Mister Car Wash, Inc. (NYSE:MCW) Position Lowered by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC trimmed its position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 59.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,303 shares of the company's stock after selling 161,600 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in Mister Car Wash were worth $785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MCW. AQR Capital Management LLC increased its holdings in shares of Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock worth $29,155,000 after buying an additional 3,640,862 shares during the last quarter. Wasatch Advisors LP increased its holdings in Mister Car Wash by 9.6% in the 4th quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company's stock valued at $139,588,000 after purchasing an additional 1,409,892 shares in the last quarter. Rip Road Capital Partners LP acquired a new stake in Mister Car Wash in the 4th quarter valued at $4,798,000. Dimensional Fund Advisors LP increased its holdings in Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company's stock valued at $9,752,000 after purchasing an additional 535,873 shares in the last quarter. Finally, Sea Cliff Partners Management LP acquired a new stake in Mister Car Wash in the 4th quarter valued at $4,218,000.

Mister Car Wash Stock Down 1.2 %

NYSE MCW traded down $0.08 during trading hours on Friday, hitting $6.69. The company had a trading volume of 870,512 shares, compared to its average volume of 1,723,090. The firm's 50 day moving average is $6.69 and its 200 day moving average is $6.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.04 and a beta of 1.64. Mister Car Wash, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $9.45.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $255.04 million during the quarter, compared to the consensus estimate of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a "sell" rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mister Car Wash currently has an average rating of "Moderate Buy" and an average target price of $9.50.

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.