Raymond James & Associates Purchases 72,748 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Raymond James & Associates boosted its position in Mister Car Wash, Inc. (NYSE:MCWGet Rating) by 55.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 204,807 shares of the company’s stock after purchasing an additional 72,748 shares during the period. Raymond James & Associates owned about 0.07% of Mister Car Wash worth $1,757,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Mister Car Wash by 4.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,348 shares of the company’s stock valued at $254,000 after acquiring an additional 991 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Mister Car Wash by 119.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,838 shares of the company’s stock valued at $33,000 after buying an additional 2,092 shares during the period. Amalgamated Bank grew its position in Mister Car Wash by 17.0% during the first quarter. Amalgamated Bank now owns 17,150 shares of the company’s stock worth $254,000 after buying an additional 2,490 shares in the last quarter. Citigroup Inc. increased its stake in Mister Car Wash by 19.9% during the 1st quarter. Citigroup Inc. now owns 15,536 shares of the company’s stock worth $229,000 after acquiring an additional 2,583 shares during the period. Finally, UBS Group AG raised its holdings in Mister Car Wash by 65.9% in the 1st quarter. UBS Group AG now owns 6,800 shares of the company’s stock valued at $101,000 after acquiring an additional 2,700 shares in the last quarter.

Insider Transactions at Mister Car Wash

In related news, COO Mayra Idali Chimienti sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total transaction of $190,800.00. Following the completion of the sale, the chief operating officer now owns 281,540 shares of the company’s stock, valued at $2,685,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 71.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on MCW. Robert W. Baird initiated coverage on Mister Car Wash in a research report on Monday, October 3rd. They set a “neutral” rating and a $10.00 price objective for the company. Stifel Nicolaus downgraded Mister Car Wash from a “buy” rating to a “hold” rating and dropped their target price for the company from $17.00 to $10.00 in a research report on Friday, October 21st. MKM Partners initiated coverage on Mister Car Wash in a research report on Tuesday, October 4th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, UBS Group dropped their target price on Mister Car Wash to $11.00 in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Mister Car Wash presently has a consensus rating of “Hold” and an average target price of $11.50.

Mister Car Wash Price Performance

Shares of MCW opened at $9.74 on Wednesday. Mister Car Wash, Inc. has a 1 year low of $7.80 and a 1 year high of $17.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.73. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The business has a 50-day moving average of $9.67 and a 200-day moving average of $9.93.

Mister Car Wash (NYSE:MCWGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Mister Car Wash had a return on equity of 16.69% and a net margin of 15.40%. The company had revenue of $217.58 million during the quarter, compared to the consensus estimate of $215.68 million. As a group, equities research analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Mister Car Wash Profile

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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

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Institutional Ownership by Quarter for Mister Car Wash (NYSE:MCW)

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