Squarepoint Ops LLC Has $2.35 Million Position in Mister Car Wash, Inc. $MCW

Squarepoint Ops LLC grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 269.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 390,568 shares of the company’s stock after acquiring an additional 284,939 shares during the period. Squarepoint Ops LLC owned 0.12% of Mister Car Wash worth $2,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Mister Car Wash by 0.4% during the first quarter. Vanguard Group Inc. now owns 10,686,795 shares of the company’s stock valued at $84,319,000 after purchasing an additional 40,236 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Mister Car Wash during the 1st quarter valued at about $6,863,000. Invesco Ltd. lifted its holdings in shares of Mister Car Wash by 1.3% during the 1st quarter. Invesco Ltd. now owns 315,576 shares of the company’s stock valued at $2,490,000 after buying an additional 3,983 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mister Car Wash in the 1st quarter valued at approximately $1,701,000. Finally, Public Sector Pension Investment Board increased its holdings in Mister Car Wash by 26.8% in the first quarter. Public Sector Pension Investment Board now owns 296,358 shares of the company’s stock worth $2,338,000 after buying an additional 62,646 shares during the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $5.75 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 firm has a fifty day simple moving average of $5.19 and a 200-day simple moving average of $5.69. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.65 and a beta of 1.47. Mister Car Wash, Inc. has a 1-year low of $4.61 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $263.42 million for the quarter, compared to the consensus estimate of $261.47 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 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. On average, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on MCW. Mizuho set a $8.00 target price on shares of Mister Car Wash in a research note on Thursday, October 30th. Piper Sandler lowered shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Friday, October 24th. Stephens upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $7.50 to $6.25 in a report on Monday, October 27th. UBS Group lowered their target price on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research raised Mister Car Wash from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.23.

Mister Car Wash Profile

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.