Campbell & CO Investment Adviser LLC Purchases New Holdings in Mister Car Wash, Inc. $MCW

Campbell & CO Investment Adviser LLC purchased a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 67,300 shares of the company’s stock, valued at approximately $404,000.

Other large investors also recently made changes to their positions in the company. Trexquant Investment LP bought a new position in Mister Car Wash during the first quarter worth about $550,000. Charles Schwab Investment Management Inc. bought a new position in shares of Mister Car Wash during the 1st quarter worth approximately $6,863,000. Nuveen LLC bought a new stake in Mister Car Wash in the 1st quarter valued at $1,701,000. Bleakley Financial Group LLC raised its stake in Mister Car Wash by 50.9% in the 2nd quarter. Bleakley Financial Group LLC now owns 165,583 shares of the company’s stock valued at $995,000 after acquiring an additional 55,853 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in Mister Car Wash by 26.8% during the 1st quarter. Public Sector Pension Investment Board now owns 296,358 shares of the company’s stock valued at $2,338,000 after purchasing an additional 62,646 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on MCW shares. Wells Fargo & Company decreased their price target on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Piper Sandler downgraded Mister Car Wash from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $8.00 to $6.00 in a research note on Friday, October 24th. BMO Capital Markets reissued an “outperform” rating and set a $9.00 target price on shares of Mister Car Wash in a report on Thursday, October 30th. Zacks Research lowered shares of Mister Car Wash from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Finally, Stephens raised shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $7.50 to $6.25 in a report on Monday, October 27th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.23.

Mister Car Wash Trading Down 2.1%

Shares of Mister Car Wash stock opened at $5.11 on Monday. The firm’s 50 day moving average is $5.22 and its 200 day moving average is $6.03. The firm has a market capitalization of $1.67 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. Mister Car Wash, Inc. has a 1 year low of $4.61 and a 1 year high of $8.60. 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) last issued its earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $263.42 million for the quarter, compared to analyst estimates of $261.47 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities research analysts forecast 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.