Mister Car Wash, Inc. (NYSE:MCW) Stock Holdings Lifted by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 29.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 103,268 shares of the company’s stock after buying an additional 23,556 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Mister Car Wash were worth $735,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in shares of Mister Car Wash by 34.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock worth $9,226,000 after buying an additional 274,766 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Mister Car Wash in the 1st quarter worth about $2,003,000. Vanguard Group Inc. increased its holdings in shares of Mister Car Wash by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after acquiring an additional 315,679 shares during the period. Rip Road Capital Partners LP acquired a new stake in shares of Mister Car Wash in the 4th quarter worth about $4,798,000. Finally, Armistice Capital LLC acquired a new stake in shares of Mister Car Wash in the 4th quarter worth about $558,000.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the business’s stock in a transaction dated 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 $35,000,082.81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Jedidiah Marc Gold sold 4,079 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at approximately $310,838.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was 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 of the company’s stock, valued at $35,000,082.81. The disclosure for this sale can be found here. Insiders sold 42,698 shares of company stock valued at $296,860 over the last 90 days. 70.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price objective 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 investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

Mister Car Wash Stock Down 1.4 %

Mister Car Wash stock opened at $6.54 on Friday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.84 and a beta of 1.64. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $7.00. Mister Car Wash, Inc. has a 52 week low of $4.80 and a 52 week high of $9.45.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. The firm had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. On average, analysts expect that Mister Car Wash, Inc. will post 0.27 EPS 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.