Landscape Capital Management L.L.C. Raises Position in Mister Car Wash, Inc. (NYSE:MCW)

Landscape Capital Management L.L.C. lifted its stake in Mister Car Wash, Inc. (NYSE:MCW) by 337.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,327 shares of the company’s stock after purchasing an additional 78,919 shares during the period. Landscape Capital Management L.L.C.’s holdings in Mister Car Wash were worth $666,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Mister Car Wash in the second quarter worth about $31,000. Blue Trust Inc. grew its stake in shares of Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after acquiring an additional 7,617 shares during the period. Ariadne Wealth Management LP purchased a new stake in Mister Car Wash in the 2nd quarter worth approximately $73,000. Pallas Capital Advisors LLC bought a new stake in Mister Car Wash during the 2nd quarter worth approximately $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash during the second quarter valued at approximately $91,000.

Mister Car Wash Stock Up 1.5 %

MCW opened at $8.00 on Friday. The company has a market capitalization of $2.58 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The firm has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $6.96. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Analysts forecast that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the sale, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. The trade was a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 613,896 shares of company stock worth $4,957,139. Insiders own 70.00% of the company’s stock.

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.