Jane Street Group LLC Has $645,000 Stake in Mister Car Wash, Inc. (NYSE:MCW)

Jane Street Group LLC lifted its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 305.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,099 shares of the company’s stock after buying an additional 74,673 shares during the quarter. Jane Street Group LLC’s holdings in Mister Car Wash were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Mister Car Wash during the second quarter valued at approximately $31,000. Blue Trust Inc. lifted its holdings in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after buying an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Mister Car Wash in the 2nd quarter valued at $73,000. CIBC Asset Management Inc acquired a new stake in shares of Mister Car Wash in the 2nd quarter valued at $91,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Mister Car Wash during the second quarter worth $112,000.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.25.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.10 on Friday. The firm has a fifty day moving average of $7.65 and a two-hundred day moving average of $7.05. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.95 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same period last year, the company posted $0.06 EPS. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Mister Car Wash, Inc. will post 0.29 EPS for the current year.

Insider Activity at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 362,658 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the completion of the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $368,699.88. This represents a 88.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at $647,211.82. The trade was a 15.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 in the last quarter. Corporate insiders own 70.00% of the company’s stock.

About Mister Car Wash

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.