Mister Car Wash, Inc. (NYSE:MCW) Stock Position Lifted by First Trust Advisors LP

First Trust Advisors LP raised its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 272.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,992 shares of the company's stock after purchasing an additional 160,850 shares during the period. First Trust Advisors LP owned about 0.07% of Mister Car Wash worth $1,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company's stock valued at $1,165,000 after purchasing an additional 132,051 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Mister Car Wash by 54.6% in the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock valued at $763,000 after purchasing an additional 41,390 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Mister Car Wash by 13.3% in the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock valued at $355,000 after purchasing an additional 5,702 shares during the last quarter. Blue Trust Inc. increased its stake in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Mister Car Wash by 74.0% in the fourth quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company's stock valued at $486,000 after purchasing an additional 28,358 shares during the last quarter.

Mister Car Wash Stock Up 3.9%

Shares of MCW stock traded up $0.29 during trading hours on Monday, reaching $7.74. The company had a trading volume of 106,105 shares, compared to its average volume of 1,577,697. 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, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. The company has a market capitalization of $2.51 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The stock's fifty day simple moving average is $7.56 and its 200 day simple moving average is $7.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its earnings results 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 return on equity of 10.49% and a net margin of 7.06%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 93,121 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the transaction, the chief financial officer now owns 55,437 shares of the company's stock, valued at $471,768.87. This trade represents a 62.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 30,742 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total value of $248,087.94. Following the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $655,332.42. This represents a 27.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 286,009 shares of company stock valued at $2,397,123. 69.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on MCW. UBS Group dropped their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. 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 report on Thursday, April 24th. Raymond James began coverage on shares of 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, Morgan Stanley raised their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.