Dynamic Technology Lab Private Ltd Has $1.02 Million Position in Mister Car Wash, Inc. (NYSE:MCW)

Dynamic Technology Lab Private Ltd lifted its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 595.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,046 shares of the company’s stock after buying an additional 133,605 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Mister Car Wash were worth $1,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new position in Mister Car Wash during the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in shares of Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares during the period. Ariadne Wealth Management LP purchased a new position in shares of Mister Car Wash during the 2nd quarter valued at $73,000. Pallas Capital Advisors LLC purchased a new position in shares of Mister Car Wash during the 2nd quarter valued at $84,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Mister Car Wash in the second quarter worth $91,000.

Insider Buying and Selling

In related news, insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 15.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 362,658 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total value of $2,981,048.76. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at $368,699.88. This trade represents a 88.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 613,896 shares of company stock valued at $4,957,139. Company insiders own 70.00% of the company’s stock.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $8.09 on Thursday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.11 and a beta of 1.60. The business has a 50-day moving average of $7.08 and a two-hundred day moving average of $6.96. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MCW has been the topic of a number of recent research reports. UBS Group boosted their target price on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

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.