Cwm LLC Sells 69,376 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Cwm LLC lowered its position in Mister Car Wash, Inc. (NYSE:MCW) by 76.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,310 shares of the company’s stock after selling 69,376 shares during the period. Cwm LLC’s holdings in Mister Car Wash were worth $139,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in Mister Car Wash by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock valued at $332,000 after purchasing an additional 1,500 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Mister Car Wash by 2.0% during the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock valued at $618,000 after buying an additional 1,581 shares during the period. Bessemer Group Inc. grew its stake in shares of Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after buying an additional 1,824 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mister Car Wash by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after buying an additional 2,479 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mister Car Wash by 19.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock worth $190,000 after acquiring an additional 4,268 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upped their price objective on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research 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 company. According to data from MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Mister Car Wash Stock Performance

Shares of NYSE:MCW opened at $6.39 on Friday. The firm’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.84. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.25 and a current ratio of 0.28. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $9.45. The firm has a market cap of $2.04 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.64.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping the consensus estimate 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 predict that Mister Car Wash, Inc. will post 0.27 EPS for the current 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.