Mary Lyn Porter Sells 6,303 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Mary Lyn Porter sold 6,303 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $42,167.07. Following the transaction, the insider now directly owns 23,081 shares in the company, valued at $154,411.89. This represents a 21.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mister Car Wash Price Performance

Shares of NYSE:MCW traded up $0.15 on Friday, hitting $6.57. The company had a trading volume of 1,563,483 shares, compared to its average volume of 1,536,261. The business has a 50 day moving average of $7.23 and a 200 day moving average of $7.53. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60. The company has a market cap of $2.13 billion, a PE ratio of 29.86, a PEG ratio of 1.65 and a beta of 1.56. 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 (NYSE:MCW - Get Free Report) last released 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 return on equity of 10.49% and a net margin of 7.06%. During the same quarter in the prior year, the firm earned $0.08 EPS. Mister Car Wash's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCW. Stephens dropped their price objective on 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. Raymond James began coverage on Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective on the stock. Morgan Stanley upped their price objective 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. UBS Group dropped their price objective on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group assumed coverage on Mister Car Wash in a research report on Tuesday. They set a "sell" rating and a $6.25 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.50.

Hedge Funds Weigh In On Mister Car Wash

Several large investors have recently added to or reduced their stakes in MCW. Quantinno Capital Management LP purchased a new position in shares of Mister Car Wash in the 4th quarter worth about $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash in the fourth 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 approximately $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash in the 4th quarter valued at approximately $96,000. Finally, Blue Trust Inc. raised its position in shares of Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 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.