272 Capital LP Purchases New Holdings in Mister Car Wash, Inc. (NYSE:MCW)

272 Capital LP acquired a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,651 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds have also recently bought and sold shares of MCW. nVerses Capital LLC acquired a new position in shares of Mister Car Wash during the second quarter valued at $31,000. Pallas Capital Advisors LLC bought a new stake in Mister Car Wash during the 2nd quarter worth about $84,000. CIBC Asset Management Inc acquired a new position in Mister Car Wash during the 2nd quarter valued at about $91,000. Price T Rowe Associates Inc. MD lifted its position in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after purchasing an additional 2,479 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after purchasing an additional 1,824 shares during the last quarter.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $6.66 on Tuesday. The stock has a market cap of $2.13 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.64. The stock has a 50-day moving average of $6.75 and a 200-day moving average of $6.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $9.45.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $255.04 million during the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the transaction, the chief executive officer now directly owns 5,050,517 shares in the company, valued at $35,000,082.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the sale, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $28,267.47. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $310,838.22. The disclosure for this sale can be found here. Insiders sold a total of 42,698 shares of company stock worth $296,860 in the last quarter. Corporate insiders own 70.00% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price objective on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

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.