Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 235,198 shares of the company’s stock after selling 7,155 shares during the quarter. Gotham Asset Management LLC’s holdings in Mister Car Wash were worth $1,715,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MCW. Divisadero Street Capital Management LP purchased a new position in Mister Car Wash during the fourth quarter worth about $10,392,000. Marshall Wace LLP increased its holdings in Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock valued at $15,693,000 after buying an additional 1,094,751 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after buying an additional 958,479 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Mister Car Wash by 25.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after buying an additional 912,944 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Mister Car Wash by 652.0% in the fourth quarter. Algert Global LLC now owns 346,224 shares of the company’s stock valued at $2,524,000 after buying an additional 300,184 shares in the last quarter.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now owns 55,437 shares in the company, valued at approximately $472,323.24. This trade represents a 48.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 30,742 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total transaction of $248,087.94. Following the sale, the insider now owns 81,206 shares in the company, valued at approximately $655,332.42. This trade represents a 27.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,599 shares of company stock worth $2,417,509. 69.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCW. Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price for the company. Stephens dropped their target price on shares of Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, Morgan Stanley increased their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Mister Car Wash presently has a consensus rating of “Hold” and an average price target of $8.46.

Mister Car Wash Trading Up 1.2%

Shares of MCW opened at $7.78 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a 50 day simple moving average of $7.55 and a 200-day simple moving average of $7.63. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

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.