Mister Car Wash, Inc. (NYSE:MCW) CEO Sells $280,959.93 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CEO John Lo-Minn Lai sold 41,997 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $280,959.93. Following the completion of the transaction, the chief executive officer now owns 4,532,254 shares in the company, valued at $30,320,779.26. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $6.69, for a total transaction of $280,959.93.

Mister Car Wash Stock Up 1.9%

NYSE:MCW traded up $0.13 during mid-day trading on Friday, reaching $6.55. The company's stock had a trading volume of 748,532 shares, compared to its average volume of 1,535,894. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The stock has a fifty day moving average of $7.25 and a 200-day moving average of $7.54. The firm has a market capitalization of $2.13 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping 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%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its stake 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 worth $150,000 after purchasing an additional 1,748 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares in the last quarter. Swiss National Bank grew its position in Mister Car Wash by 1.4% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after buying an additional 2,600 shares during the period. Bank of Montreal Can increased its holdings in Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after buying an additional 2,649 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Mister Car Wash by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after acquiring an additional 3,255 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MCW shares. Stephens dropped 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 report on Thursday, April 24th. UBS Group dropped 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 report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Raymond James began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a report on Tuesday. They issued a "sell" rating and a $6.25 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Mister Car Wash presently has a consensus rating of "Hold" and an average target price of $8.50.

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.