GSA Capital Partners LLP Purchases 69,817 Shares of Mister Car Wash, Inc. (NYSE:MCW)

GSA Capital Partners LLP boosted its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 214.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,307 shares of the company’s stock after purchasing an additional 69,817 shares during the period. GSA Capital Partners LLP’s holdings in Mister Car Wash were worth $666,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after buying an additional 3,640,862 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Mister Car Wash by 23.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after buying an additional 337,272 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after buying an additional 535,873 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Mister Car Wash by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after buying an additional 145,374 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Mister Car Wash by 30.5% during the 1st quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock worth $4,999,000 after buying an additional 150,641 shares during the last quarter.

Insider Transactions at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 23,697 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total transaction of $188,865.09. Following the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This trade represents a 22.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $338,199.16. This represents a 76.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Mister Car Wash presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Mister Car Wash Trading Down 2.3 %

Shares of MCW stock opened at $7.75 on Tuesday. The firm has a 50 day moving average price of $6.88 and a two-hundred day moving average price of $6.95. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.50 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45.

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

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.