New York, June 11, 2026, 10:04 (ET)
- MCW is still listed on some quote pages, though there’s no trading volume and the intraday range isn’t updating.
- Leonard Green & Partners finished its take-private buyout, cashing out public shareholders at $7.00 a share.
- The question for MCW now isn’t the daily price, but how the private owner handles growth and debt with less public disclosure.
Mister Car Wash stock is showing up on some retail quote pages with a $7.10 price, but there’s no trading, no open, high, low, or volume numbers. The company says common shares have stopped trading and are set to come off Nasdaq.
MCW shares are showing an outdated price now—what’s on screen isn’t a current market move. Nasdaq told traders the last trading day was May 18, 2026, with suspension set for May 20. The merger is set at $7.00 per share, which is the cash amount due for each qualifying public share.
Mister Car Wash wrapped up its deal with Leonard Green & Partners on May 19, the company said. The sale was all cash, putting the enterprise value at $3.1 billion. Enterprise value covers equity, debt and other obligations, so it gives a fuller price than just looking at market cap.
LGP bought up all remaining Mister Car Wash shares it didn’t already own for $7.00 a share in cash, the company said. Some management kept a stake in the now-private business. “Going private gives us greater flexibility to continue investing behind providing a superior customer experience,” Chairman and CEO John Lai said. PR Newswire
The SEC filing spells out the terms. When the merger took effect, each public ordinary share was canceled and became the right to get $7.00 in cash, no interest. This didn’t apply to shares already owned or dissenting shares where holders pursue appraisal rights. Those investors can ask a court to decide the value instead of taking the deal price.
Mister Car Wash is out of the S&P SmallCap 600 after S&P Dow Jones Indices said F&G Annuities & Life would take its spot. The move is set before the open on May 19, and the index manager linked the cut to the Leonard Green buyout.
Mister Car Wash sent in its Form 15 on May 29, moving to end or pause its reporting requirements under the Securities Exchange Act. Form 15 is how companies tell the SEC they’re dropping their regular public filings. The company listed one holder of record as of the date on the form.
Mister Car Wash was still adding sales before the take-private. First-quarter revenue moved up 6% to $277.9 million, with comparable-store sales up 3.9%. Unlimited Wash Club made up 76% of total wash sales. The company finished the quarter with 2.5 million Unlimited Wash Club members and 549 shops.
Profit rose last quarter. Net income was up 26.7% at $34.2 million. Adjusted net income came in at $44.3 million, or $0.13 per diluted share. Adjusted numbers are non-GAAP and leave out some accounting items, aiming to show what management sees as underlying performance.
The risk hasn’t gone away, just moved. In a May 19 SEC filing, Mister Car Wash Holdings said it amended its first-lien credit deal and added a $900 million senior secured incremental term loan to help pay for stockholder consideration and transaction costs. Adding more debt can be tough if membership gains cool off, labor or rent climbs, or consumer spending drops. Public shareholders also lose the steady look at the numbers they had with quarterly filings once reporting pauses.
MCW isn’t trading today, so there’s nothing on Nasdaq for investors to buy or sell. Mister Car Wash stock is off the market. The main question now falls to Leonard Green. Can they get more cash from a 550-unit, subscription-focused car wash company, under a private, more leveraged, and less transparent setup?
