Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 2,625 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 2,625 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $17,561.25. Following the completion of the sale, the insider now owns 88,196 shares in the company, valued at approximately $590,031.24. This trade represents a 2.89% 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 Tuesday, May 13th, Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $71,730.00.
• On Monday, March 17th, Joseph Duane Matheny sold 36,452 shares of Mister Car Wash stock. The stock was sold at an average price of $8.01, for a total value of $291,980.52.
• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $4,782.00.

Mister Car Wash Price Performance

Shares of MCW stock traded down $0.21 on Thursday, hitting $6.42. 1,616,865 shares of the company's stock were exchanged, compared to its average volume of 1,540,562. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The stock has a market cap of $2.09 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56. The company has a 50 day moving average of $7.28 and a 200 day moving average of $7.55.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.08 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCW. UBS Group reduced 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. Morgan Stanley upped their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Raymond James began coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price for the company. The Goldman Sachs Group began coverage on Mister Car Wash in a research report on Tuesday. They set a "sell" rating and a $6.25 target price for the company. Finally, Stephens cut their target price on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.50.

Institutional Investors Weigh In On Mister Car Wash

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after buying an additional 2,649 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $945,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $577,000. Dimensional Fund Advisors LP increased its stake in shares of Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after buying an additional 958,479 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $698,000.

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.