Mister Car Wash, Inc. (NYSE:MCW) Position Raised by Jane Street Group LLC

Jane Street Group LLC raised its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 305.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,099 shares of the company’s stock after purchasing an additional 74,673 shares during the period. Jane Street Group LLC’s holdings in Mister Car Wash were worth $645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCW. Bank of New York Mellon Corp boosted its holdings in shares of Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after acquiring an additional 145,374 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mister Car Wash by 19.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock worth $190,000 after purchasing an additional 4,268 shares during the period. nVerses Capital LLC purchased a new stake in Mister Car Wash during the second quarter valued at about $31,000. CIBC Asset Management Inc purchased a new stake in shares of Mister Car Wash in the 2nd quarter valued at approximately $91,000. Finally, Rhumbline Advisers boosted its position in shares of Mister Car Wash by 22.7% in the second quarter. Rhumbline Advisers now owns 255,813 shares of the company’s stock worth $1,821,000 after buying an additional 47,271 shares during the period.

Insider Activity

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 362,658 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total value of $2,981,048.76. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $368,699.88. The trade was a 88.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction dated Friday, November 1st. The shares were 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 in the company, valued at approximately $647,211.82. This trade represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Mister Car Wash Price Performance

NYSE MCW opened at $7.10 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.61. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The company has a 50 day moving average price of $7.65 and a two-hundred day moving average price of $7.05. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $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 fiscal year.

Mister Car Wash Company 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.