John Lo-Minn Lai Sells 41,997 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CEO John Lo-Minn Lai sold 41,997 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 4,532,254 shares of the company's stock, valued at approximately $30,320,779.26. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $6.69, for a total transaction of $280,959.93.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded up $0.15 during midday trading on Friday, reaching $6.57. The company had a trading volume of 1,563,483 shares, compared to its average volume of 1,536,261. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56. The stock has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $7.53. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. As a group, 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 large investors have recently bought and sold shares of MCW. CWM LLC lifted its position in Mister Car Wash by 10.1% in 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 Mister Car Wash by 4.6% in the 4th 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 during the period. Swiss National Bank grew its stake in Mister Car Wash by 1.4% in the 4th 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 in the last quarter. Bank of Montreal Can raised 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 valued at $105,000 after acquiring an additional 2,649 shares during the period. Finally, MetLife Investment Management LLC raised 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 valued at $425,000 after acquiring an additional 3,255 shares during the period.

Analyst Upgrades and Downgrades

MCW has been the subject of several recent research reports. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a research report on Tuesday. They issued a "sell" rating and a $6.25 price target for the company. Stephens dropped their price objective on shares of 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. Morgan Stanley lifted 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 report on Thursday, February 20th. UBS Group decreased their price objective 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. Finally, Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.50.

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.