Mister Car Wash, Inc. (NYSE:MCW) Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 337.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,327 shares of the company's stock after purchasing an additional 78,919 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Mister Car Wash were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Mister Car Wash in the 2nd quarter worth about $31,000. Blue Trust Inc. increased its holdings in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company's stock worth $60,000 after purchasing an additional 7,617 shares during the period. Ariadne Wealth Management LP bought a new stake in Mister Car Wash during the 2nd quarter valued at $73,000. Pallas Capital Advisors LLC purchased a new stake in shares of Mister Car Wash in the 2nd quarter worth $84,000. Finally, CIBC Asset Management Inc bought a new position in shares of Mister Car Wash during the 2nd quarter worth $91,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCW. UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a "sell" rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 23,697 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were 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 of the company's stock, valued at $647,211.82. The trade was a 22.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at $381,707.54. This trade represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 613,896 shares of company stock worth $4,957,139. 70.00% of the stock is owned by insiders.

Mister Car Wash Stock Up 1.5 %

Shares of NYSE:MCW traded up $0.12 during trading on Friday, reaching $8.00. The stock had a trading volume of 926,263 shares, compared to its average volume of 1,741,138. The firm's 50-day simple moving average is $7.01 and its 200 day simple moving average is $6.95. 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 one year low of $5.84 and a one year high of $9.45. The company has a market capitalization of $2.58 billion, a P/E ratio of 34.78, a PEG ratio of 2.02 and a beta of 1.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, research analysts expect that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

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.