Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 14,600 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total value of $116,362.00. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, November 5th, Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $188,865.09.

Mister Car Wash Trading Up 0.3 %

MCW traded up $0.02 on Tuesday, hitting $7.97. The company had a trading volume of 1,609,732 shares, compared to its average volume of 1,663,626. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $6.52 and its 200 day simple moving average is $6.86. The company has a market cap of $2.57 billion, a PE ratio of 34.63, a PEG ratio of 2.14 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 for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. Mister Car Wash’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Equities research analysts expect that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Mister Car Wash

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after buying an additional 3,640,862 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after acquiring an additional 535,873 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after purchasing an additional 337,272 shares during the period. Vanguard Group Inc. lifted its position in shares of Mister Car Wash by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after purchasing an additional 315,679 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Mister Car Wash by 30.5% during the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after purchasing an additional 150,641 shares during the period.

Wall Street Analysts Forecast Growth

MCW has been the subject of several research analyst reports. UBS Group raised their target price on shares of 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 boosted their target price 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.