Bleakley Financial Group LLC Sells 344,049 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Bleakley Financial Group LLC lowered its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 90.0% during the third quarter, Holdings Channel reports. The fund owned 38,308 shares of the company’s stock after selling 344,049 shares during the period. Bleakley Financial Group LLC’s holdings in Mister Car Wash were worth $249,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after purchasing an additional 3,640,862 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 535,873 shares during the period. Brown Brothers Harriman & Co. raised 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 acquiring an additional 337,272 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mister Car Wash by 3.2% during 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. Finally, Wasatch Advisors LP lifted its stake in shares of Mister Car Wash by 1.7% during the first quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock valued at $127,285,000 after acquiring an additional 267,825 shares during the period.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mister Car Wash presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Mister Car Wash Trading Up 0.2 %

NYSE:MCW opened at $6.31 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $9.45. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.98 and a beta of 1.64. The business’s 50-day moving average price is $6.47 and its two-hundred day moving average price is $6.85.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, topping 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 business had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. On average, equities analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Mister Car Wash 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.