Campbell & CO Investment Adviser LLC Takes Position in Mister Car Wash, Inc. $MCW

Campbell & CO Investment Adviser LLC acquired a new position in Mister Car Wash, Inc. (NYSE:MCW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,300 shares of the company’s stock, valued at approximately $404,000.

Several other large investors have also bought and sold shares of MCW. Driehaus Capital Management LLC acquired a new position in Mister Car Wash during the 1st quarter worth about $12,415,000. Charles Schwab Investment Management Inc. bought a new stake in Mister Car Wash in the first quarter valued at approximately $6,863,000. Millennium Management LLC increased its position in Mister Car Wash by 72.9% during the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company’s stock valued at $12,155,000 after purchasing an additional 649,448 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Mister Car Wash by 6.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,839,088 shares of the company’s stock worth $38,180,000 after purchasing an additional 294,972 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new position in shares of Mister Car Wash in the 1st quarter worth approximately $2,245,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MCW shares. The Goldman Sachs Group set a $5.25 price objective on Mister Car Wash in a research report on Friday, October 31st. UBS Group cut their price target on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Stephens upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $7.50 to $6.25 in a research note on Monday, October 27th. BMO Capital Markets reiterated an “outperform” rating and set a $9.00 target price on shares of Mister Car Wash in a research report on Thursday, October 30th. Finally, Piper Sandler cut shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $8.00 to $6.00 in a report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.23.

Mister Car Wash Stock Down 2.1%

Mister Car Wash stock opened at $5.11 on Monday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The firm’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $6.03. Mister Car Wash, Inc. has a 1-year low of $4.61 and a 1-year high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The company had revenue of $263.42 million for the quarter, compared to analyst estimates of $261.47 million. During the same quarter in the prior year, the business posted $0.09 EPS. The firm’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. On average, equities research analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal 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.