Whittier Trust Co. of Nevada Inc. increased its position in shares of Mister Car Wash, Inc. (NYSE:MCW – Get Rating) by 119.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,838 shares of the company's stock after acquiring an additional 2,092 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Mister Car Wash were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of MCW. Point72 Hong Kong Ltd bought a new position in Mister Car Wash during the second quarter valued at about $30,000. MetLife Investment Management LLC bought a new position in Mister Car Wash during the first quarter valued at about $63,000. Quantbot Technologies LP bought a new position in Mister Car Wash during the first quarter valued at about $87,000. Captrust Financial Advisors raised its holdings in Mister Car Wash by 19,305.7% during the first quarter. Captrust Financial Advisors now owns 6,792 shares of the company's stock valued at $100,000 after buying an additional 6,757 shares in the last quarter. Finally, UBS Group AG raised its holdings in Mister Car Wash by 65.9% during the first quarter. UBS Group AG now owns 6,800 shares of the company's stock valued at $101,000 after buying an additional 2,700 shares in the last quarter.
Get Mister Car Wash alerts:Mister Car Wash Trading Up 0.9 %
Shares of NYSE:MCW opened at $9.23 on Tuesday. Mister Car Wash, Inc. has a 52-week low of $7.80 and a 52-week high of $19.10. The company has a market cap of $2.81 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.13 and a beta of 0.94. The stock's 50-day moving average is $9.41 and its 200-day moving average is $10.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.73 and a current ratio of 0.79.
Mister Car Wash (NYSE:MCW – Get Rating) last released its earnings results on Thursday, November 10th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. Mister Car Wash had a return on equity of 16.69% and a net margin of 15.40%. The business had revenue of $217.58 million for the quarter, compared to the consensus estimate of $215.68 million. Equities research analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.Wall Street Analyst Weigh In
Several equities analysts have weighed in on MCW shares. Robert W. Baird started coverage on Mister Car Wash in a report on Monday, October 3rd. They set a "neutral" rating and a $10.00 target price on the stock. UBS Group lowered their price target on Mister Car Wash to $11.00 in a research report on Wednesday, November 16th. Stifel Nicolaus downgraded Mister Car Wash from a "buy" rating to a "hold" rating and lowered their price target for the company from $17.00 to $10.00 in a research report on Friday, October 21st. Finally, MKM Partners started coverage on Mister Car Wash in a research report on Tuesday, October 4th. They issued a "neutral" rating and a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.50.
Insider Buying and Selling
In related news, COO Mayra Idali Chimienti sold 20,000 shares of Mister Car Wash stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total transaction of $190,800.00. Following the sale, the chief operating officer now directly owns 281,540 shares of the company's stock, valued at $2,685,891.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Mister Car Wash news, COO Mayra Idali Chimienti sold 20,000 shares of Mister Car Wash stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total transaction of $190,800.00. Following the sale, the chief operating officer now directly owns 281,540 shares of the company's stock, valued at $2,685,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Casey Penn Lindsay sold 142,127 shares of Mister Car Wash stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $8.73, for a total value of $1,240,768.71. The disclosure for this sale can be found here. Insiders have sold a total of 199,105 shares of company stock valued at $1,764,371 over the last three months. 71.90% of the stock is owned by corporate insiders.
Mister Car Wash Company Profile
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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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