Mister Car Wash, Inc. (NYSE:MCW) is Avory & Company LLC's 9th Largest Position

Avory & Company LLC increased its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 3,298.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 791,949 shares of the company's stock after purchasing an additional 768,646 shares during the period. Mister Car Wash makes up approximately 3.8% of Avory & Company LLC's investment portfolio, making the stock its 9th largest position. Avory & Company LLC owned 0.24% of Mister Car Wash worth $6,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 during the period. The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 912,944 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after purchasing an additional 958,479 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Mister Car Wash by 5.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company's stock worth $19,239,000 after purchasing an additional 127,791 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Mister Car Wash by 103.5% during the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock worth $15,693,000 after purchasing an additional 1,094,751 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price target 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. Raymond James Financial initiated coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. Stephens cut 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 research note on Thursday, April 24th. The Goldman Sachs Group initiated coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target on the stock. Finally, BTIG Research initiated coverage on shares of Mister Car Wash in a research note on Monday. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Mister Car Wash currently has an average rating of "Hold" and an average target price of $8.50.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $207,831.52. Following the transaction, the chief executive officer directly owned 4,578,350 shares in the company, valued at approximately $28,065,285.50. This trade represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 102,456 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total value of $645,472.80. Following the sale, the insider owned 88,196 shares of the company's stock, valued at $555,634.80. This trade represents a 53.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,355 shares of company stock worth $1,733,596 in the last ninety days. Company insiders own 69.00% of the company's stock.

Mister Car Wash Stock Down 2.1%

NYSE:MCW traded down $0.13 during midday trading on Monday, hitting $6.01. 2,161,594 shares of the company were exchanged, compared to its average volume of 1,495,534. The company has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $7.35. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. 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 company has a market capitalization of $1.95 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.08 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Mister Car Wash Company 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.