Ariadne Wealth Management LP Acquires New Shares in Mister Car Wash, Inc. (NYSE:MCW)

Ariadne Wealth Management LP acquired a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) during the second quarter, according to its most recent filing with the SEC. The fund acquired 10,304 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new stake in shares of Mister Car Wash during the 1st quarter valued at $2,003,000. Vanguard Group Inc. increased its stake in Mister Car Wash by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after acquiring an additional 315,679 shares during the last quarter. Rip Road Capital Partners LP bought a new position in Mister Car Wash in the 4th quarter worth about $4,798,000. Armistice Capital LLC bought a new position in Mister Car Wash in the 4th quarter worth about $558,000. Finally, Wasatch Advisors LP increased its stake in Mister Car Wash by 1.7% in the 1st quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock worth $127,285,000 after acquiring an additional 267,825 shares during the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $6.42 on Wednesday. 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 firm has a market capitalization of $2.05 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64. The business’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.95. Mister Car Wash, Inc. has a 12 month low of $4.80 and a 12 month high of $9.45.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. Sell-side analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.