Jedidiah Marc Gold Sells 6,357 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 6,357 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $6.13, for a total transaction of $38,968.41. Following the transaction, the chief financial officer owned 75,637 shares in the company, valued at $463,654.81. This represents a 7.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, June 2nd, Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock. The stock was sold at an average price of $6.69, for a total transaction of $61,461.03.

Mister Car Wash Stock Performance

Mister Car Wash stock traded down $0.13 during trading on Monday, reaching $6.01. The company had a trading volume of 2,161,594 shares, compared to its average volume of 1,495,534. The firm's 50-day simple moving average is $6.94 and its 200 day simple moving average is $7.36. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in 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 buying 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 purchasing an additional 2,364 shares during the last quarter. Swiss National Bank grew its position in shares of 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 purchasing an additional 2,600 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after purchasing an additional 2,649 shares during the last quarter. Finally, MetLife Investment Management LLC lifted 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 buying an additional 3,255 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.