Tudor Investment Corp ET AL Increases Position in Mister Car Wash, Inc. $MCW

Tudor Investment Corp ET AL boosted its position in Mister Car Wash, Inc. (NYSE:MCW) by 24.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,209,493 shares of the company’s stock after acquiring an additional 235,817 shares during the quarter. Tudor Investment Corp ET AL owned 0.37% of Mister Car Wash worth $6,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in shares of Mister Car Wash in the 3rd quarter worth about $56,000. PharVision Advisers LLC raised its holdings in shares of Mister Car Wash by 227.0% during the 3rd 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 in the last quarter. Verition Fund Management LLC raised its holdings in shares of Mister Car Wash by 73.7% during the 3rd 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 in the last quarter. Quarry LP lifted its position in Mister Car Wash by 65.7% in the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after buying an additional 3,016 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Mister Car Wash by 5.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,065,264 shares of the company’s stock worth $11,008,000 after buying an additional 109,278 shares during the last quarter.

Analyst Upgrades and Downgrades

MCW has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. BMO Capital Markets lowered shares of Mister Car Wash from an “outperform” rating to a “hold” rating and set a $7.00 price objective for the company. in a report on Thursday, February 19th. Raymond James Financial cut shares of Mister Car Wash from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Mister Car Wash in a report on Monday, February 23rd. Finally, Guggenheim cut shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.10.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $6.98 on Wednesday. The company has a market capitalization of $2.29 billion, a P/E ratio of 31.73, a PEG ratio of 1.65 and a beta of 1.40. Mister Car Wash, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a 50 day moving average price of $6.43 and a two-hundred day moving average price of $5.73.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm had revenue of $261.24 million for the quarter, compared to analysts’ expectations of $262.35 million. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Analysts expect 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.