Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 30,742 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $8.07, for a total value of $248,087.94. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $655,332.42. The trade was a 27.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total value of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Stock Performance

MCW stock traded up $0.20 during midday trading on Monday, reaching $7.46. The stock had a trading volume of 1,783,341 shares, compared to its average volume of 1,192,733. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a fifty day simple moving average of $7.45 and a two-hundred day simple moving average of $7.15. The stock has a market cap of $2.40 billion, a PE ratio of 33.91, a P/E/G ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. Morgan Stanley increased their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, UBS Group raised their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.57.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently bought and sold shares of MCW. FIL Ltd lifted its stake in Mister Car Wash by 2.4% during the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after acquiring an additional 230,100 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Mister Car Wash by 25.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock worth $33,127,000 after purchasing an additional 912,944 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the period. State Street Corp grew its position in Mister Car Wash by 1.9% during the 3rd 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 during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after buying an additional 958,479 shares during the last quarter.

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.