GSA Capital Partners LLP Buys 69,817 Shares of Mister Car Wash, Inc. (NYSE:MCW)

GSA Capital Partners LLP boosted its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 214.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,307 shares of the company’s stock after purchasing an additional 69,817 shares during the period. GSA Capital Partners LLP’s holdings in Mister Car Wash were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MCW. nVerses Capital LLC acquired a new stake in Mister Car Wash during the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its holdings in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in Mister Car Wash during the second quarter valued at approximately $73,000. Pallas Capital Advisors LLC acquired a new position in shares of Mister Car Wash in the 2nd quarter worth approximately $84,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Mister Car Wash in the 2nd quarter worth approximately $91,000.

Mister Car Wash Stock Down 2.3 %

NYSE:MCW opened at $7.75 on Tuesday. The stock’s fifty day moving average price is $6.88 and its two-hundred day moving average price is $6.95. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45. 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 company has a market cap of $2.50 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.04 and a beta of 1.60.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Mister Car Wash, Inc. will post 0.29 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $338,199.16. This represents a 76.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. This trade represents a 22.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCW has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. UBS Group boosted their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a 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. Based on data from MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

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.