Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 102,456 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 102,456 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the transaction, the insider now directly owns 88,196 shares of the company's stock, valued at approximately $555,634.80. This trade represents a 53.74% 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.

Joseph Duane Matheny also recently made the following trade(s):

• On Thursday, June 26th, Joseph Duane Matheny sold 2,119 shares of Mister Car Wash stock. The stock was sold at an average price of $6.13, for a total transaction of $12,989.47.
• On Monday, June 2nd, Joseph Duane Matheny sold 2,625 shares of Mister Car Wash stock. The stock was sold at an average price of $6.69, for a total transaction of $17,561.25.
• On Tuesday, May 13th, Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00.

Mister Car Wash Trading Down 0.5%

NYSE MCW traded down $0.03 during mid-day trading on Friday, reaching $6.14. 3,008,709 shares of the stock were exchanged, compared to its average volume of 1,541,993. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The business's fifty day simple moving average is $6.94 and its 200 day simple moving average is $7.36. The stock has a market capitalization of $1.99 billion, a PE ratio of 27.91, a PEG ratio of 1.65 and a beta of 1.57. 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 earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, research analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MCW shares. Stephens dropped their price objective 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. Raymond James Financial began coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective for the company. UBS Group decreased their target price 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 set a "sell" rating and a $6.25 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.50.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of 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 purchasing an additional 1,748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 valued at $392,000 after purchasing an additional 2,364 shares during the last quarter. Swiss National Bank boosted its holdings in shares of 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 purchasing an additional 2,600 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after purchasing an additional 2,649 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Mister Car Wash by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock valued at $425,000 after purchasing an additional 3,255 shares during 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.