Barclays PLC Increases Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Barclays PLC boosted its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,858 shares of the company’s stock after acquiring an additional 9,845 shares during the period. Barclays PLC owned 0.06% of Mister Car Wash worth $1,377,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after buying an additional 5,032 shares in the last quarter. LPL Financial LLC bought a new position in Mister Car Wash in the 4th quarter worth about $102,000. Bank of Montreal Can raised its holdings in shares of Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after acquiring an additional 2,649 shares in the last quarter. US Bancorp DE boosted its position in shares of Mister Car Wash by 2,317.4% during the 4th quarter. US Bancorp DE now owns 17,212 shares of the company’s stock valued at $125,000 after acquiring an additional 16,500 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $128,000.

Mister Car Wash Trading Up 0.7 %

NYSE MCW opened at $7.54 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The stock has a 50-day moving average of $7.62 and a 200-day moving average of $7.55. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Mister Car Wash’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. As a group, sell-side analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price target 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. UBS Group cut 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 research report on Thursday. Raymond James began coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. Morgan Stanley upped their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Finally, Stephens decreased their price objective on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mister Car Wash presently has a consensus rating of “Hold” and a consensus price target of $8.46.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $451,466.28. Following the completion of the transaction, the chief financial officer now owns 55,437 shares of the company’s stock, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 286,009 shares of company stock valued at $2,397,123. 70.00% of the stock is currently owned by company insiders.

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.