Rhumbline Advisers Increases Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Rhumbline Advisers lifted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 22.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 255,813 shares of the company’s stock after buying an additional 47,271 shares during the quarter. Rhumbline Advisers owned 0.08% of Mister Car Wash worth $1,821,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. nVerses Capital LLC purchased a new stake in Mister Car Wash during the 2nd quarter worth approximately $31,000. Pallas Capital Advisors LLC purchased a new stake in Mister Car Wash during the 2nd quarter worth approximately $84,000. CIBC Asset Management Inc purchased a new stake in Mister Car Wash during the 2nd quarter worth approximately $91,000. Price T Rowe Associates Inc. MD increased its holdings in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Mister Car Wash by 9.9% during the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after purchasing an additional 1,824 shares during the last quarter.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $6.54 on Friday. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month high of $9.45. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.64. The business has a 50 day simple moving average of $6.77 and a 200-day simple moving average of $7.01.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. As a group, equities research analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Insider Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 4,079 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the completion of the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $310,838.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,079 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the completion of the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $310,838.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $234,954.72. Following the transaction, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at approximately $35,000,082.81. The disclosure for this sale can be found here. Insiders sold 42,698 shares of company stock worth $296,860 in the last 90 days. 70.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and an average price target of $9.75.

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.