Corton Capital Inc. Purchases New Position in Mister Car Wash, Inc. $MCW

Corton Capital Inc. purchased a new position in Mister Car Wash, Inc. (NYSE:MCW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,475 shares of the company’s stock, valued at approximately $165,000.

Several other large investors have also bought and sold shares of the company. Versor Investments LP raised its position in shares of Mister Car Wash by 42.3% in the 2nd quarter. Versor Investments LP now owns 194,000 shares of the company’s stock worth $1,166,000 after acquiring an additional 57,700 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Mister Car Wash by 15.7% during the second quarter. Arkadios Wealth Advisors now owns 146,528 shares of the company’s stock valued at $881,000 after purchasing an additional 19,864 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Mister Car Wash by 19.8% in the second quarter. Envestnet Asset Management Inc. now owns 22,832 shares of the company’s stock worth $137,000 after purchasing an additional 3,766 shares during the period. Bleakley Financial Group LLC raised its holdings in Mister Car Wash by 50.9% in the second quarter. Bleakley Financial Group LLC now owns 165,583 shares of the company’s stock worth $995,000 after purchasing an additional 55,853 shares in the last quarter. Finally, CWM LLC lifted its position in Mister Car Wash by 44.0% during the second quarter. CWM LLC now owns 27,323 shares of the company’s stock valued at $164,000 after buying an additional 8,347 shares during the period.

Mister Car Wash Stock Up 0.7%

MCW opened at $5.47 on Wednesday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.65 and a beta of 1.46. The firm has a 50 day moving average price of $5.30 and a 200-day moving average price of $6.13. Mister Car Wash, Inc. has a twelve month low of $4.61 and a twelve month high of $8.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.49% and a net margin of 7.06%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCW. UBS Group lowered their price target on shares of Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group set a $5.25 price objective on shares of Mister Car Wash in a research note on Friday. Piper Sandler downgraded shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $8.00 to $6.00 in a research note on Friday, October 24th. BMO Capital Markets reiterated an “outperform” rating and set a $9.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th. Finally, Wells Fargo & Company lowered their price objective on Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Mister Car Wash has a consensus rating of “Hold” and an average target price of $7.16.

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.