Woodson Capital Management LP Reduces Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Woodson Capital Management LP reduced its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 74.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 640,000 shares of the company's stock after selling 1,860,000 shares during the period. Woodson Capital Management LP owned about 0.20% of Mister Car Wash worth $4,166,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock worth $29,155,000 after purchasing an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock worth $23,639,000 after buying an additional 3,571,675 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company's stock valued at $16,349,000 after buying an additional 731,366 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 535,873 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Mister Car Wash by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company's stock worth $5,428,000 after acquiring an additional 145,374 shares in the last quarter.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 362,658 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $368,699.88. The trade was a 88.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Duane Matheny sold 23,697 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total value of $188,865.09. Following the transaction, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. This represents a 22.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 613,896 shares of company stock worth $4,957,139. Corporate insiders own 70.00% of the company's stock.

Wall Street Analyst Weigh In

MCW has been the subject of a number of research reports. UBS Group boosted their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.25.

Mister Car Wash Stock Down 1.1 %

Mister Car Wash stock traded down $0.09 during mid-day trading on Friday, reaching $8.00. 427,283 shares of the company were exchanged, compared to its average volume of 1,636,124. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The firm has a market cap of $2.58 billion, a P/E ratio of 34.78, a PEG ratio of 2.08 and a beta of 1.60. The business has a fifty day moving average of $7.14 and a 200 day moving average of $6.97. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45.

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