Summit Creek Advisors LLC Sells 47,925 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Summit Creek Advisors LLC trimmed its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 797,361 shares of the company’s stock after selling 47,925 shares during the period. Summit Creek Advisors LLC owned 0.25% of Mister Car Wash worth $5,677,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wasatch Advisors LP boosted its position in Mister Car Wash by 1.7% during the first quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock worth $127,285,000 after purchasing an additional 267,825 shares during the period. Brown Advisory Inc. grew its stake in Mister Car Wash by 14.4% in the 4th quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock valued at $116,948,000 after buying an additional 1,706,435 shares during the last quarter. Vanguard Group Inc. raised its holdings in Mister Car Wash by 3.2% in the 4th 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 period. Woodson Capital Management LP boosted its holdings in Mister Car Wash by 80.5% during the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock valued at $23,328,000 after acquiring an additional 1,203,863 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Mister Car Wash by 34.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock valued at $9,226,000 after acquiring an additional 274,766 shares during the period.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $310,838.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,079 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $28,267.47. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $310,838.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The disclosure for this sale can be found here. In the last three months, insiders sold 42,698 shares of company stock valued at $296,860. Company insiders own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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 research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.36.

Mister Car Wash Trading Up 0.3 %

Shares of MCW opened at $6.22 on Friday. The stock’s 50-day moving average price is $6.87 and its 200 day moving average price is $7.15. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. Mister Car Wash, Inc. has a 12-month low of $4.80 and a 12-month high of $9.45. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.99 and a beta of 1.67.

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.