Mister Car Wash, Inc. (NYSE:MCW) Position Lifted by Graham Capital Management L.P.

Graham Capital Management L.P. raised its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 430.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,516 shares of the company’s stock after acquiring an additional 88,886 shares during the quarter. Graham Capital Management L.P.’s holdings in Mister Car Wash were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCW. Barclays PLC raised its holdings in shares of Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after purchasing an additional 132,051 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Mister Car Wash by 54.6% during the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock worth $763,000 after purchasing an additional 41,390 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Mister Car Wash by 13.3% during the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after purchasing an additional 5,702 shares during the period. Blue Trust Inc. raised its holdings in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after purchasing an additional 5,032 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in shares of Mister Car Wash by 74.0% during the fourth quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company’s stock worth $486,000 after purchasing an additional 28,358 shares during the period.

Insider Activity

In other news, insider Joseph Duane Matheny sold 30,742 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.07, for a total transaction of $248,087.94. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $655,332.42. This trade represents a 27.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Lo-Minn Lai sold 22,039 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares of the company’s stock, valued at approximately $37,806,304.80. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,009 shares of company stock worth $2,397,123. Corporate insiders own 69.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MCW. UBS Group dropped their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Raymond James began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective on the stock. Stephens cut their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley increased their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Mister Car Wash currently has a consensus rating of “Hold” and an average price target of $8.46.

Mister Car Wash Stock Down 0.8%

Mister Car Wash stock opened at $7.88 on Wednesday. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.65 and a beta of 1.58. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $7.56 and its two-hundred day moving average price is $7.61. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating 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 business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, analysts expect that Mister Car Wash, Inc. will post 0.33 EPS 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.