Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $451,466.28 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 52,989 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares in the company, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total value of $792,459.71.
• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The shares were sold at an average price of $8.50, for a total value of $359,363.00.

Mister Car Wash Trading Down 3.3 %

Mister Car Wash stock opened at $7.91 on Friday. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60. The company’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $7.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.65 and a beta of 1.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in Mister Car Wash during the fourth quarter worth approximately $213,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash during the 4th quarter worth $81,000. Neo Ivy Capital Management acquired a new position in Mister Car Wash in the 4th quarter valued at $381,000. PharVision Advisers LLC bought a new position in Mister Car Wash in the 4th quarter worth $330,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Mister Car Wash during the 4th quarter worth $145,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stephens started coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price on the stock. Morgan Stanley upped their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Raymond James assumed coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an “outperform” rating and a $10.00 target price for the company. Wells Fargo & Company cut their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, UBS Group boosted their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mister Car Wash presently has a consensus rating of “Hold” and a consensus target price of $8.43.

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.