Summit Creek Advisors LLC Has $3.45 Million Stock Holdings in Mister Car Wash, Inc. $MCW

Summit Creek Advisors LLC reduced its position in Mister Car Wash, Inc. (NYSE:MCW) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 574,484 shares of the company’s stock after selling 15,948 shares during the period. Summit Creek Advisors LLC owned 0.18% of Mister Car Wash worth $3,453,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Mister Car Wash by 87.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company’s stock worth $34,000 after purchasing an additional 2,632 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mister Car Wash in the 2nd quarter valued at approximately $91,000. Teacher Retirement System of Texas bought a new position in Mister Car Wash during the 1st quarter worth approximately $112,000. Global Trust Asset Management LLC acquired a new position in Mister Car Wash during the second quarter valued at approximately $108,000. Finally, CWM LLC increased its stake in Mister Car Wash by 10.1% in the first quarter. CWM LLC now owns 18,976 shares of the company’s stock valued at $150,000 after purchasing an additional 1,748 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on MCW shares. Stifel Nicolaus dropped their price objective on Mister Car Wash from $8.50 to $7.50 and set a “hold” rating on the stock in a research note on Thursday, July 31st. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the company a “buy” rating in a research report on Monday, August 4th. UBS Group lowered their target price on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Mizuho set a $8.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Mister Car Wash in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mister Car Wash has a consensus rating of “Hold” and a consensus price target of $7.16.

Mister Car Wash Price Performance

NYSE:MCW opened at $5.34 on Thursday. The firm’s fifty day moving average price is $5.29 and its two-hundred day moving average price is $6.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market cap of $1.75 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.65 and a beta of 1.46. Mister Car Wash, Inc. has a one year low of $4.61 and a one year high of $8.60.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 company had revenue of $263.42 million for the quarter, compared to the consensus estimate of $261.47 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Mister Car Wash Company 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.