Mister Car Wash, Inc. (NYSE:MCW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,864,711 shares of the company’s stock after selling 261,891 shares during the period. Marshall Wace LLP’s holdings in Mister Car Wash were worth $13,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCW. Wasatch Advisors LP increased its stake in Mister Car Wash by 1.7% during the 1st quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock worth $127,285,000 after buying an additional 267,825 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after acquiring an additional 315,679 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Mister Car Wash by 23.4% during 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. Dimensional Fund Advisors LP raised its stake in Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after purchasing an additional 535,873 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Mister Car Wash by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after purchasing an additional 145,374 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price 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 four have given a buy rating to the company. Based on data from MarketBeat, Mister Car Wash presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Mister Car Wash Stock Performance

NYSE MCW opened at $6.69 on Friday. Mister Car Wash, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $9.45. The firm has a market capitalization of $2.15 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64. The stock’s fifty day moving average is $6.69 and its two-hundred day moving average is $6.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.25 and a current ratio of 0.28.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. The firm had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. On average, research analysts anticipate that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

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.