Joseph Duane Matheny Sells 102,456 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

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

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

• 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 value of $17,561.25.
• On Tuesday, May 13th, Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $71,730.00.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded down $0.28 on Wednesday, hitting $6.15. 1,658,107 shares of the company traded hands, compared to its average volume of 1,531,271. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The business has a 50-day simple moving average of $7.00 and a 200 day simple moving average of $7.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a market capitalization of $2.00 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

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, 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%. During the same period in the previous year, the company posted $0.08 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mister Car Wash

Several large investors have recently made changes to their positions in the company. CWM LLC lifted 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 acquiring an additional 1,748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mister Car Wash by 4.6% during the fourth 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 period. Swiss National Bank lifted its stake 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 worth $105,000 after purchasing an additional 2,649 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of 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 purchasing an additional 3,255 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MCW shares. The Goldman Sachs Group initiated coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target for the company. Raymond James Financial began coverage on 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 note on Thursday, May 1st. Finally, Stephens lowered 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 report on Thursday, April 24th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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