the 1st quarter worth approximately $6,863,000. Brown Advisory Inc. boosted its position in shares of Mister Car Wash by 6.8% during the 1st quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company’s stock worth $104,870,000 after purchasing an additional 843,225 shares during the period. Finally, Avory & Company LLC boosted its position in shares of Mister Car Wash by 3,298.5% during the 1st quarter. Avory & Company LLC now owns 791,949 shares of the company’s stock worth $6,248,000 after purchasing an additional 768,646 shares during the period.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $5.71 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 52 week low of $5.27 and a 52 week high of $8.60. The stock has a market capitalization of $1.87 billion, a PE ratio of 25.96, a P/E/G ratio of 1.65 and a beta of 1.48. The firm has a 50 day moving average of $6.13 and a two-hundred day moving average of $6.95.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $271.83 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, research analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCW. Wells Fargo & Company lowered their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, July 18th. BMO Capital Markets lowered 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 Friday, August 1st. Stifel Nicolaus lowered their price objective on shares of Mister Car Wash from $8.50 to $7.50 and set a “hold” rating for the company in a research report on Thursday, July 31st. Morgan Stanley lowered their price objective 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. Finally, The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They set a “sell” rating and a $6.25 price objective for the company. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mister Car Wash presently has an average rating of “Hold” and an average price target of $8.09.

Insider Activity

In other Mister Car Wash news, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $42,167.07. Following the completion of the sale, the insider directly owned 23,081 shares of the company’s stock, valued at $154,411.89. The trade was a 21.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lo-Minn Lai sold 41,997 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $280,959.93. Following the sale, the chief executive officer directly owned 4,532,254 shares in the company, valued at $30,320,779.26. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 246,945 shares of company stock worth $1,588,371. 69.00% of the stock is currently owned by company insiders.

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.