Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CEO Sells 33,904 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CEO John Lo-Minn Lai sold 33,904 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $207,831.52. Following the transaction, the chief executive officer now owns 4,578,350 shares in the company, valued at approximately $28,065,285.50. This trade represents a 0.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Lo-Minn Lai also recently made the following trade(s):

• On Monday, June 2nd, John Lo-Minn Lai sold 41,997 shares of Mister Car Wash stock. The stock was sold at an average price of $6.69, for a total value of $280,959.93.
• On Monday, June 2nd, John Lo-Minn Lai sold 41,997 shares of Mister Car Wash stock. The stock was sold at an average price of $6.69, for a total value of $280,959.93.

Mister Car Wash Price Performance

Shares of MCW traded down $0.03 during midday trading on Friday, hitting $6.14. The company's stock had a trading volume of 3,008,709 shares, compared to its average volume of 1,542,071. 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 simple moving average is $6.94 and its two-hundred day simple moving average is $7.36. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. During the same quarter in the prior year, the business posted $0.08 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on MCW shares. The Goldman Sachs Group started coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price objective on the stock. Stephens lowered their price objective on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. UBS Group decreased their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Raymond James Financial assumed coverage on Mister Car Wash in a research note on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Mister Car Wash has a consensus rating of "Hold" and a consensus price target of $8.50.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds have recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Mister Car Wash by 10.1% during the 1st quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after acquiring an additional 1,748 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock valued at $392,000 after acquiring an additional 2,364 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after acquiring an additional 2,600 shares in the last quarter. Bank of Montreal Can lifted its holdings in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after buying an additional 2,649 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after buying an additional 3,255 shares during the period.

About Mister Car Wash

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.

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