Victory Capital Management Inc. Has $414,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Victory Capital Management Inc. grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 19.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,576 shares of the company’s stock after buying an additional 10,377 shares during the period. Victory Capital Management Inc.’s holdings in Mister Car Wash were worth $414,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MCW. AQR Capital Management LLC raised its position in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after buying an additional 3,640,862 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after purchasing an additional 535,873 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after purchasing an additional 337,272 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $5,428,000 after purchasing an additional 145,374 shares in the last quarter. Finally, Savant Capital LLC raised its position in Mister Car Wash by 193.1% in the second quarter. Savant Capital LLC now owns 150,055 shares of the company’s stock worth $1,068,000 after purchasing an additional 98,862 shares in the last quarter.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 362,658 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $368,699.88. This represents a 88.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the sale, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. This trade represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 613,896 shares of company stock valued at $4,957,139. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

NYSE MCW opened at $8.00 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.08 and a beta of 1.60. The company has a 50 day moving average of $7.14 and a 200-day moving average of $6.97. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities analysts forecast that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group increased their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

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.