Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $12,989.47 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 2,119 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $12,989.47. Following the sale, the insider directly owned 91,077 shares in the company, valued at $558,302.01. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 23rd, Joseph Duane Matheny sold 102,456 shares of Mister Car Wash stock. The stock was sold at an average price of $6.30, for a total value of $645,472.80.
• 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 shares were sold at an average price of $7.97, for a total transaction of $71,730.00.

Mister Car Wash Trading Down 2.1%

Shares of Mister Car Wash stock traded down $0.13 on Monday, hitting $6.01. 2,161,594 shares of the company traded hands, compared to its average volume of 1,495,534. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.95 billion, a PE ratio of 27.32, a PEG ratio of 1.65 and a beta of 1.57. The stock's 50 day moving average price is $6.94 and its 200-day moving average price is $7.36. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released 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 return on equity of 10.49% and a net margin of 7.06%. Mister Car Wash's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. Equities research analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Mister Car Wash by 191.7% in the first quarter. Jane Street Group LLC now owns 37,482 shares of the company's stock valued at $296,000 after acquiring an additional 24,633 shares in the last quarter. Millennium Management LLC increased its position in Mister Car Wash by 72.9% during the 1st quarter. Millennium Management LLC now owns 1,540,524 shares of the company's stock valued at $12,155,000 after purchasing an additional 649,448 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $444,000 after purchasing an additional 2,519 shares in the last quarter. AQR Capital Management LLC raised 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 valued at $1,012,000 after purchasing an additional 22,152 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Mister Car Wash by 8.5% in the 1st quarter. Royal Bank of Canada now owns 1,106,521 shares of the company's stock worth $8,730,000 after purchasing an additional 86,274 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BTIG Research started coverage on shares of Mister Car Wash in a research note on Monday. They set a "neutral" rating for the company. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price objective for the company. Stephens cut their target price on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial initiated coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. Finally, UBS Group decreased their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash currently has a consensus rating of "Hold" and a consensus price target of $8.50.

About Mister Car Wash

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.