Greenhouse Funds LLLP Purchases 1,444,691 Shares of Mister Car Wash, Inc. $MCW

Greenhouse Funds LLLP grew its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 9.4% during the third quarter, Holdings Channel reports. The fund owned 16,863,562 shares of the company’s stock after purchasing an additional 1,444,691 shares during the period. Mister Car Wash makes up about 3.3% of Greenhouse Funds LLLP’s holdings, making the stock its 13th biggest holding. Greenhouse Funds LLLP owned 0.05% of Mister Car Wash worth $89,883,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. UBS Group AG boosted its position in shares of Mister Car Wash by 43.0% during the third quarter. UBS Group AG now owns 468,344 shares of the company’s stock valued at $2,496,000 after purchasing an additional 140,805 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Mister Car Wash by 89.2% in the third quarter. BNP Paribas Financial Markets now owns 25,001 shares of the company’s stock worth $133,000 after purchasing an additional 11,788 shares during the period. Russell Investments Group Ltd. raised its holdings in Mister Car Wash by 18,260.0% in the third quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock worth $44,000 after purchasing an additional 8,217 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Mister Car Wash by 280.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 137,587 shares of the company’s stock worth $733,000 after purchasing an additional 101,403 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Mister Car Wash by 13.4% during the third quarter. Dimensional Fund Advisors LP now owns 6,048,392 shares of the company’s stock valued at $32,238,000 after buying an additional 716,818 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCW. William Blair cut shares of Mister Car Wash from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Mizuho reiterated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a research note on Wednesday, February 18th. Stephens lifted their price target on shares of Mister Car Wash from $6.25 to $7.50 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. BMO Capital Markets lowered shares of Mister Car Wash from an “outperform” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Thursday, February 19th. Finally, Piper Sandler upped their price objective on shares of Mister Car Wash from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7.10.

Mister Car Wash Trading Down 0.3%

Mister Car Wash stock opened at $6.99 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $6.23 and its two-hundred day simple moving average is $5.65. Mister Car Wash, Inc. has a 12 month low of $4.61 and a 12 month high of $8.60. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $261.24 million for the quarter, compared to analysts’ expectations of $262.35 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share 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.