Woodson Capital Management LP Sells 1,860,000 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Woodson Capital Management LP lessened its position in Mister Car Wash, Inc. (NYSE:MCW) by 74.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 640,000 shares of the company’s stock after selling 1,860,000 shares during the period. Woodson Capital Management LP owned about 0.20% of Mister Car Wash worth $4,166,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Mister Car Wash in the 2nd quarter worth approximately $31,000. Blue Trust Inc. increased its position in shares of Mister Car Wash by 884.7% during the 3rd 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 during the last quarter. Ariadne Wealth Management LP purchased a new position in shares of Mister Car Wash in the second quarter worth approximately $73,000. Pallas Capital Advisors LLC purchased a new stake in Mister Car Wash during the second quarter valued at approximately $84,000. Finally, CIBC Asset Management Inc bought a new position in Mister Car Wash in the second quarter worth approximately $91,000.

Mister Car Wash Stock Performance

NYSE MCW opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The stock has a market capitalization of $2.61 billion, a PE ratio of 35.18, a P/E/G ratio of 2.08 and a beta of 1.60. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45. The business has a 50 day simple moving average of $7.11 and a two-hundred day simple moving average of $6.96.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating 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 previous year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts predict that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. The trade was a 15.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 613,896 shares of company stock worth $4,957,139. Insiders own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MCW shares. The Goldman Sachs Group raised their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research note on Thursday, August 1st. UBS Group increased their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

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.