Jane Street Group LLC Trims Stake in Mister Car Wash, Inc. (NYSE:MCW)

Jane Street Group LLC reduced its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 87.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,849 shares of the company's stock after selling 86,250 shares during the quarter. Jane Street Group LLC's holdings in Mister Car Wash were worth $94,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MCW. Blue Trust Inc. raised its position in Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after acquiring an additional 5,032 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Mister Car Wash by 74.0% in the fourth quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company's stock valued at $486,000 after buying an additional 28,358 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Mister Car Wash in the fourth quarter valued at approximately $692,000. Principal Financial Group Inc. increased its position in shares of Mister Car Wash by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 456,136 shares of the company's stock valued at $3,325,000 after buying an additional 14,205 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Mister Car Wash by 419.9% in the fourth quarter. New York State Common Retirement Fund now owns 132,826 shares of the company's stock valued at $968,000 after buying an additional 107,280 shares in the last quarter.

Mister Car Wash Trading Up 2.3%

Shares of MCW opened at $6.57 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $7.23 and a 200 day moving average price of $7.53. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The firm has a market capitalization of $2.13 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.65 and a beta of 1.56.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 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 company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Sell-side analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James assumed coverage on 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. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target on the stock. UBS Group cut 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. 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 note on Thursday, February 20th. Finally, Stephens dropped their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.50.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the sale, the chief financial officer now owns 55,437 shares in the company, valued at approximately $472,323.24. The trade was a 48.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 36,452 shares of the business'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 completion of the sale, the insider now owns 84,895 shares in the company, valued at $680,008.95. This represents a 30.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,560 shares of company stock valued at $1,576,563 in the last quarter. Insiders own 69.00% of the company's stock.

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.

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