Mister Car Wash, Inc. (NYSE:MCW) Position Lessened by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in Mister Car Wash, Inc. (NYSE:MCW) by 12.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,354 shares of the company’s stock after selling 2,201 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Mister Car Wash were worth $109,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after purchasing an additional 535,873 shares during the period. Brown Brothers Harriman & Co. raised its holdings in 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 valued at $12,673,000 after buying an additional 337,272 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Mister Car Wash by 29.6% during the second quarter. Texas Permanent School Fund Corp now owns 103,268 shares of the company’s stock valued at $735,000 after buying an additional 23,556 shares in the last quarter. Quest Partners LLC raised its holdings in Mister Car Wash by 332.9% during the second quarter. Quest Partners LLC now owns 116,750 shares of the company’s stock valued at $831,000 after buying an additional 89,783 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of Mister Car Wash by 193.1% in the second quarter. Savant Capital LLC now owns 150,055 shares of the company’s stock worth $1,068,000 after purchasing an additional 98,862 shares during the period.

Wall Street Analyst Weigh In

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

Mister Car Wash Trading Down 1.2 %

Mister Car Wash stock opened at $6.69 on Monday. The business has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $6.96. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64. Mister Car Wash, Inc. has a 12 month low of $4.80 and a 12 month high of $9.45.

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, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. As a group, equities analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

About Mister Car Wash

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.