Mister Car Wash, Inc. (NYSE:MCW) Shares Acquired by Avory & Company LLC

Avory & Company LLC boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 3,298.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 791,949 shares of the company's stock after purchasing an additional 768,646 shares during the quarter. Mister Car Wash comprises 3.8% of Avory & Company LLC's holdings, making the stock its 9th largest holding. Avory & Company LLC owned 0.24% of Mister Car Wash worth $6,248,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MCW. FIL Ltd boosted its position in shares of Mister Car Wash by 2.4% during the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company's stock worth $72,281,000 after purchasing an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Mister Car Wash by 25.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock worth $33,127,000 after buying an additional 912,944 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after acquiring an additional 958,479 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Mister Car Wash by 5.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company's stock worth $19,239,000 after acquiring an additional 127,791 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock valued at $15,693,000 after acquiring an additional 1,094,751 shares during the period.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $6.17 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 stock has a market cap of $2.00 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The stock's fifty day simple moving average is $6.96 and its two-hundred day simple moving average is $7.37. 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 announced its 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%. During the same period in the prior year, the company earned $0.08 earnings per share. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 target price on the stock. Raymond James Financial started 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. Stephens dropped their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.50.

Insiders Place Their Bets

In related news, Director Jodi Taylor sold 5,205 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $7.06, for a total transaction of $36,747.30. Following the completion of the transaction, the director now owns 36,932 shares in the company, valued at approximately $260,739.92. This represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00. Following the completion of the sale, the insider now directly owns 84,895 shares in the company, valued at approximately $676,613.15. This represents a 9.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 223,975 shares of company stock valued at $1,473,807 in the last 90 days. 69.00% of the stock is currently owned by corporate 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.

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