ORG Partners LLC Takes Position in Mister Car Wash, Inc. (NYSE:MCW)

ORG Partners LLC acquired a new position in Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,000 shares of the company’s stock, valued at approximately $43,000.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Mister Car Wash by 4.4% during the second quarter. JPMorgan Chase & Co. now owns 23,348 shares of the company’s stock worth $254,000 after acquiring an additional 991 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Mister Car Wash by 11.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 16,700 shares of the company’s stock valued at $92,000 after purchasing an additional 1,767 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Mister Car Wash by 4.5% during the 1st quarter. State of Tennessee Treasury Department now owns 42,851 shares of the company’s stock worth $369,000 after buying an additional 1,854 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Mister Car Wash by 33.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,650 shares of the company’s stock worth $71,000 after buying an additional 1,907 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of Mister Car Wash by 6.2% during the third quarter. Maryland State Retirement & Pension System now owns 36,509 shares of the company’s stock worth $201,000 after buying an additional 2,128 shares during the last quarter.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $8.98, for a total transaction of $667,249.92. Following the completion of the transaction, the insider now owns 75,515 shares of the company’s stock, valued at approximately $678,124.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Mayra Idali Chimienti sold 35,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $8.98, for a total value of $667,249.92. Following the completion of the transaction, the insider now owns 75,515 shares of the company’s stock, valued at $678,124.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,465 shares of company stock valued at $1,491,916. 71.20% of the stock is owned by insiders.

Mister Car Wash Stock Performance

Shares of MCW opened at $6.58 on Tuesday. The firm has a market cap of $2.09 billion, a P/E ratio of 27.42, a PEG ratio of 2.13 and a beta of 1.65. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month high of $10.07. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.31 and a current ratio of 0.36. The firm’s 50 day moving average price is $7.85 and its two-hundred day moving average price is $7.48.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Mister Car Wash had a return on equity of 9.81% and a net margin of 8.64%. The company had revenue of $230.14 million during the quarter, compared to analyst estimates of $230.89 million. On average, analysts forecast that Mister Car Wash, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of analyst reports. Mizuho assumed coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Mister Car Wash in a report on Friday, February 16th. They issued a “neutral” rating and a $9.50 price objective for the company. Wells Fargo & Company started coverage on Mister Car Wash in a report on Wednesday, January 10th. They set an “overweight” rating and a $11.00 target price on the stock. Finally, Robert W. Baird upped their price target on Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.95.

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.