Vanguard Group Inc. decreased its holdings in Mister Car Wash, Inc. (NYSE:MCW – Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,368,532 shares of the company’s stock after selling 196,525 shares during the period. Vanguard Group Inc.’s holdings in Mister Car Wash were worth $57,649,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Vident Advisory LLC increased its holdings in shares of Mister Car Wash by 7.8% in the 2nd quarter. Vident Advisory LLC now owns 25,447 shares of the company’s stock valued at $153,000 after purchasing an additional 1,851 shares during the period. CWM LLC increased its holdings in shares of Mister Car Wash by 8.8% in the 3rd quarter. CWM LLC now owns 29,719 shares of the company’s stock valued at $158,000 after purchasing an additional 2,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Mister Car Wash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock valued at $444,000 after purchasing an additional 2,519 shares during the period. Jane Street Group LLC increased its holdings in shares of Mister Car Wash by 7.6% in the 2nd quarter. Jane Street Group LLC now owns 40,321 shares of the company’s stock valued at $242,000 after purchasing an additional 2,839 shares during the period. Finally, Quarry LP increased its holdings in shares of Mister Car Wash by 65.7% in the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock valued at $41,000 after purchasing an additional 3,016 shares during the period.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Stephens upped their target price on Mister Car Wash from $6.25 to $7.50 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Wells Fargo & Company downgraded Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 target price on the stock. in a report on Wednesday, February 18th. UBS Group upped their target price on Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Mister Car Wash in a report on Monday, February 23rd. Finally, Mizuho restated a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Mister Car Wash in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mister Car Wash currently has an average rating of “Hold” and a consensus target price of $7.10.
Mister Car Wash Stock Performance
NYSE:MCW opened at $7.10 on Friday. The stock’s 50 day moving average price is $7.01 and its 200 day moving average price is $6.18. Mister Car Wash, Inc. has a 52 week low of $4.61 and a 52 week high of $7.84. The company has a market capitalization of $2.34 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.
Mister Car Wash (NYSE:MCW – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $277.91 million for the quarter, compared to the consensus estimate of $274.41 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.
Mister Car Wash 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.
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