Dynamic Technology Lab Private Ltd Raises Stock Holdings in Mister Car Wash, Inc. $MCW

Dynamic Technology Lab Private Ltd boosted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 280.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,587 shares of the company’s stock after purchasing an additional 101,403 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Mister Car Wash were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCW. The Manufacturers Life Insurance Company lifted its position in shares of Mister Car Wash by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock valued at $37,063,000 after buying an additional 1,327,745 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Mister Car Wash by 91.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,955,986 shares of the company’s stock worth $11,755,000 after buying an additional 934,611 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Mister Car Wash by 3,168.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 862,999 shares of the company’s stock worth $5,187,000 after buying an additional 836,593 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Mister Car Wash during the 2nd quarter worth approximately $4,761,000. Finally, Western Standard LLC bought a new position in shares of Mister Car Wash during the 3rd quarter worth approximately $4,144,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MCW shares. UBS Group raised their target price on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wells Fargo & Company downgraded Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price target on the stock. in a research report on Wednesday, February 18th. Morgan Stanley set a $7.00 price objective on Mister Car Wash in a research report on Thursday, February 19th. William Blair downgraded Mister Car Wash from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Mister Car Wash in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mister Car Wash currently has a consensus rating of “Hold” and a consensus target price of $7.10.

Mister Car Wash Stock Up 0.6%

MCW stock opened at $7.03 on Tuesday. The stock has a market capitalization of $2.31 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. Mister Car Wash, Inc. has a 52 week low of $4.61 and a 52 week high of $8.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $6.18 and a 200 day moving average of $5.64.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results 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 business 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%. Mister Car Wash’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. Sell-side analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Mister Car Wash 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.