Mister Car Wash, Inc. $MCW Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,368,532 shares of the company’s stock after selling 196,525 shares during the quarter. Vanguard Group Inc. owned about 3.17% of Mister Car Wash worth $57,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC bought a new stake in Mister Car Wash in the fourth quarter worth about $67,000. CWM LLC raised its position in Mister Car Wash by 153.7% in the fourth quarter. CWM LLC now owns 75,403 shares of the company’s stock worth $419,000 after acquiring an additional 45,684 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in Mister Car Wash in the fourth quarter worth about $1,804,000. Pallas Capital Advisors LLC bought a new stake in Mister Car Wash in the fourth quarter worth about $81,000. Finally, SG Americas Securities LLC raised its position in Mister Car Wash by 8.0% in the fourth quarter. SG Americas Securities LLC now owns 46,613 shares of the company’s stock worth $259,000 after acquiring an additional 3,438 shares in the last quarter.

Mister Car Wash Price Performance

NYSE MCW opened at $7.10 on Friday. The stock’s 50-day moving average price is $7.01 and its two-hundred day moving average price is $6.18. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.34 billion, a PE ratio of 32.27, a PEG ratio of 1.65 and a beta of 1.29. Mister Car Wash, Inc. has a 1 year low of $4.61 and a 1 year high of $7.84.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $277.91 million for the quarter, compared to the consensus estimate of $274.41 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. On average, analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on MCW. Stephens boosted their price target on shares of Mister Car Wash from $6.25 to $7.50 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Raymond James Financial cut shares of Mister Car Wash from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 20th. William Blair cut shares of Mister Car Wash from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Mizuho reiterated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company downgraded Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price objective on the stock. in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.10.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.