Raymond James Financial Inc. Makes New $1.22 Million Investment in Mister Car Wash, Inc. (NYSE:MCW)

Raymond James Financial Inc. purchased a new position in Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 166,971 shares of the company’s stock, valued at approximately $1,217,000. Raymond James Financial Inc. owned approximately 0.05% of Mister Car Wash as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MCW. Victory Capital Management Inc. lifted its position in shares of Mister Car Wash by 29.3% during the 4th quarter. Victory Capital Management Inc. now owns 82,186 shares of the company’s stock worth $599,000 after purchasing an additional 18,610 shares during the last quarter. US Bancorp DE lifted its holdings in Mister Car Wash by 2,317.4% during the 4th quarter. US Bancorp DE now owns 17,212 shares of the company’s stock worth $125,000 after buying an additional 16,500 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Mister Car Wash during the 4th quarter worth about $698,000. Bank of New York Mellon Corp boosted its position in shares of Mister Car Wash by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 699,713 shares of the company’s stock worth $5,101,000 after acquiring an additional 12,174 shares in the last quarter. Finally, Olympiad Research LP purchased a new position in shares of Mister Car Wash in the 4th quarter valued at about $264,000.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $8.50, for a total transaction of $359,363.00. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $381,259. The trade was a 48.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 360,313 shares of company stock valued at $2,995,270. 70.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James began coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price target for the company. UBS Group increased their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Stephens initiated coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.43.

Mister Car Wash Stock Up 1.8 %

Shares of NYSE:MCW opened at $8.06 on Thursday. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $7.45. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 1.65 and a beta of 1.60.

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.