Bleakley Financial Group LLC Has $995,000 Holdings in Mister Car Wash, Inc. $MCW

Bleakley Financial Group LLC increased its stake in Mister Car Wash, Inc. (NYSE:MCW) by 50.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 165,583 shares of the company’s stock after purchasing an additional 55,853 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mister Car Wash were worth $995,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCW. Driehaus Capital Management LLC acquired a new stake in shares of Mister Car Wash in the 1st quarter valued at approximately $12,415,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Mister Car Wash in the 1st quarter valued at approximately $6,863,000. Brown Advisory Inc. boosted its holdings in shares of Mister Car Wash by 6.8% in the 1st quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company’s stock valued at $104,870,000 after buying an additional 843,225 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Mister Car Wash by 72.9% in the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company’s stock valued at $12,155,000 after buying an additional 649,448 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Mister Car Wash by 6.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,839,088 shares of the company’s stock valued at $38,180,000 after buying an additional 294,972 shares during the last quarter.

Mister Car Wash Stock Down 2.3%

Shares of NYSE MCW opened at $5.03 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a 52 week low of $4.61 and a 52 week high of $8.60. The stock has a market capitalization of $1.65 billion, a P/E ratio of 22.86, a PEG ratio of 1.65 and a beta of 1.46. The stock’s fifty day moving average is $5.36 and its 200 day moving average is $6.24.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $265.42 million during the quarter, compared to the consensus estimate of $271.83 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Sell-side 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 equities research analysts recently weighed in on MCW shares. Morgan Stanley dropped their price target on Mister Car Wash from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company lowered their price objective on 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. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the stock a “buy” rating in a research report on Monday, August 4th. Stifel Nicolaus lowered their price objective on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating on the stock in a research report on Thursday, July 31st. Finally, BMO Capital Markets lowered their price objective on Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Five equities 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.82.

Mister Car Wash Company 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.