Mister Car Wash, Inc. (NYSE:MCW) Shares Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC lifted its stake in Mister Car Wash, Inc. (NYSE:MCW) by 341.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,491 shares of the company’s stock after purchasing an additional 121,035 shares during the period. Blueshift Asset Management LLC’s holdings in Mister Car Wash were worth $1,019,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCW. nVerses Capital LLC acquired a new stake in shares of Mister Car Wash during the 2nd quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the last quarter. Ariadne Wealth Management LP purchased a new stake in Mister Car Wash during the second quarter worth $73,000. Pallas Capital Advisors LLC purchased a new position in shares of Mister Car Wash in the second quarter valued at $84,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Mister Car Wash in the 2nd quarter worth about $91,000.

Mister Car Wash Trading Down 1.8 %

NYSE MCW opened at $8.07 on Wednesday. The company has a market cap of $2.60 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.11 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. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The company has a 50-day moving average of $7.05 and a 200-day moving average of $6.96.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 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 analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCW. UBS Group upped their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target 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, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

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.