Mister Car Wash, Inc. (NYSE:MCW) Shares Bought by Barclays PLC

Barclays PLC increased its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 281.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 179,013 shares of the company’s stock after buying an additional 132,051 shares during the period. Barclays PLC owned about 0.06% of Mister Car Wash worth $1,165,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MCW. Rhumbline Advisers raised its position in shares of Mister Car Wash by 22.7% during the 2nd quarter. Rhumbline Advisers now owns 255,813 shares of the company’s stock worth $1,821,000 after purchasing an additional 47,271 shares during the period. Texas Permanent School Fund Corp increased its position in Mister Car Wash by 29.6% in the second quarter. Texas Permanent School Fund Corp now owns 103,268 shares of the company’s stock worth $735,000 after buying an additional 23,556 shares during the period. Brown Brothers Harriman & Co. lifted its stake in 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 valued at $12,673,000 after buying an additional 337,272 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mister Car Wash by 64.3% during 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, Delap Wealth Advisory LLC bought a new position in shares of Mister Car Wash during the second quarter worth about $255,000.

Insider Activity

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $338,199.16. This represents a 76.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $7.97, for a total value of $116,362.00. Following the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. This represents a 15.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock worth $4,957,139 in the last three months. 70.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group raised their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.08.

Mister Car Wash Stock Up 1.7 %

NYSE:MCW opened at $7.10 on Tuesday. The business’s fifty day moving average price is $7.64 and its 200 day moving average price is $7.04. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.95 and a beta of 1.61. 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, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $249.15 million. During the same quarter in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Mister Car Wash, Inc. will post 0.29 earnings per share 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.