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Divisadero Street Capital Management LP buys into Mister Car Wash, as the company beats earnings expectations.
Institutional investor Divisadero Street Capital Management LP has acquired 1.2% of Mister Car Wash, Inc. (MCW), valued at about $10.4 million, while CEO John Lo-Minn Lai sold some shares, retaining 4.5 million.
The company beat earnings expectations with $0.11 EPS in its last quarter and projects 0.33 EPS for the year.
Other investors like Dimensional Fund Advisors LP and JPMorgan Chase & Co. have also increased their stakes in MCW.
The stock opened at $7.53 on Wednesday, with a market cap of $2.45 billion.
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Divisadero Street Capital Management LP compra a Mister Car Wash, ya que la compañía supera las expectativas de ganancias.