Blueshift Asset Management LLC Grows Position in Mister Car Wash, Inc. (NYSE:MCW)

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

A number of other large investors also recently bought and sold shares of MCW. nVerses Capital LLC purchased a new stake in shares of Mister Car Wash in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in shares of Mister Car Wash in the 2nd quarter valued at $73,000. Pallas Capital Advisors LLC purchased a new stake in shares of Mister Car Wash in the 2nd quarter valued at $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash during the 2nd quarter valued at about $91,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. UBS Group boosted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 362,658 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $368,699.88. This trade represents a 88.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Duane Matheny sold 14,600 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. This trade represents a 15.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 613,896 shares of company stock worth $4,957,139. 70.00% of the stock is owned by insiders.

Mister Car Wash Trading Down 1.8 %

Shares of Mister Car Wash stock opened at $8.07 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $7.05 and a 200-day simple moving average of $6.96. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 35.07, a PEG 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.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company had revenue of $249.33 million during the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal 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.