Capstone Investment Advisors LLC Decreases Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Capstone Investment Advisors LLC lowered its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 66.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,610 shares of the company’s stock after selling 21,277 shares during the period. Capstone Investment Advisors LLC’s holdings in Mister Car Wash were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Mister Car Wash during the 2nd quarter worth $31,000. Blue Trust Inc. increased its position in shares of Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the last quarter. Ariadne Wealth Management LP purchased a new stake in shares of Mister Car Wash during the second quarter worth about $73,000. Pallas Capital Advisors LLC acquired a new position in shares of Mister Car Wash in the second quarter worth about $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash in the second quarter valued at about $91,000.

Insider Buying and Selling at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This trade represents a 15.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $381,707.54. The trade was a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 over the last 90 days. Insiders own 70.00% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group lifted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Mister Car Wash Stock Down 1.1 %

NYSE:MCW opened at $8.00 on Monday. 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 market capitalization of $2.58 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $9.45. The stock has a 50-day simple moving average of $7.17 and a 200 day simple moving average of $6.97.

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

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.