Hussman Strategic Advisors Inc. Acquires New Position in Mister Car Wash, Inc. $MCW

Hussman Strategic Advisors Inc. bought a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,000 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avory & Company LLC lifted its stake in shares of Mister Car Wash by 1.8% during the 3rd quarter. Avory & Company LLC now owns 824,779 shares of the company’s stock worth $4,396,000 after purchasing an additional 14,301 shares during the period. Bailard Inc. acquired a new position in Mister Car Wash in the third quarter valued at $78,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Mister Car Wash by 25.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,360 shares of the company’s stock worth $274,000 after buying an additional 10,427 shares during the period. Arkadios Wealth Advisors boosted its stake in Mister Car Wash by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 152,627 shares of the company’s stock worth $814,000 after buying an additional 6,099 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Mister Car Wash by 17.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 65,696 shares of the company’s stock worth $349,000 after buying an additional 9,669 shares during the last quarter.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $5.40 on Thursday. The firm has a market capitalization of $1.77 billion, a PE ratio of 24.55, a price-to-earnings-growth 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. The stock’s 50 day moving average price is $5.61 and its 200 day moving average price is $5.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $263.42 million for the quarter, compared to analyst estimates of $261.47 million. During the same quarter last year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

MCW has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Mister Car Wash from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Wells Fargo & Company dropped their price target on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Zacks Research upgraded shares of Mister Car Wash from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Stephens raised shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $7.50 to $6.25 in a research note on Monday, October 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Mister Car Wash in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mister Car Wash has an average rating of “Hold” and a consensus target price of $7.15.

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.