Mister Car Wash, Inc. (NYSE:MCW) COO Sells $11,753.28 in Stock

Mister Car Wash, Inc. (NYSE:MCW) COO Mayra Idali Chimienti sold 1,696 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 transaction of $11,753.28. Following the transaction, the chief operating officer now owns 339,999 shares in the company, valued at approximately $2,356,193.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mayra Idali Chimienti also recently made the following trade(s):

• On Tuesday, June 4th, Mayra Idali Chimienti sold 432 shares of Mister Car Wash stock. The shares were sold at an average price of $6.91, for a total transaction of $2,985.12.

Mister Car Wash Trading Down 0.1 %

NYSE:MCW opened at $7.12 on Friday. The company’s 50 day moving average price is $7.11 and its 200-day moving average price is $7.73. Mister Car Wash, Inc. has a 52 week low of $4.80 and a 52 week high of $10.07. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.22 and a beta of 1.67.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The firm had revenue of $239.18 million for the quarter, compared to analysts’ expectations of $244.06 million. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MCW shares. Wells Fargo & Company cut their price objective on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. JPMorgan Chase & Co. upgraded shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective on the stock in a report on Friday, May 3rd. Finally, Mizuho started coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCW. Swiss National Bank lifted its position in Mister Car Wash by 1.1% during the third quarter. Swiss National Bank now owns 203,500 shares of the company’s stock valued at $1,121,000 after purchasing an additional 2,300 shares during the period. Citigroup Inc. lifted its position in Mister Car Wash by 18.5% during the third quarter. Citigroup Inc. now owns 82,078 shares of the company’s stock valued at $452,000 after purchasing an additional 12,830 shares during the period. Hsbc Holdings PLC lifted its position in Mister Car Wash by 14.2% during the third quarter. Hsbc Holdings PLC now owns 66,826 shares of the company’s stock valued at $370,000 after purchasing an additional 8,327 shares during the period. Dark Forest Capital Management LP bought a new position in Mister Car Wash during the third quarter valued at approximately $210,000. Finally, Trexquant Investment LP bought a new position in Mister Car Wash during the third quarter valued at approximately $514,000.

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.