Neo Ivy Capital Management Makes New Investment in 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) during the fourth quarter, according to its most recent Form 13F 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 and other institutional investors also recently made changes to their positions in the company. FIL Ltd raised its holdings in Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company's stock valued at $72,281,000 after buying an additional 230,100 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock valued at $33,127,000 after acquiring an additional 912,944 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after acquiring an additional 958,479 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Mister Car Wash by 5.1% during the fourth 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 lifted its holdings in shares of Mister Car Wash by 103.5% during the fourth 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.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, Director Jodi Taylor sold 5,205 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $7.06, for a total value of $36,747.30. Following the transaction, the director now directly owns 36,932 shares of the company's stock, valued at approximately $260,739.92. This trade represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares of the company's stock, valued at approximately $472,323.24. The trade was a 48.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,267 shares of company stock valued at $2,242,916. Company insiders own 69.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MCW shares. Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Morgan Stanley increased their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Stephens cut their price objective on 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 reduced their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $8.46.

Mister Car Wash Stock Down 0.3%

Shares of Mister Car Wash stock traded down $0.02 during trading on Wednesday, reaching $7.14. 1,112,975 shares of the company traded hands, compared to its average volume of 1,539,983. 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 current ratio of 0.53 and a quick ratio of 0.24. The firm has a market capitalization of $2.32 billion, a PE ratio of 32.46, a P/E/G ratio of 1.65 and a beta of 1.58. The company has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.59.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued 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 return on equity of 10.49% and a net margin of 7.06%. During the same period in the prior year, the firm posted $0.08 earnings per share. The business's revenue for the quarter 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 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.