Brown Advisory Inc. Trims Stake in Mister Car Wash, Inc. $MCW

Brown Advisory Inc. cut its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,863,091 shares of the company’s stock after selling 428,425 shares during the quarter. Brown Advisory Inc.’s holdings in Mister Car Wash were worth $77,307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCW. GAMMA Investing LLC lifted its position in shares of Mister Car Wash by 87.4% during the 2nd 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 in the last quarter. Trexquant Investment LP purchased a new stake in Mister Car Wash in the 1st quarter worth approximately $550,000. Charles Schwab Investment Management Inc. bought a new stake in Mister Car Wash during the 1st quarter worth approximately $6,863,000. Nuveen LLC purchased a new position in Mister Car Wash during the first quarter valued at approximately $1,701,000. Finally, Bleakley Financial Group LLC lifted its holdings in Mister Car Wash by 50.9% during the second quarter. Bleakley Financial Group LLC now owns 165,583 shares of the company’s stock valued at $995,000 after purchasing an additional 55,853 shares in the last quarter.

Mister Car Wash Price Performance

NYSE:MCW opened at $5.25 on Friday. The business’s 50-day moving average is $5.15 and its 200 day moving average is $5.79. Mister Car Wash, Inc. has a 12 month low of $4.61 and a 12 month high of $8.60. The company has a market capitalization of $1.72 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.65 and a beta of 1.47. 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 released its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $263.42 million during the quarter, compared to analysts’ expectations of $261.47 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MCW shares. Piper Sandler cut shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research note on Friday, October 24th. Zacks Research upgraded Mister Car Wash from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. UBS Group decreased 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $9.00 price objective on shares of Mister Car Wash in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mister Car Wash presently has an average rating of “Hold” and a consensus target price 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.