Geode Capital Management LLC Buys 69,614 Shares of Mister Car Wash, Inc. $MCW

Geode Capital Management LLC raised its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,547,839 shares of the company’s stock after buying an additional 69,614 shares during the quarter. Geode Capital Management LLC owned about 0.78% of Mister Car Wash worth $15,314,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCW. GAMMA Investing LLC raised its position in Mister Car Wash by 87.4% during the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock valued at $34,000 after purchasing an additional 2,632 shares during the period. Trexquant Investment LP bought a new position in shares of Mister Car Wash in the first quarter worth about $550,000. Charles Schwab Investment Management Inc. bought a new position in Mister Car Wash in the 1st quarter worth about $6,863,000. Nuveen LLC purchased a new position in Mister Car Wash during the 1st quarter worth $1,701,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of Mister Car Wash by 50.9% in the second 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 in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCW. Guggenheim set a $8.00 price target on Mister Car Wash and gave the stock a “buy” rating in a research report on Monday, August 4th. Raymond James Financial reissued an “outperform” rating and issued a $8.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. UBS Group decreased their price objective on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mister Car Wash has an average rating of “Hold” and an average price target of $7.23.

Mister Car Wash Trading Down 0.6%

Shares of NYSE:MCW opened at $5.31 on Tuesday. 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 $4.61 and a 52-week high of $8.60. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.65 and a beta of 1.47. The business has a 50-day moving average price of $5.16 and a 200-day moving average price of $5.84.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company had revenue of $263.42 million for the quarter, compared to the consensus estimate of $261.47 million. During the same quarter in the prior year, the company earned $0.09 EPS. Mister Car Wash’s quarterly revenue was up 5.7% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current 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.