Accurate Wealth Management LLC Purchases Shares of 124,595 Mister Car Wash, Inc. (NYSE:MCW)

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

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mister Car Wash by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares during the period. Swiss National Bank raised its holdings in shares of Mister Car Wash by 1.4% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after acquiring an additional 2,600 shares in the last quarter. Bank of Montreal Can lifted its stake in Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after acquiring an additional 2,649 shares during the period. MetLife Investment Management LLC boosted its holdings in Mister Car Wash by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock valued at $425,000 after acquiring an additional 3,255 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock valued at $343,000 after purchasing an additional 4,000 shares during the period.

Mister Car Wash Stock Down 2.3%

NYSE:MCW traded down $0.15 during mid-day trading on Friday, hitting $6.32. 957,607 shares of the company's stock were exchanged, compared to its average volume of 1,528,366. The company has a market cap of $2.05 billion, a PE ratio of 28.73, a P/E/G ratio of 1.65 and a beta of 1.56. 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, Inc. has a one year low of $5.84 and a one year high of $8.60. The business has a fifty day moving average price of $7.14 and a 200 day moving average price of $7.48.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Equities analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Buying and Selling

In other news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now owns 55,437 shares of the company's stock, valued at $472,323.24. This trade represents a 48.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Lyn Porter sold 6,303 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $42,167.07. Following the transaction, the insider now owns 23,081 shares in the company, valued at approximately $154,411.89. This trade represents a 21.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,960 shares of company stock worth $1,571,781. 69.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Mister Car Wash 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.