Brokerages Set Mister Car Wash, Inc. (NYSE:MCW) Price Target at $9.69

Mister Car Wash, Inc. (NYSE:MCW) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.69.

MCW has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target on the stock in a report on Friday, May 3rd. Wells Fargo & Company lowered 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 research report on Monday, April 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research note on Thursday, August 1st.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $6.68 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.13 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.28 and a beta of 1.67. The stock’s fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $7.37. Mister Car Wash has a 1-year low of $4.80 and a 1-year high of $9.45.

Insider Buying and Selling

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the sale, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Jedidiah Marc Gold sold 4,079 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $310,838.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction 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 completion of the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,928 shares of company stock worth $319,179. Corporate insiders own 70.00% of the company’s stock.

Institutional Trading of Mister Car Wash

Institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in Mister Car Wash during the 2nd quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $43,000. Pallas Capital Advisors LLC purchased a new stake in shares of Mister Car Wash during the second quarter valued at approximately $84,000. CIBC Asset Management Inc bought a new stake in Mister Car Wash in the 2nd quarter worth $91,000. Finally, 272 Capital LP purchased a new position in shares of Mister Car Wash in the second quarter valued at about $119,000.

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.