Delap Wealth Advisory LLC Takes $255,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Delap Wealth Advisory LLC acquired a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,834 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 535,873 shares during the period. Brown Brothers Harriman & Co. raised its position 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 valued at $12,673,000 after purchasing an additional 337,272 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Mister Car Wash by 29.6% during the 2nd 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 last quarter. Quest Partners LLC boosted its holdings in shares of Mister Car Wash by 332.9% during the 2nd quarter. Quest Partners LLC now owns 116,750 shares of the company’s stock worth $831,000 after buying an additional 89,783 shares during the period. Finally, Savant Capital LLC grew its stake in Mister Car Wash by 193.1% in the 2nd quarter. Savant Capital LLC now owns 150,055 shares of the company’s stock valued at $1,068,000 after buying an additional 98,862 shares during the last quarter.

Insider Buying and Selling

In related news, CEO John Lo-Minn Lai sold 33,904 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $234,954.72. Following the sale, the chief executive officer now owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $28,267.47. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at $310,838.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,698 shares of company stock worth $296,860. Company insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Down 1.4 %

Shares of MCW opened at $6.54 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. Mister Car Wash, Inc. has a 12 month low of $4.80 and a 12 month high of $9.45. The firm’s 50 day moving average is $6.76 and its 200-day moving average is $7.00. The stock has a market capitalization of $2.09 billion, a PE ratio of 28.43, a P/E/G ratio of 1.84 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Mister Car Wash presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.75.

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.