Landscape Capital Management L.L.C. Increases Position in Mister Car Wash, Inc. (NYSE:MCW)

Landscape Capital Management L.L.C. lifted its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 337.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,327 shares of the company’s stock after buying an additional 78,919 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Mister Car Wash were worth $666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after purchasing an additional 3,640,862 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after purchasing an additional 145,374 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Mister Car Wash by 23.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after buying an additional 337,272 shares during the period. GSA Capital Partners LLP lifted its holdings in Mister Car Wash by 214.9% during the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock valued at $666,000 after buying an additional 69,817 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after buying an additional 535,873 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MCW shares. UBS Group raised their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Mister Car Wash Price Performance

Shares of MCW opened at $8.00 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The company has a 50 day moving average price of $7.01 and a 200-day moving average price of $6.96. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.45. The stock has a market capitalization of $2.58 billion, a PE ratio of 34.78, a PEG ratio of 2.02 and a beta of 1.60.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the transaction, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. This represents a 15.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This represents a 76.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 613,896 shares of company stock valued at $4,957,139. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Company 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.