Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 59.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,303 shares of the company’s stock after selling 161,600 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Mister Car Wash were worth $785,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MCW. nVerses Capital LLC purchased a new position in shares of Mister Car Wash during the second quarter worth $31,000. Pallas Capital Advisors LLC purchased a new position in shares of Mister Car Wash during the 2nd quarter valued at about $84,000. CIBC Asset Management Inc acquired a new position in shares of Mister Car Wash in the 2nd quarter valued at about $91,000. 272 Capital LP purchased a new stake in shares of Mister Car Wash in the second quarter worth about $119,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after acquiring an additional 2,479 shares during the period.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Mister Car Wash Trading Down 1.2 %

MCW stock opened at $6.69 on Friday. Mister Car Wash, Inc. has a 52-week low of $4.80 and a 52-week high of $9.45. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. The firm has a market cap of $2.15 billion, a P/E ratio of 29.09, a PEG ratio of 2.04 and a beta of 1.64. The company’s 50-day simple moving average is $6.69 and its 200-day simple moving average is $6.97.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. The company had revenue of $255.04 million for the quarter, compared to the consensus estimate of $256.65 million. As a group, equities analysts forecast that Mister Car Wash, Inc. will post 0.27 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.