Rockefeller Capital Management L.P. Acquires Shares of 111,814 Mister Car Wash, Inc. $MCW

Rockefeller Capital Management L.P. acquired a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 111,814 shares of the company’s stock, valued at approximately $672,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Mister Car Wash by 87.4% during the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock valued at $34,000 after buying an additional 2,632 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Mister Car Wash in the 2nd quarter worth approximately $91,000. Global Trust Asset Management LLC purchased a new stake in shares of Mister Car Wash during the 2nd quarter worth approximately $108,000. Envestnet Asset Management Inc. boosted its position in shares of Mister Car Wash by 19.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,832 shares of the company’s stock valued at $137,000 after acquiring an additional 3,766 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of Mister Car Wash by 17.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 23,124 shares of the company’s stock valued at $139,000 after acquiring an additional 3,421 shares during the last quarter.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $5.32 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a market capitalization of $1.74 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. Mister Car Wash, Inc. has a 1-year low of $4.61 and a 1-year high of $8.60. The company’s 50-day moving average is $5.17 and its 200 day moving average is $5.90.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $263.42 million during the quarter, compared to analysts’ expectations of $261.47 million. During the same quarter in the previous year, the business earned $0.09 EPS. Mister Car Wash’s revenue was up 5.7% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCW. Wells Fargo & Company reduced their price target on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. UBS Group reduced their target price on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group set a $5.25 price target on shares of Mister Car Wash in a report on Friday, October 31st. Piper Sandler lowered Mister Car Wash from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $8.00 to $6.00 in a research report on Friday, October 24th. Finally, Morgan Stanley decreased their price objective on 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. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mister Car Wash presently has a consensus rating of “Hold” and a consensus price target of $7.23.

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.