Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $61,461.03 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $61,461.03. Following the completion of the transaction, the chief financial officer now owns 66,994 shares in the company, valued at $448,189.86. This trade represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 25th, Jedidiah Marc Gold sold 52,989 shares of Mister Car Wash stock. The shares were sold at an average price of $8.52, for a total value of $451,466.28.

Mister Car Wash Price Performance

NYSE MCW traded up $0.13 during trading on Friday, reaching $6.55. 748,532 shares of the company traded hands, compared to its average volume of 1,535,905. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.65 and a beta of 1.56. The stock's 50 day moving average price is $7.25 and its two-hundred day moving average price is $7.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating 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 revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. As a group, analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Mister Car Wash

A number of hedge funds have recently made changes to their positions in MCW. Bank of Montreal Can boosted its position 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. New Age Alpha Advisors LLC bought a new position in shares of Mister Car Wash in the fourth quarter valued at approximately $945,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Mister Car Wash in the 4th quarter worth approximately $577,000. Dimensional Fund Advisors LP grew its position in Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after acquiring an additional 958,479 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Mister Car Wash during the 4th quarter worth approximately $698,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Raymond James assumed 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 on the stock. UBS Group reduced their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a report on Tuesday. They set a "sell" rating and a $6.25 price objective on the stock. Finally, Stephens reduced their price objective on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.