Mister Car Wash, Inc. (NYSE:MCW) Shares Bought by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. increased its position in shares of Mister Car Wash, Inc. (NYSE:MCWGet Rating) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 881,203 shares of the company’s stock after acquiring an additional 210,037 shares during the period. Waratah Capital Advisors Ltd. owned approximately 0.29% of Mister Car Wash worth $13,033,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Mister Car Wash during the 4th quarter worth about $51,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $195,000. Oppenheimer Asset Management Inc. raised its stake in shares of Mister Car Wash by 21.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 48,797 shares of the company’s stock valued at $889,000 after acquiring an additional 8,525 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Mister Car Wash by 1,113.8% in the 4th quarter. New York State Common Retirement Fund now owns 87,395 shares of the company’s stock valued at $1,591,000 after acquiring an additional 80,195 shares in the last quarter. Finally, Arizona State Retirement System bought a new position in Mister Car Wash in the 4th quarter worth approximately $290,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mister Car Wash

In other news, CEO John Lo-Minn Lai sold 34,215 shares of the stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $11.47, for a total transaction of $392,446.05. Following the transaction, the chief executive officer now owns 2,838,168 shares in the company, valued at $32,553,786.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO John Lo-Minn Lai sold 34,215 shares of the stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $11.47, for a total transaction of $392,446.05. Following the transaction, the chief executive officer now owns 2,838,168 shares in the company, valued at $32,553,786.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 5,378 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $11.47, for a total value of $61,685.66. Following the transaction, the chief financial officer now owns 838,524 shares in the company, valued at approximately $9,617,870.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,513 shares of company stock worth $510,564. Company insiders own 71.90% of the company’s stock.

Mister Car Wash Stock Performance

Shares of MCW traded up $0.06 during mid-day trading on Friday, reaching $11.79. The company’s stock had a trading volume of 881,294 shares, compared to its average volume of 1,071,775. Mister Car Wash, Inc. has a 1-year low of $10.35 and a 1-year high of $21.50. The stock has a market cap of $3.56 billion, a P/E ratio of -98.25, a PEG ratio of 2.07 and a beta of 0.65. The business has a 50-day simple moving average of $11.64 and a two-hundred day simple moving average of $13.87. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.28.

Mister Car Wash (NYSE:MCWGet Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Mister Car Wash had a negative return on equity of 3.66% and a negative net margin of 1.39%. The company had revenue of $219.42 million during the quarter, compared to analysts’ expectations of $215.17 million. As a group, equities research analysts anticipate that Mister Car Wash, Inc. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCW. Piper Sandler lowered their price objective on Mister Car Wash from $18.00 to $13.00 in a research report on Friday, May 13th. BMO Capital Markets reduced their price objective on Mister Car Wash from $23.00 to $18.00 in a research note on Friday, May 13th. Finally, The Goldman Sachs Group lowered Mister Car Wash from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $12.00 to $10.00 in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.14.

Mister Car Wash Company Profile

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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

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Institutional Ownership by Quarter for Mister Car Wash (NYSE:MCW)

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