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

Dynamic Technology Lab Private Ltd raised its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 595.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,046 shares of the company's stock after purchasing 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.

A number of other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its position 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 buying an additional 1,500 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 worth $135,000 after buying an additional 2,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company's stock worth $190,000 after buying an additional 4,268 shares during the period. nVerses Capital LLC bought a new position in shares of Mister Car Wash in the second quarter worth $31,000. Finally, Blue Trust Inc. grew its stake 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 worth $60,000 after purchasing an additional 7,617 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MCW shares. UBS Group increased their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price 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 given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Mister Car Wash Trading Up 0.2 %

Shares of NYSE MCW traded up $0.02 during mid-day trading on Thursday, hitting $8.09. 863,712 shares of the company traded hands, compared to its average volume of 1,641,380. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.11 and a beta of 1.60. 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 business has a 50 day moving average of $7.11 and a two-hundred day moving average of $6.96.

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

Insider Buying and Selling

In other news, 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 completion of the sale, the insider now directly owns 81,206 shares of the company's stock, valued at $647,211.82. This trade represents a 15.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $338,199.16. This represents a 76.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 613,896 shares of company stock valued at $4,957,139. Corporate insiders own 70.00% of the company's stock.

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.