Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $14,684.67 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 2,119 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $14,684.67. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $562,757.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Joseph Duane Matheny also recently made the following trade(s):

• On Tuesday, May 14th, Joseph Duane Matheny sold 16,416 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $131,492.16.

Mister Car Wash Trading Down 0.1 %

Shares of NYSE MCW opened at $7.12 on Friday. The company’s fifty day moving average is $7.11 and its 200-day moving average is $7.73. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.22 and a beta of 1.67. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month 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.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCW. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target for the company in a report on Friday, May 3rd. Mizuho began coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.56.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently added to or reduced their stakes in MCW. ORG Partners LLC bought a new stake in Mister Car Wash in the 4th quarter valued at $43,000. Price T Rowe Associates Inc. MD lifted its position in Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after acquiring an additional 2,479 shares in the last quarter. Bessemer Group Inc. lifted its position in Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after acquiring an additional 1,824 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mister Car Wash by 33.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,405 shares of the company’s stock valued at $194,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Mister Car Wash in the 3rd quarter valued at $210,000.

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.