American Century Companies Inc. Has $18.42 Million Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

American Century Companies Inc. lessened its stake in Mister Car Wash, Inc. (NYSE:MCW) by 31.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,587,234 shares of the company’s stock after selling 1,189,297 shares during the quarter. American Century Companies Inc. owned 0.81% of Mister Car Wash worth $18,421,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in shares of Mister Car Wash by 34.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock valued at $9,226,000 after purchasing an additional 274,766 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Mister Car Wash during the 1st quarter valued at $2,003,000. Vanguard Group Inc. raised its holdings in shares of Mister Car Wash by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after purchasing an additional 315,679 shares in the last quarter. Rip Road Capital Partners LP bought a new position in shares of Mister Car Wash during the 4th quarter valued at $4,798,000. Finally, Armistice Capital LLC bought a new position in Mister Car Wash in the 4th quarter worth $558,000.

Mister Car Wash Stock Performance

Shares of MCW opened at $6.54 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.64. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The company’s fifty day moving average price is $6.77 and its 200 day moving average price is $7.01.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the sale, the chief executive officer now directly owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the sale, the chief executive officer now directly owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $28,267.47. Following the sale, the chief financial officer now owns 44,854 shares in the company, valued at $310,838.22. The disclosure for this sale can be found here. Insiders have sold 42,698 shares of company stock worth $296,860 in the last ninety days. Insiders own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

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.