John Lo-Minn Lai Sells 33,904 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CEO John Lo-Minn Lai sold 33,904 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $207,831.52. Following the completion of the transaction, the chief executive officer owned 4,578,350 shares in the company, valued at approximately $28,065,285.50. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

Mister Car Wash Trading Down 2.1%

MCW traded down $0.13 on Monday, hitting $6.01. 2,161,594 shares of the company were exchanged, compared to its average volume of 1,495,534. 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 $6.94 and a two-hundred day simple moving average of $7.36. The stock has a market capitalization of $1.95 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60.

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 analysts' consensus estimates 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 last year, the firm earned $0.08 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently added to or reduced their stakes in MCW. Quantinno Capital Management LP bought a new position in shares of Mister Car Wash during the fourth quarter valued at about $77,000. Quarry LP purchased a new position in Mister Car Wash during the 4th quarter valued at about $79,000. Forum Financial Management LP bought a new position in Mister Car Wash during the 4th quarter valued at approximately $81,000. BNP Paribas Financial Markets bought a new position in Mister Car Wash during the 4th quarter valued at approximately $96,000. Finally, LPL Financial LLC purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $102,000.

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.