Charles Schwab Investment Management Inc. Trims Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Charles Schwab Investment Management Inc. trimmed its position in Mister Car Wash, Inc. (NYSE:MCW) by 0.8% in the 3rd quarter, Holdings Channel reports. The firm owned 825,432 shares of the company’s stock after selling 6,968 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mister Car Wash were worth $5,374,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MCW. Louisiana State Employees Retirement System lifted its stake in Mister Car Wash by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock worth $332,000 after purchasing an additional 1,500 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mister Car Wash by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after acquiring an additional 2,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock valued at $190,000 after acquiring an additional 4,268 shares during the period. nVerses Capital LLC purchased a new position in shares of Mister Car Wash in the second quarter valued at about $31,000. Finally, Blue Trust Inc. increased its position in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after acquiring an additional 7,617 shares during the period.

Mister Car Wash Stock Down 2.1 %

Shares of Mister Car Wash stock opened at $7.62 on Friday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.61. The company’s 50 day moving average is $7.38 and its 200 day moving average is $7.01. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $9.45. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Research analysts anticipate that Mister Car Wash, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 14,600 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 613,896 shares of company stock valued at $4,957,139. Insiders own 70.00% of the company’s stock.

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.