Mister Car Wash, Inc. (NYSE:MCW) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 136.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 276,533 shares of the company's stock after buying an additional 159,358 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of Mister Car Wash worth $2,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCW. Raymond James Financial Inc. purchased a new position in shares of Mister Car Wash in the 4th quarter valued at $1,217,000. AlphaQuest LLC increased its position in shares of Mister Car Wash by 218,505.6% during the fourth quarter. AlphaQuest LLC now owns 155,210 shares of the company's stock worth $1,131,000 after purchasing an additional 155,139 shares in the last quarter. Barclays PLC increased its position in shares of Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company's stock worth $1,165,000 after purchasing an additional 132,051 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Mister Car Wash by 419.9% in the 4th quarter. New York State Common Retirement Fund now owns 132,826 shares of the company's stock valued at $968,000 after purchasing an additional 107,280 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Mister Car Wash in the 4th quarter valued at about $698,000.

Insiders Place Their Bets

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total value of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at $472,323.24. The trade was a 48.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,009 shares of company stock worth $2,397,123. 70.00% of the stock is owned by corporate insiders.

Mister Car Wash Stock Performance

NYSE MCW traded down $0.18 during trading hours on Wednesday, hitting $6.86. 2,130,423 shares of the stock were exchanged, compared to its average volume of 1,607,123. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The stock has a 50-day moving average of $7.62 and a 200 day moving average of $7.53. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly 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 net margin of 7.06% and a return on equity of 10.49%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MCW shares. UBS Group boosted their price objective on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Raymond James 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 for the company. Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Stephens reduced 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 report on Thursday, April 24th. Finally, Morgan Stanley raised their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.50.

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.