Mister Car Wash, Inc. $MCW Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its stake in Mister Car Wash, Inc. (NYSE:MCW) by 24.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,209,493 shares of the company’s stock after buying an additional 235,817 shares during the period. Tudor Investment Corp ET AL’s holdings in Mister Car Wash were worth $6,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in Mister Car Wash in the third quarter valued at approximately $56,000. PharVision Advisers LLC raised its holdings in Mister Car Wash by 227.0% in the third quarter. PharVision Advisers LLC now owns 45,428 shares of the company’s stock valued at $242,000 after buying an additional 31,534 shares during the period. Verition Fund Management LLC raised its holdings in Mister Car Wash by 73.7% in the third quarter. Verition Fund Management LLC now owns 181,048 shares of the company’s stock valued at $965,000 after buying an additional 76,828 shares during the period. Quarry LP raised its holdings in Mister Car Wash by 65.7% in the third quarter. Quarry LP now owns 7,604 shares of the company’s stock valued at $41,000 after buying an additional 3,016 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Mister Car Wash by 5.6% in the third quarter. Qube Research & Technologies Ltd now owns 2,065,264 shares of the company’s stock valued at $11,008,000 after buying an additional 109,278 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MCW shares. Wells Fargo & Company lowered shares of Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price target on the stock. in a report on Wednesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a report on Monday, February 23rd. Morgan Stanley set a $7.00 price target on shares of Mister Car Wash in a report on Thursday, February 19th. Guggenheim lowered shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a report on Wednesday, February 18th. Finally, Mizuho restated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Mister Car Wash currently has an average rating of “Hold” and a consensus price target of $7.10.

Mister Car Wash Stock Performance

MCW opened at $6.98 on Wednesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.65 and a beta of 1.37. The firm’s 50 day moving average is $6.65 and its 200-day moving average is $5.84. Mister Car Wash, Inc. has a 52-week low of $4.61 and a 52-week high of $7.98. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $261.24 million for the quarter, compared to analyst estimates of $262.35 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.