New York State Teachers Retirement System purchased a new position in Mister Car Wash, Inc. (NYSE:MCW – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,040 shares of the company's stock, valued at approximately $181,000.
Several other large investors also recently bought and sold shares of MCW. Crow s Nest Holdings LP grew its holdings in shares of Mister Car Wash by 221.1% in the first quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company's stock worth $55,976,000 after acquiring an additional 2,606,011 shares during the period. Wasatch Advisors Inc. lifted its stake in shares of Mister Car Wash by 23.5% in the 1st quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company's stock worth $147,741,000 after purchasing an additional 1,899,664 shares during the period. FMR LLC lifted its stake in shares of Mister Car Wash by 31.5% in the 2nd quarter. FMR LLC now owns 5,926,899 shares of the company's stock worth $64,485,000 after purchasing an additional 1,418,924 shares during the period. Vanguard Group Inc. lifted its stake in shares of Mister Car Wash by 24.3% in the 1st quarter. Vanguard Group Inc. now owns 6,091,233 shares of the company's stock worth $90,088,000 after purchasing an additional 1,189,990 shares during the period. Finally, Sei Investments Co. increased its holdings in Mister Car Wash by 281.1% during the second quarter. Sei Investments Co. now owns 1,031,471 shares of the company's stock valued at $11,222,000 after buying an additional 760,828 shares during the last quarter.
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Mister Car Wash Price Performance
Shares of NYSE:MCW opened at $9.59 on Friday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.20 and a beta of 0.94. Mister Car Wash, Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.73 and a current ratio of 0.79. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.97.
Mister Car Wash (NYSE:MCW – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $217.58 million for the quarter, compared to analysts' expectations of $215.68 million. Mister Car Wash had a return on equity of 16.69% and a net
margin of 15.40%. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.
Insider Activity
In other news, COO Mayra Idali Chimienti sold 20,000 shares of the business's stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $9.54, for a total value of $190,800.00. Following the sale, the chief operating officer now directly owns 281,540 shares in the company, valued at approximately $2,685,891.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 71.90% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MCW shares. Robert W. Baird started coverage on shares of Mister Car Wash in a research report on Monday, October 3rd. They set a "neutral" rating and a $10.00 price objective for the company. UBS Group decreased their price objective on Mister Car Wash to $11.00 in a research note on Wednesday, November 16th. MKM Partners initiated coverage on Mister Car Wash in a research note on Tuesday, October 4th. They set a "neutral" rating and a $9.00 price objective for the company. Finally, Stifel Nicolaus cut shares of Mister Car Wash from a "buy" rating to a "hold" rating and decreased their target price for the stock from $17.00 to $10.00 in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.50.
About Mister Car Wash
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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.
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