Blue Trust Inc. Grows Position in Mister Car Wash, Inc. (NYSE:MCW)

Blue Trust Inc. grew its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 884.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,478 shares of the company’s stock after purchasing an additional 7,617 shares during the quarter. Blue Trust Inc.’s holdings in Mister Car Wash were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCW. Vanguard Group Inc. raised its stake 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 during the period. AQR Capital Management LLC increased its position in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after buying an additional 3,640,862 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after buying an additional 337,272 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after acquiring an additional 535,873 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after acquiring an additional 145,374 shares during the period.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.50 on Friday. The company’s fifty day moving average price is $6.48 and its 200-day moving average price is $6.83. 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 firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 1.93 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.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MCW shares. UBS Group increased their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Mister Car Wash has an average rating of “Moderate Buy” and a consensus price target of $9.25.

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.