Mister Car Wash (NYSE:MCW) Stock Price Down 4.7% - Time to Sell?

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report)'s stock price was down 4.7% during trading on Monday . The stock traded as low as $6.74 and last traded at $6.75. Approximately 600,650 shares traded hands during trading, a decline of 61% from the average daily volume of 1,528,509 shares. The stock had previously closed at $7.08.

Analysts Set New Price Targets

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

Mister Car Wash Stock Up 0.6%

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's 50 day moving average is $7.28 and its two-hundred day moving average is $7.55. The firm has a market capitalization of $2.15 billion, a P/E ratio of 30.14, a PEG ratio of 1.65 and a beta of 1.56.

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

Insider Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total value of $451,466.28. Following the completion of the transaction, the chief financial officer now directly owns 55,437 shares of the company's stock, valued at approximately $472,323.24. This trade represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jodi Taylor sold 5,205 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $7.06, for a total transaction of $36,747.30. Following the completion of the transaction, the director now directly owns 36,932 shares of the company's stock, valued at $260,739.92. This represents a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,560 shares of company stock valued at $1,576,563. 69.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP acquired a new stake in Mister Car Wash during the 4th quarter valued at $77,000. Quarry LP bought a new stake in shares of Mister Car Wash in the fourth quarter valued at about $79,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash in the fourth quarter valued at about $81,000. BNP Paribas Financial Markets bought a new stake in shares of Mister Car Wash in the fourth quarter valued at about $96,000. Finally, Blue Trust Inc. boosted its position in shares of Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after acquiring an additional 5,032 shares during the period.

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.