Dimensional Fund Advisors LP Grows Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Dimensional Fund Advisors LP grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 43.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,140,854 shares of the company’s stock after purchasing an additional 958,479 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.97% of Mister Car Wash worth $22,895,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in shares of 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 acquiring an additional 1,094,751 shares in the last quarter. FIL Ltd raised its holdings in shares of Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after purchasing an additional 230,100 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mister Car Wash in the 4th quarter worth approximately $1,217,000. First Trust Advisors LP lifted its position in shares of Mister Car Wash by 272.0% in the 4th quarter. First Trust Advisors LP now owns 219,992 shares of the company’s stock worth $1,604,000 after purchasing an additional 160,850 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mister Car Wash by 136.0% during the fourth quarter. JPMorgan Chase & Co. now owns 276,533 shares of the company’s stock valued at $2,016,000 after purchasing an additional 159,358 shares in the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the subject of a number of analyst reports. Raymond James started coverage on Mister Car Wash in a report on Thursday, March 13th. They set an “outperform” rating and a $10.00 target price for the company. Morgan Stanley boosted their price target 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. Stephens dropped their price objective 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. Finally, UBS Group reduced 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.46.

Mister Car Wash Stock Down 1.4 %

Shares of MCW stock opened at $7.53 on Wednesday. The stock’s fifty day moving average price is $7.62 and its 200 day moving average price is $7.56. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results 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 return on equity of 10.49% and a net margin of 7.06%. Mister Car Wash’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. On average, research analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $186,009.16. Following the sale, the chief executive officer now owns 4,479,420 shares in the company, valued at $37,806,304.80. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,009 shares of company stock valued at $2,397,123. Insiders own 70.00% of the company’s stock.

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.