Victory Capital Management Inc. Has $414,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Victory Capital Management Inc. raised its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,576 shares of the company’s stock after purchasing an additional 10,377 shares during the quarter. Victory Capital Management Inc.’s holdings in Mister Car Wash were worth $414,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MCW. Price T Rowe Associates Inc. MD raised its stake in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after purchasing an additional 2,479 shares during the period. CWM LLC grew its holdings in shares of Mister Car Wash by 94.6% during the 2nd quarter. CWM LLC now owns 90,686 shares of the company’s stock valued at $646,000 after acquiring an additional 44,085 shares in the last quarter. Simplicity Wealth LLC grew its holdings in shares of Mister Car Wash by 22.4% during the 2nd quarter. Simplicity Wealth LLC now owns 382,357 shares of the company’s stock valued at $2,722,000 after acquiring an additional 69,972 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of Mister Car Wash during the 2nd quarter valued at $181,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Mister Car Wash during the 2nd quarter valued at $84,000.

Wall Street Analysts Forecast Growth

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

Mister Car Wash Trading Down 1.1 %

Shares of NYSE:MCW opened at $8.00 on Friday. The stock has a market capitalization of $2.58 billion, a PE ratio of 34.78, a P/E/G 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 firm has a fifty day moving average price of $7.14 and a 200 day moving average price of $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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. During the same period in the prior year, the company posted $0.06 earnings per share. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 23,697 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $8.51, for a total transaction of $562,698.22. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $381,707.54. This trade represents a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 613,896 shares of company stock worth $4,957,139 over the last ninety days. Company insiders own 70.00% of the company’s stock.

About Mister Car Wash

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.