Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $562,698.22 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total transaction of $562,698.22. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $381,707.54. This represents a 59.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Wednesday, November 6th, Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock. The shares were sold at an average price of $8.22, for a total transaction of $2,981,048.76.
• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26.
• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total value of $20,000.00.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $7.93 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.05 and a beta of 1.60. The stock has a fifty day moving average price of $6.85 and a two-hundred day moving average price of $6.94. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. As a group, analysts anticipate that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock valued at $1,165,000 after buying an additional 132,051 shares in the last quarter. XTX Topco Ltd bought a new stake in Mister Car Wash during the 3rd quarter worth about $381,000. iSAM Funds UK Ltd increased its position in Mister Car Wash by 102.2% in the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after acquiring an additional 12,689 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Mister Car Wash by 305.7% in the third quarter. Jane Street Group LLC now owns 99,099 shares of the company’s stock worth $645,000 after acquiring an additional 74,673 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares in the last quarter.

Wall Street Analyst Weigh In

MCW has been the topic of a number of research reports. UBS Group boosted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted 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 given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mister Car Wash presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

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.