Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $188,865.09 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 23,697 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the transaction, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $116,362.00.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $8.36 on Friday. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2.69 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The stock has a 50 day moving average of $6.62 and a 200-day moving average of $6.88.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. On average, analysts expect that Mister Car Wash, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of analyst reports. UBS Group upped their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Mister Car Wash presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Institutional Trading of Mister Car Wash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Mister Car Wash by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after buying an additional 315,679 shares during the last quarter. AQR Capital Management LLC lifted its stake in 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 worth $29,155,000 after purchasing an additional 3,640,862 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after purchasing an additional 145,374 shares during the period. Brown Brothers Harriman & Co. increased its stake in Mister Car Wash by 23.4% during the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after purchasing an additional 337,272 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Mister Car Wash during the first quarter worth $243,000.

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.