Intech Investment Management LLC Purchases New Shares in Mister Car Wash, Inc. (NYSE:MCW)

Intech Investment Management LLC acquired a new stake in Mister Car Wash, Inc. (NYSE:MCW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 120,724 shares of the company’s stock, valued at approximately $786,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCW. AQR Capital Management LLC raised 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 worth $29,155,000 after acquiring an additional 3,640,862 shares during the last quarter. Bank of New York Mellon Corp increased its position in 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 worth $5,428,000 after purchasing an additional 145,374 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Mister Car Wash by 23.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after purchasing an additional 337,272 shares during the last quarter. GSA Capital Partners LLP lifted its position in Mister Car Wash by 214.9% during the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock valued at $666,000 after purchasing an additional 69,817 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after purchasing an additional 535,873 shares during the last quarter.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. This represents a 22.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $338,199.16. This represents a 76.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock valued at $4,957,139 over the last three months. 70.00% of the stock is currently owned by corporate insiders.

Mister Car Wash Price Performance

Shares of MCW opened at $8.00 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.60. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The stock’s 50-day moving average price is $7.14 and its two-hundred day moving average price is $6.97. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, equities analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

Separately, UBS Group lifted their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.25.

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.