American Century Companies Inc. Has $18.42 Million Position in Mister Car Wash, Inc. (NYSE:MCW)

American Century Companies Inc. reduced its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 31.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,587,234 shares of the company’s stock after selling 1,189,297 shares during the period. American Century Companies Inc.’s holdings in Mister Car Wash were worth $18,421,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP boosted its position in Mister Car Wash by 1.7% in the first quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock valued at $127,285,000 after buying an additional 267,825 shares in the last quarter. Vanguard Group Inc. boosted its position in Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after buying an additional 315,679 shares in the last quarter. Woodson Capital Management LP boosted its position in Mister Car Wash by 80.5% in the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock valued at $23,328,000 after buying an additional 1,203,863 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Mister Car Wash by 34.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock valued at $9,226,000 after buying an additional 274,766 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after buying an additional 145,374 shares in the last quarter.

Mister Car Wash Trading Down 1.4 %

Shares of NYSE MCW opened at $6.54 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.09 billion, a PE ratio of 28.43, a P/E/G ratio of 1.84 and a beta of 1.64. The company has a 50-day moving average of $6.77 and a two-hundred day moving average of $7.01. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $255.04 million during the quarter, compared to the consensus estimate of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus price target of $9.75.

Insider Buying and Selling

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the completion of the sale, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $310,838.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $234,954.72. Following the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The disclosure for this sale can be found here. Insiders sold a total of 42,698 shares of company stock valued at $296,860 over the last ninety days. Insiders own 70.00% of the company’s stock.

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.