Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $42,167.07 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Mary Lyn Porter sold 6,303 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 23,081 shares in the company, valued at approximately $154,411.89. This represents a 21.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mister Car Wash Stock Down 3.2%

MCW stock traded down $0.21 during trading on Thursday, hitting $6.42. 1,616,865 shares of the company's stock traded hands, compared to its average volume of 1,540,562. The business has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $7.55. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The firm has a market capitalization of $2.09 billion, a P/E ratio of 29.18, a PEG ratio of 1.65 and a beta of 1.56.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings data 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%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group decreased their price objective 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. Stephens decreased 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 report on Thursday, April 24th. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a report on Tuesday. They issued a "sell" rating and a $6.25 price objective for the company. Raymond James assumed coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $8.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MCW. Jane Street Group LLC increased its stake in shares of Mister Car Wash by 191.7% during the first quarter. Jane Street Group LLC now owns 37,482 shares of the company's stock worth $296,000 after purchasing an additional 24,633 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Mister Car Wash by 72.9% in the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company's stock worth $12,155,000 after acquiring an additional 649,448 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mister Car Wash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company's stock worth $444,000 after acquiring an additional 2,519 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Mister Car Wash by 20.7% in the 1st quarter. AQR Capital Management LLC now owns 129,352 shares of the company's stock worth $1,012,000 after acquiring an additional 22,152 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Mister Car Wash by 8.5% during the 1st quarter. Royal Bank of Canada now owns 1,106,521 shares of the company's stock worth $8,730,000 after buying an additional 86,274 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.