Los Angeles Capital Management LLC Buys 77,326 Shares of Mister Car Wash, Inc. $MCW

Los Angeles Capital Management LLC lifted its stake in Mister Car Wash, Inc. (NYSE:MCW) by 86.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,746 shares of the company’s stock after purchasing an additional 77,326 shares during the period. Los Angeles Capital Management LLC owned 0.05% of Mister Car Wash worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MCW. GAMMA Investing LLC raised its stake in 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Mister Car Wash in the 2nd quarter worth approximately $91,000. Teacher Retirement System of Texas bought a new position in shares of Mister Car Wash in the 1st quarter worth approximately $112,000. Global Trust Asset Management LLC purchased a new position in shares of Mister Car Wash in the 2nd quarter valued at approximately $108,000. Finally, CWM LLC boosted its position in shares of Mister Car Wash by 10.1% during the first quarter. CWM LLC now owns 18,976 shares of the company’s stock valued at $150,000 after purchasing an additional 1,748 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCW shares. Stifel Nicolaus decreased their price objective on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating for the company in a report on Thursday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $9.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price target on shares of 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. The Goldman Sachs Group set a $5.25 price objective on shares of Mister Car Wash in a report on Friday, October 31st. Finally, Mizuho set a $8.00 target price on shares of Mister Car Wash in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.23.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $5.26 on Thursday. Mister Car Wash, Inc. has a 1 year low of $4.61 and a 1 year high of $8.60. The firm’s 50-day moving average is $5.24 and its 200 day moving average is $6.06. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

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