Accurate Wealth Management LLC Makes New Investment in Mister Car Wash, Inc. (NYSE:MCW)

Accurate Wealth Management LLC bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 124,595 shares of the company's stock, valued at approximately $983,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after acquiring an additional 2,364 shares during the last quarter. Swiss National Bank lifted its position in shares of Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company's stock worth $1,384,000 after purchasing an additional 2,600 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after purchasing an additional 2,649 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Mister Car Wash by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock valued at $425,000 after buying an additional 3,255 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Mister Car Wash by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock valued at $343,000 after buying an additional 4,000 shares during the last quarter.

Insider Buying and Selling at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 41,997 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $280,959.93. Following the sale, the chief executive officer now directly owns 4,532,254 shares in the company, valued at $30,320,779.26. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Veronica Rogers sold 5,205 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total value of $36,747.30. Following the sale, the director now owns 27,880 shares in the company, valued at $196,832.80. The trade was a 15.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,560 shares of company stock valued at $1,576,563. 69.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCW. Stephens cut their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price target on the stock. Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective on the stock. UBS Group decreased their target price on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Morgan Stanley boosted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.50.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded down $0.02 during trading on Tuesday, hitting $6.64. 1,058,367 shares of the company's stock traded hands, compared to its average volume of 1,532,206. The company has a market cap of $2.16 billion, a PE ratio of 30.18, a PEG ratio of 1.65 and a beta of 1.56. The firm's fifty day moving average price is $7.20 and its 200 day moving average price is $7.52. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. The business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. Analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Mister Car Wash Company Profile

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. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.