The Manufacturers Life Insurance Company Purchases 35,475 Shares of Mister Car Wash, Inc. (NYSE:MCW)

The Manufacturers Life Insurance Company increased its stake in Mister Car Wash, Inc. (NYSE:MCW) by 147.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,497 shares of the company’s stock after purchasing an additional 35,475 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Mister Car Wash were worth $424,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Mister Car Wash during the second quarter worth approximately $31,000. Pallas Capital Advisors LLC acquired a new position in shares of Mister Car Wash in the second quarter valued at $84,000. CIBC Asset Management Inc bought a new stake in Mister Car Wash in the second quarter valued at $91,000. 272 Capital LP bought a new position in shares of Mister Car Wash during the second quarter valued at $119,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after acquiring an additional 2,479 shares during the period.

Mister Car Wash Stock Performance

Shares of NYSE:MCW opened at $6.60 on Thursday. The business has a fifty day moving average of $6.49 and a 200-day moving average of $6.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.25 and a current ratio of 0.28. The firm has a market cap of $2.11 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.64. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month high of $9.45.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. On average, equities research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their price objective on 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. According to MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Mister Car Wash 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.