Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 74.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,074 shares of the company's stock after selling 887,016 shares during the period. Bank of America Corp DE owned about 0.09% of Mister Car Wash worth $2,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Swiss National Bank grew 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 buying an additional 2,600 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Mister Car Wash by 22.6% during the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after buying an additional 2,649 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Mister Car Wash by 5.9% during the fourth 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. Handelsbanken Fonder AB boosted its holdings in Mister Car Wash by 9.3% in the fourth 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 last quarter. Finally, Blue Trust Inc. boosted its holdings in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares during the last quarter.

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 36,452 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the sale, the insider now directly owns 84,895 shares in the company, valued at approximately $680,008.95. This trade represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Lyn Porter sold 6,303 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 23,081 shares in the company, valued at $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,560 shares of company stock valued at $1,576,563 in the last 90 days. Company insiders own 69.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MCW shares. Stephens lowered their price target on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a report on Tuesday. They issued a "sell" rating and a $6.25 price target on the stock. UBS Group lowered their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Morgan Stanley upped their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Finally, Raymond James began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.50.

Mister Car Wash Trading Up 0.6%

Shares of NYSE:MCW traded up $0.04 during mid-day trading on Wednesday, reaching $6.63. 1,694,599 shares of the company were exchanged, compared to its average volume of 1,543,499. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.65 and a beta of 1.58. The firm's 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.55. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60.

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

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.