Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $14,684.67 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 2,119 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $14,684.67. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $562,757.58. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, May 14th, Joseph Duane Matheny sold 16,416 shares of Mister Car Wash stock. The stock was sold at an average price of $8.01, for a total value of $131,492.16.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.12 on Friday. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $10.07. The stock has a fifty day moving average of $7.11 and a 200-day moving average of $7.73. The company has a market capitalization of $2.27 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.30.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The company had revenue of $239.18 million for the quarter, compared to analyst estimates of $244.06 million. As a group, equities analysts anticipate that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MCW. JPMorgan Chase & Co. upgraded Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price for the company in a research report on Friday, May 3rd. Mizuho began coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Wells Fargo & Company cut their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.56.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kodai Capital Management LP purchased a new stake in shares of Mister Car Wash in the first quarter valued at $481,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mister Car Wash by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after purchasing an additional 2,479 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Mister Car Wash by 9.9% in the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after purchasing an additional 1,824 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Mister Car Wash by 30.5% in 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 in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Mister Car Wash by 13.3% in the first quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock valued at $446,000 after purchasing an additional 6,779 shares in 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.