Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 6,357 shares of Mister Car Wash 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 sale, the chief financial officer now owns 75,637 shares in the company, valued at approximately $463,654.81. This represents a 7.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Trading Down 0.5%
NYSE MCW traded down $0.03 on Friday, hitting $6.14. 3,008,709 shares of the company were exchanged, compared to its average volume of 1,542,071. The company's 50 day moving average price is $6.94 and its 200-day moving average price is $7.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a market capitalization of $1.99 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60.
Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on MCW. Raymond James Financial began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. Stephens dropped their price target on shares of 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 research report on Thursday, May 1st. Finally, The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price target on the stock. One equities 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 stock. Based on data from MarketBeat, Mister Car Wash presently has an average rating of "Hold" and a consensus price target of $8.50.
Read Our Latest Report on Mister Car Wash
Institutional Trading of Mister Car Wash
Several institutional investors and hedge funds have recently bought and sold shares of MCW. Quantinno Capital Management LP acquired a new stake in Mister Car Wash during the 4th quarter worth about $77,000. Quarry LP acquired a new position in shares of Mister Car Wash in the 4th quarter valued at about $79,000. Forum Financial Management LP acquired a new position in shares of Mister Car Wash in the 4th quarter valued at about $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash in the 4th quarter valued at about $96,000. Finally, LPL Financial LLC acquired a new position in shares of Mister Car Wash in the 4th quarter valued at about $102,000.
About Mister Car Wash
(
Get Free Report)
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.
Further Reading
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