Dynamic Technology Lab Private Ltd Sells 53,433 Shares of Mister Car Wash, Inc. $MCW

Dynamic Technology Lab Private Ltd lessened its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 59.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,184 shares of the company’s stock after selling 53,433 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Mister Car Wash were worth $217,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Mister Car Wash by 87.4% in the second quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after buying an additional 2,632 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Mister Car Wash in the 2nd quarter worth $91,000. Global Trust Asset Management LLC acquired a new position in Mister Car Wash during the 2nd quarter worth $108,000. Envestnet Asset Management Inc. boosted its holdings in Mister Car Wash by 19.8% during the second 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 period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Mister Car Wash by 17.4% during the second 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 period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MCW shares. The Goldman Sachs Group set a $5.25 price objective on Mister Car Wash in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Guggenheim set a $8.00 price target on Mister Car Wash and gave the stock a “buy” rating in a report on Monday, August 4th. Wells Fargo & Company reduced their price objective on Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $8.00 price objective on shares of Mister Car Wash in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.23.

Mister Car Wash Trading Up 0.4%

Shares of MCW opened at $5.32 on Thursday. The stock’s 50-day moving average price is $5.17 and its 200 day moving average price is $5.90. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.65 and a beta of 1.47. Mister Car Wash, Inc. has a 12-month low of $4.61 and a 12-month high of $8.60.

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

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.