Jane Street Group LLC Has $645,000 Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Jane Street Group LLC raised its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 305.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 99,099 shares of the company's stock after acquiring an additional 74,673 shares during the period. Jane Street Group LLC's holdings in Mister Car Wash were worth $645,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MCW. Brown Brothers Harriman & Co. boosted its stake in shares of Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company's stock worth $16,349,000 after buying an additional 731,366 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. AQR Capital Management LLC grew its stake in 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. Bank of New York Mellon Corp increased its position in shares of Mister Car Wash by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company's stock worth $5,428,000 after purchasing an additional 145,374 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of Mister Car Wash by 200.9% during the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company's stock worth $3,349,000 after purchasing an additional 343,512 shares in the last quarter.

Mister Car Wash Stock Performance

Shares of NYSE MCW traded down $0.17 during midday trading on Friday, hitting $7.10. 654,409 shares of the company's stock were exchanged, compared to its average volume of 1,031,854. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $2.29 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.61. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.45. The company's 50 day moving average price is $7.65 and its 200 day moving average price is $7.05.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million during the quarter, compared to analysts' expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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, CFO Jedidiah Marc Gold sold 66,122 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the sale, the chief financial officer now owns 44,854 shares of the company's stock, valued at approximately $381,707.54. The trade was a 59.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 14,600 shares of the firm'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 transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. This represents a 15.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock valued at $4,957,139 in the last three months. 70.00% of the stock is currently owned by company insiders.

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.