GSA Capital Partners LLP Acquires 69,817 Shares of Mister Car Wash, Inc. (NYSE:MCW)

GSA Capital Partners LLP increased its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 214.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,307 shares of the company's stock after buying an additional 69,817 shares during the quarter. GSA Capital Partners LLP's holdings in Mister Car Wash were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Mister Car Wash by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company's stock valued at $332,000 after purchasing an additional 1,500 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company's stock valued at $156,000 after purchasing an additional 1,824 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company's stock valued at $135,000 after purchasing an additional 2,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mister Car Wash by 19.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company's stock worth $190,000 after buying an additional 4,268 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Mister Car Wash during the 2nd quarter worth $31,000.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 144,319 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the sale, the chief financial officer now owns 44,854 shares of the company's stock, valued at approximately $338,199.16. The trade was a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Duane Matheny sold 23,697 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total transaction of $188,865.09. Following the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,896 shares of company stock valued at $4,957,139 over the last three months. 70.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCW has been the topic of several research reports. UBS Group upped their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a "sell" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.25.

Mister Car Wash Stock Performance

MCW stock traded down $0.03 during mid-day trading on Tuesday, hitting $7.72. 1,199,199 shares of the company were exchanged, compared to its average volume of 1,652,615. The business has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $6.95. The stock has a market capitalization of $2.49 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to analysts' expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that Mister Car Wash, Inc. will post 0.29 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.