BNP Paribas Financial Markets Buys New Position in Mister Car Wash, Inc. (NYSE:MCW)

BNP Paribas Financial Markets bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,212 shares of the company’s stock, valued at approximately $96,000.

Several other large investors also recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $79,000. Forum Financial Management LP bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $81,000. Blue Trust Inc. boosted 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 purchasing an additional 5,032 shares during the period. LPL Financial LLC bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $102,000. Finally, Bank of Montreal Can boosted its position in shares of Mister Car Wash by 22.6% during the fourth 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 during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on MCW. 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 research report on Thursday, May 1st. Raymond James began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 target price for the company. Morgan Stanley upped their target price on shares of 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. Finally, 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 research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.46.

Insider Activity at Mister Car Wash

In other news, Director Veronica Rogers sold 5,205 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $7.06, for a total value of $36,747.30. Following the sale, the director now owns 27,880 shares of the company’s stock, valued at approximately $196,832.80. This represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 9,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $7.97, for a total transaction of $71,730.00. Following the completion of the sale, the insider now directly owns 84,895 shares in the company, valued at approximately $676,613.15. This represents a 9.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,451 shares of company stock valued at $893,453 over the last 90 days. 69.00% of the stock is owned by corporate insiders.

Mister Car Wash Price Performance

Mister Car Wash stock opened at $7.12 on Monday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 1.65 and a beta of 1.58. The firm’s fifty day moving average is $7.38 and its 200 day moving average is $7.57. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results 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%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. Sell-side analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

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.