Dark Forest Capital Management LP Cuts Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Dark Forest Capital Management LP trimmed its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 16.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,803 shares of the company’s stock after selling 6,486 shares during the period. Dark Forest Capital Management LP’s holdings in Mister Car Wash were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Mister Car Wash in the second quarter worth about $31,000. Pallas Capital Advisors LLC acquired a new stake in Mister Car Wash in the second quarter valued at approximately $84,000. CIBC Asset Management Inc purchased a new stake in shares of Mister Car Wash during the second quarter valued at approximately $91,000. 272 Capital LP purchased a new stake in shares of Mister Car Wash during the second quarter valued at approximately $119,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after purchasing an additional 2,479 shares in the last quarter.

Mister Car Wash Trading Down 1.2 %

MCW opened at $6.69 on Monday. Mister Car Wash, Inc. has a 12-month low of $4.80 and a 12-month high of $9.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The stock has a market capitalization of $2.14 billion, a PE ratio of 29.09, a P/E/G ratio of 2.04 and a beta of 1.64. The firm’s fifty day moving average price is $6.69 and its 200 day moving average price is $6.96.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, research analysts expect that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their price objective on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.50.

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.