Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Mister Car Wash, Inc. (NYSE:MCWFree Report) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,091 shares of the company’s stock after selling 44,227 shares during the period. Trexquant Investment LP’s holdings in Mister Car Wash were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCW. Yousif Capital Management LLC boosted its position in Mister Car Wash by 2.7% during the 4th quarter. Yousif Capital Management LLC now owns 45,290 shares of the company’s stock worth $391,000 after acquiring an additional 1,175 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Mister Car Wash by 3.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 50,827 shares of the company’s stock worth $439,000 after purchasing an additional 1,695 shares during the period. Swiss National Bank grew its position in Mister Car Wash by 1.1% in the 3rd quarter. Swiss National Bank now owns 203,500 shares of the company’s stock valued at $1,121,000 after buying an additional 2,300 shares in the last quarter. Amalgamated Bank increased its stake in Mister Car Wash by 10.2% during the 3rd quarter. Amalgamated Bank now owns 37,871 shares of the company’s stock valued at $209,000 after buying an additional 3,501 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Mister Car Wash during the 4th quarter worth about $43,000.

Insider Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 4,857 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total transaction of $37,350.33. Following the transaction, the chief financial officer now owns 33,933 shares of the company’s stock, valued at $260,944.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO John Lo-Minn Lai sold 23,161 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total value of $178,108.09. Following the completion of the sale, the chief executive officer now directly owns 2,622,146 shares in the company, valued at $20,164,302.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 4,857 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total value of $37,350.33. Following the transaction, the chief financial officer now owns 33,933 shares in the company, valued at $260,944.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,425 shares of company stock valued at $624,391. 70.00% of the stock is owned by corporate insiders.

Mister Car Wash Stock Performance

MCW stock opened at $7.03 on Monday. The firm has a 50 day simple moving average of $7.12 and a 200 day simple moving average of $7.80. Mister Car Wash, Inc. has a 52 week low of $4.80 and a 52 week high of $10.07. The stock has a market cap of $2.25 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.16 and a beta of 1.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.30.

Mister Car Wash (NYSE:MCWGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. The company had revenue of $239.18 million during the quarter, compared to analyst estimates of $244.06 million. Research analysts anticipate that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MCW has been the subject of several recent analyst reports. Mizuho started coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price objective for the company. JPMorgan Chase & Co. upgraded Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target on the stock in a research report on Friday, May 3rd. Robert W. Baird upped their price objective on Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company lowered their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.56.

Read Our Latest Stock Report on MCW

Mister Car Wash Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Mister Car Wash (NYSE:MCW)

Receive News & Ratings for Mister Car Wash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mister Car Wash and related companies with MarketBeat.com's FREE daily email newsletter.