Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in Mister Car Wash, Inc. (NYSE:MCW) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,593 shares of the company’s stock after selling 1,558 shares during the quarter. Invesco Ltd. owned approximately 0.10% of Mister Car Wash worth $2,272,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after buying an additional 5,032 shares in the last quarter. LPL Financial LLC acquired a new position in Mister Car Wash during the 4th quarter worth about $102,000. Bank of Montreal Can lifted its stake in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock worth $105,000 after acquiring an additional 2,649 shares in the last quarter. US Bancorp DE lifted its stake 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 acquiring an additional 16,500 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Mister Car Wash in the 4th quarter valued at about $128,000.

Mister Car Wash Stock Up 0.7 %

Shares of NYSE MCW opened at $7.15 on Tuesday. 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 has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.54. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

Analysts Set New Price Targets

A number of research firms have issued reports on MCW. Stephens reduced their price target on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Morgan Stanley increased their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. UBS Group increased their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.50.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total value of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at $37,806,304.80. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the completion of the transaction, the chief financial officer now directly owns 55,437 shares in the company, valued at $472,323.24. This trade represents a 48.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 286,009 shares of company stock worth $2,397,123. 70.00% of the stock is owned by corporate insiders.

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.