Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 2,119 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 2,119 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $12,989.47. Following the completion of the sale, the insider now directly owns 91,077 shares of the company's stock, valued at $558,302.01. The trade was a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were sold at an average price of $6.30, for a total transaction of $645,472.80.
• On Monday, June 2nd, Joseph Duane Matheny sold 2,625 shares of Mister Car Wash stock. The shares were 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 Stock Down 0.5%

NYSE MCW traded down $0.03 during trading hours on Friday, reaching $6.14. 3,008,709 shares of the company traded hands, compared to its average volume of 1,542,071. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. 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 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 50 day moving average of $6.94 and a two-hundred day moving average of $7.36.

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, beating 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%. During the same quarter in the prior year, the business posted $0.08 EPS. The firm's revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after acquiring an additional 2,649 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Mister Car Wash during the 4th quarter valued at $945,000. D. E. Shaw & Co. Inc. bought a new position in Mister Car Wash during the 4th quarter valued at $577,000. Accurate Wealth Management LLC bought a new position in Mister Car Wash during the 1st quarter valued at $983,000. Finally, Dimensional Fund Advisors LP boosted its stake in Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after acquiring an additional 958,479 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on MCW. UBS Group lowered their price target 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. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target for the company. Raymond James Financial began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target for the company. Finally, Stephens lowered their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mister Car Wash 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.

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