Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $17,561.25 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 2,625 shares of the 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 $17,561.25. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $71,730.00.
• On Monday, March 17th, Joseph Duane Matheny sold 36,452 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $291,980.52.
• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $4,782.00.

Mister Car Wash Stock Performance

Shares of NYSE:MCW traded up $0.15 during trading on Friday, hitting $6.57. The company's stock had a trading volume of 1,563,483 shares, compared to its average volume of 1,536,261. The company has a 50-day moving average of $7.23 and a 200-day moving average of $7.53. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.65 and a beta of 1.56.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share 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 period last year, the firm earned $0.08 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MCW shares. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a report on Tuesday. They set a "sell" rating and a $6.25 price objective for the company. UBS Group dropped their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Raymond James started coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an "outperform" rating and a $10.00 target price on the stock. 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 research note on Thursday, April 24th. Finally, Morgan Stanley boosted their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Mister Car Wash currently has an average rating of "Hold" and a consensus price target of $8.50.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the fourth quarter worth $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the fourth quarter valued at about $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash during the 4th quarter worth approximately $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash during the fourth quarter worth about $96,000. Finally, Blue Trust Inc. lifted its stake in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after acquiring an additional 5,032 shares during the last quarter.

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.