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$MCW Alert: Mister Car Wash, Inc. Board Investigated for Breaches of Fiduciary Duties – Current Shareholders Reminded to Contact BFA Law
Globenewswire· 2026-02-23 12:07
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc. and its controlling stockholder, LGP, for potential breaches of fiduciary duties related to a proposed take-private sale at $7 per share, which may be considered unfair to public stockholders [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, which may be viewed as an unfairly low price [3]. - LGP holds over 66% of Mister Car Wash's common stock, allowing it to exert significant control over corporate decisions, including mergers and sales [4]. - LGP has already approved the take-private sale using its shares and does not intend to seek further votes from public stockholders, raising concerns about potential conflicts of interest [5]. Group 2: Legal Implications - The investigation aims to determine if Mister Car Wash's board of directors and LGP have violated their fiduciary duties to the company's stockholders in relation to the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
Mister Car Wash, Inc. ($MCW) Shareholders Notified to Contact BFA Law About Its Pending Investigation into the $7 per Share Take Private Transaction
TMX Newsfile· 2026-02-22 11:07
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc.'s board of directors and its controlling stockholder, LGP, for potential breaches of fiduciary duties to shareholders related to a proposed take-private sale at $7 per share, which may be considered unfairly low [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, raising concerns about the fairness of the price offered to stockholders [3]. - LGP, owning over 66% of Mister Car Wash's common stock, has significant control over corporate decisions, including the approval of mergers and sales, which may lead to conflicts of interest [4]. - LGP has already utilized its majority shares to approve the take-private sale without seeking further votes from public stockholders, potentially incentivizing a low sale price [5]. Group 2: Legal Implications - Bleichmar Fonti & Auld LLP is assessing whether the actions of Mister Car Wash's board and LGP constitute breaches of fiduciary duties to the public stockholders in light of the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
$MCW Stock Notice: Mister Car Wash, Inc. Hit with Investigation After Take Private Offer Announced – Current Shareholders Urged to Contact BFA Law
Globenewswire· 2026-02-21 11:23
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc.'s board of directors and its controlling stockholder, LGP, for potential breaches of fiduciary duties related to a proposed take-private sale at $7 per share, which may be considered unfair to public stockholders [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, which may be an unfairly low price [3]. - LGP owns over 66% of Mister Car Wash's common stock, allowing it to exert significant control over corporate decisions, including mergers and sales [4]. - LGP has already used its majority shares to approve the take-private sale without seeking further votes from public stockholders, raising concerns about potential conflicts of interest [5]. Group 2: Legal Implications - The investigation aims to determine if Mister Car Wash's board and LGP have breached their fiduciary duties to the public stockholders in connection with the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
Kaskela Law Firm Announces Investigation into Fairness of Mister Car Wash, Inc. (Nasdaq: MCW) Shareholder Buyout and Encourages Current MCW Shareholders to Contact the Firm
Globenewswire· 2026-02-20 13:01
PHILADELPHIA, Feb. 20, 2026 (GLOBE NEWSWIRE) -- On behalf of Mister Car Wash, Inc. (Nasdaq: MCW) shareholders, Kaskela Law LLC reports that it is investigating the recently announced proposed buyout of Mister Car Wash’s shareholders to determine whether the buyout price is fair to the company’s investors. Click here to request additional information: https://kaskelalaw.com/case/mister-car-wash/ February 18, 2026, Mister Car Wash announced that it had agreed to be acquired by private equity investment firm ...
Mister Car Wash (NYSE:MCW) Sees Unusually-High Trading Volume After Strong Earnings
Defense World· 2026-02-20 08:39
Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) saw an uptick in trading volume on Thursday following a stronger than expected earnings report. 3,011,764 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 2,330,270 shares.The stock last traded at $6.9950 and had previously closed at $6.98. Get Mister Car Wash alerts: The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% ...
Why Mister Car Wash Stock Surged This Morning
Yahoo Finance· 2026-02-18 16:37
Core Insights - Mister Car Wash shares surged approximately 16.4% to $6.99 following the announcement of a definitive merger agreement to go private at $7.00 per share [1][3] - The acquisition price represents a 29% premium over the volume-weighted average price of the stock over the past 90 days, implying an enterprise value of $3.1 billion for the company [3] Financial Performance - For the fourth quarter, Mister Car Wash reported adjusted earnings per share of 11 cents, slightly exceeding Wall Street expectations [4] - Revenue increased by 4% year-over-year to $261.2 million, with the addition of 16 new locations during the period [4] - The net income for the quarter was reported at $20.1 million [4] Acquisition Details - The private equity firm Leonard Green & Partners (LGP), which already owns about 67% of Mister Car Wash, will acquire the remaining shares [3][5] - The transaction is anticipated to close by the end of June [3]
Here's What Key Metrics Tell Us About Mister Car Wash (MCW) Q4 Earnings
ZACKS· 2026-02-18 15:31
For the quarter ended December 2025, Mister Car Wash (MCW) reported revenue of $261.24 million, up 4% over the same period last year. EPS came in at $0.11, compared to $0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $262.28 million, representing a surprise of -0.39%. The company delivered an EPS surprise of +10%, with the consensus EPS estimate being $0.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...
Shareholder Alert: The Ademi Firm investigates whether Mister Car Wash Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-02-18 15:16
Shareholder Alert: The Ademi Firm investigates whether Mister Car Wash Inc. is obtaining a Fair Price for its Public Shareholders [Accessibility Statement] Skip NavigationMILWAUKEE, Feb. 18, 2026 /PRNewswire/ -- Ademi LLP is investigating Mister Car Wash (NASDAQ: MCW) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Leonard Green & Partners.Click [here] to learn how to join our investigation and obtain additional information or contact us at [[em ...
Mister Car Wash Announces Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-02-18 12:01
Core Insights - Mister Car Wash reported a strong financial performance for the year ended December 31, 2025, achieving over $1 billion in revenue for the first time in its history, with a net income of $103.1 million [3][9][22] - The company experienced a 4% increase in net revenues to $261.2 million in Q4 2025 compared to Q4 2024, and comparable-store sales rose by 1.6% [9][22] - Membership in the Unlimited Wash Club® grew by 7% in Q4 2025, totaling nearly 2.3 million members, reflecting the strength of the company's customer value proposition [3][9] Financial Performance - For Q4 2025, net revenues were $261.2 million, up from $251.2 million in Q4 2024, marking a 4% increase [9][22] - Full-year net revenues increased by 6% to $1,051.7 million from $994.7 million in 2024 [9][22] - Adjusted EBITDA for Q4 2025 rose by 10% to $86.0 million, compared to $78.3 million in Q4 2024 [9][22] Membership and Location Growth - The company added 16 new greenfield locations in Q4 2025, contributing to a total of 548 locations by year-end, a 7% increase from 514 locations in 2024 [9][22] - The Unlimited Wash Club® memberships increased by 147,000 members year-over-year, reflecting a 7% growth [9][22] Income and Cash Flow - Net income for Q4 2025 was $20.1 million, with diluted earnings per share at $0.06 [9][22] - Free cash flow for the year was $30.3 million, a significant recovery from a negative $81.5 million in 2024 [15][29] - Cash and cash equivalents decreased to $28.5 million as of December 31, 2025, down from $67.5 million in 2024 [15][25] Operational Highlights - The company reported that UWC sales accounted for 79% of total wash sales in Q4 2025, up from 75% in Q4 2024 [9][22] - Total costs and expenses for Q4 2025 were $220.0 million, slightly up from $219.4 million in Q4 2024 [22][23]
Mister Car Wash to Be Taken Private by Leonard Green & Partners for $7.00 Per Share
Globenewswire· 2026-02-18 12:00
All-cash transaction delivers significant and certain value to Mister Car Wash stockholders at a premium of 29% to the volume-weighted average price of Mister Car Wash’s shares during the 90 days prior to and including February 17, 2026Transaction unanimously approved and recommended by a Special Committee of the Mister Car Wash Board of Directors, composed entirely of independent directors TUCSON, Ariz., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Mister Car Wash, Inc. (the “Company” or “Mister Car Wash”) (Nasdaq: ...