Charles Schwab Investment Management Inc. Takes Position in Mister Car Wash, Inc. $MCW

Key Points

• Charles Schwab Investment Management Inc. acquired 869,782 shares of Mister Car Wash, valued at approximately $6.86 million, reflecting a 0.27% ownership stake in the company.
• Several institutional investors have increased their stakes in Mister Car Wash, with Vanguard Group owning over 10.68 million shares, and Arkadios Wealth Advisors boosting their holdings by 160.4% in the first quarter.
• Wall Street analysts have mixed views on Mister Car Wash, with price targets ranging from $6.25 to $9.00, and a consensus rating of "Hold" with a target price of $8.09.

Charles Schwab Investment Management Inc. purchased a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 869,782 shares of the company's stock, valued at approximately $6,863,000. Charles Schwab Investment Management Inc. owned about 0.27% of Mister Car Wash at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MCW. Divisadero Street Capital Management LP acquired a new stake in Mister Car Wash during the 4th quarter worth approximately $10,392,000. Dimensional Fund Advisors LP raised its holdings in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after acquiring an additional 958,479 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock valued at $33,127,000 after acquiring an additional 912,944 shares in the last quarter. Brown Advisory Inc. raised its holdings in Mister Car Wash by 6.8% in the 1st quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock valued at $104,870,000 after acquiring an additional 843,225 shares in the last quarter. Finally, Avory & Company LLC raised its holdings in Mister Car Wash by 3,298.5% in the 1st quarter. Avory & Company LLC now owns 791,949 shares of the company's stock valued at $6,248,000 after acquiring an additional 768,646 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on MCW shares. Wells Fargo & Company dropped their price objective on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, July 18th. BTIG Research started coverage on Mister Car Wash in a report on Monday, June 30th. They issued a "neutral" rating for the company. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the company a "buy" rating in a report on Monday, August 4th. Piper Sandler decreased their price target on Mister Car Wash from $11.00 to $8.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Mizuho decreased their price target on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mister Car Wash has an average rating of "Hold" and a consensus target price of $8.09.

Mister Car Wash Price Performance

Shares of MCW traded up $0.04 during midday trading on Friday, hitting $5.71. The company's stock had a trading volume of 791,714 shares, compared to its average volume of 1,582,302. Mister Car Wash, Inc. has a one year low of $5.27 and a one year high of $8.60. The company's fifty day simple moving average is $6.13 and its two-hundred day simple moving average is $6.95. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $265.42 million during the quarter, compared to analyst estimates of $271.83 million. During the same period in the previous year, the company earned $0.11 EPS. Mister Car Wash's revenue for the quarter was up 4.1% on a year-over-year basis. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Mister Car Wash

In other news, insider Mary Lyn Porter sold 6,303 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the sale, the insider owned 23,081 shares of the company's stock, valued at approximately $154,411.89. This represents a 21.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 102,456 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $6.30, for a total value of $645,472.80. Following the completion of the sale, the insider directly owned 88,196 shares of the company's stock, valued at approximately $555,634.80. The trade was a 53.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,945 shares of company stock worth $1,588,371 in the last 90 days. 69.00% of the stock is currently owned by company insiders.

About Mister Car Wash

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.