Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $20,000.00 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 2,500 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $8.00, for a total value of $20,000.00. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at approximately $358,832. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $8.34 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The stock’s 50-day moving average is $6.55 and its two-hundred day moving average is $6.86. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.05 and a beta of 1.60.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $249.15 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Mister Car Wash, Inc. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MQS Management LLC purchased a new position in shares of Mister Car Wash during the third quarter worth about $212,000. Victory Capital Management Inc. grew its holdings in shares of Mister Car Wash by 19.5% during the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after buying an additional 10,377 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Mister Car Wash by 214.9% during the third quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock worth $666,000 after buying an additional 69,817 shares during the last quarter. Versor Investments LP boosted its holdings in Mister Car Wash by 78.2% in the 3rd quarter. Versor Investments LP now owns 106,400 shares of the company’s stock valued at $693,000 after purchasing an additional 46,700 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter.

Wall Street Analyst Weigh In

MCW has been the topic of a number of analyst reports. UBS Group raised their price target 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 raised their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.