Neo Ivy Capital Management Purchases Shares of 52,359 Mister Car Wash, Inc. (NYSE:MCW)

Neo Ivy Capital Management purchased a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,359 shares of the company's stock, valued at approximately $381,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $77,000. Quarry LP bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $79,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $96,000. Finally, Blue Trust Inc. increased its position 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 acquiring an additional 5,032 shares in the last quarter.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock traded up $0.07 on Tuesday, hitting $7.16. 993,390 shares of the company's stock were exchanged, compared to its average volume of 1,541,691. The company has a 50-day simple moving average of $7.47 and a 200-day simple moving average of $7.60. The stock has a market capitalization of $2.33 billion, a PE ratio of 32.55, a PEG ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly 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%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. As a group, equities analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock in a transaction on 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 owns 44,854 shares in the company, valued at $381,259. This trade represents a 48.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jodi Taylor sold 5,205 shares of Mister Car Wash stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total transaction of $36,747.30. Following the transaction, the director now owns 36,932 shares in the company, valued at $260,739.92. This represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,267 shares of company stock worth $2,242,916 in the last 90 days. 69.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MCW. Stephens cut their target price on shares of 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. 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 target price for the company. Morgan Stanley lifted 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 report on Thursday, February 20th. Finally, UBS Group cut 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Mister Car Wash has an average rating of "Hold" and a consensus target price of $8.46.

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.