Mister Car Wash, Inc. $MCW Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,617 shares of the company’s stock after selling 32,459 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Mister Car Wash were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MCW. CWM LLC increased its position in Mister Car Wash by 10.1% during the first quarter. CWM LLC now owns 18,976 shares of the company’s stock worth $150,000 after purchasing an additional 1,748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Mister Car Wash by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock valued at $392,000 after buying an additional 2,364 shares during the period. Vident Advisory LLC grew its stake in shares of Mister Car Wash by 18.6% in the 1st quarter. Vident Advisory LLC now owns 23,596 shares of the company’s stock valued at $186,000 after buying an additional 3,707 shares during the period. Invesco Ltd. increased its holdings in shares of Mister Car Wash by 1.3% during the 1st quarter. Invesco Ltd. now owns 315,576 shares of the company’s stock worth $2,490,000 after buying an additional 3,983 shares during the last quarter. Finally, XTX Topco Ltd raised its position in shares of Mister Car Wash by 11.8% during the 1st quarter. XTX Topco Ltd now owns 45,207 shares of the company’s stock valued at $357,000 after buying an additional 4,758 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. The Goldman Sachs Group began coverage on Mister Car Wash in a research report on Tuesday, June 3rd. They issued a “sell” rating and a $6.25 price objective for the company. Mizuho decreased their price target on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. BMO Capital Markets lowered their price target on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Stifel Nicolaus cut their price objective on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating for the company in a research report on Thursday, July 31st. Finally, Morgan Stanley decreased their target price on shares of Mister Car Wash from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.09.

Insider Buying and Selling at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 6,357 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $38,968.41. Following the completion of the transaction, the chief financial officer owned 75,637 shares of the company’s stock, valued at approximately $463,654.81. This trade represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total transaction of $207,831.52. Following the completion of the transaction, the chief executive officer owned 4,578,350 shares of the company’s stock, valued at $28,065,285.50. This trade represents a 0.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,836 shares of company stock valued at $905,262 in the last three months. 69.00% of the stock is owned by corporate insiders.

Mister Car Wash Stock Down 1.1%

NYSE:MCW opened at $5.44 on Wednesday. Mister Car Wash, Inc. has a 52 week low of $5.27 and a 52 week high of $8.60. The stock’s fifty day moving average is $6.05 and its two-hundred day moving average is $6.85. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Research analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current 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.