Walleye Capital LLC Grows Position in Mister Car Wash, Inc. (NYSE:MCW)

Walleye Capital LLC raised its stake in Mister Car Wash, Inc. (NYSE:MCW) by 13.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 152,252 shares of the company’s stock after acquiring an additional 18,560 shares during the period. Walleye Capital LLC’s holdings in Mister Car Wash were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Mister Car Wash by 41.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock valued at $16,349,000 after purchasing an additional 731,366 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Mister Car Wash by 763.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after purchasing an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mister Car Wash by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after purchasing an additional 145,374 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Mister Car Wash by 214.9% in the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock valued at $666,000 after purchasing an additional 69,817 shares during the last quarter.

Mister Car Wash Stock Up 2.5 %

MCW opened at $7.80 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The business has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $6.98. The stock has a market capitalization of $2.51 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.00 and a beta of 1.61. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.45.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. Mister Car Wash’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts anticipate that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is owned by insiders.

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.