Neo Ivy Capital Management Invests $381,000 in Mister Car Wash, Inc. (NYSE:MCW)

Neo Ivy Capital Management purchased a new position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 52,359 shares of the company's stock, valued at approximately $381,000.

Other hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP acquired a new position in Mister Car Wash in the fourth quarter valued at approximately $77,000. Quarry LP acquired a new position in Mister Car Wash in the fourth quarter valued at approximately $79,000. Forum Financial Management LP acquired a new position in Mister Car Wash in the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets acquired a new position in Mister Car Wash in the fourth quarter valued at approximately $96,000. Finally, Blue Trust Inc. raised its holdings in shares of 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 buying an additional 5,032 shares during the last quarter.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 42,278 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now directly owns 44,854 shares of the company's stock, valued at $381,259. This trade represents a 48.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jodi Taylor sold 5,205 shares of the firm's 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 transaction, the director now directly owns 36,932 shares in the company, valued at $260,739.92. The trade was a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 268,267 shares of company stock valued at $2,242,916 over the last ninety days. 69.00% of the stock is owned by corporate insiders.

Mister Car Wash Trading Up 0.2%

Shares of NYSE MCW traded up $0.02 during midday trading on Thursday, reaching $7.16. 344,453 shares of the stock were exchanged, compared to its average volume of 1,534,386. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The business has a 50-day simple moving average of $7.43 and a two-hundred day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

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 (EPS) for the quarter, beating 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 period in the prior year, the company posted $0.08 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MCW shares. UBS Group cut their price target on 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 boosted their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Raymond James initiated coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. Finally, Stephens dropped their price target on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Mister Car Wash has an average rating of "Hold" and an average target price of $8.46.

Mister Car Wash 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.