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

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MCW shares. UBS Group reduced 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. The Goldman Sachs Group assumed coverage on Mister Car Wash in a research report on Tuesday. They set a "sell" rating and a $6.25 price target on the stock. Stephens lowered 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 note on Thursday, April 24th. Raymond James began coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock 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 issued a buy rating to the company's stock. According to MarketBeat.com, Mister Car Wash has an average rating of "Hold" and an average price target of $8.50.

Mister Car Wash Price Performance

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 50 day simple moving average of $7.25 and a 200 day simple moving average of $7.54. The stock has a market cap of $2.13 billion, a P/E ratio of 29.86, a PEG ratio of 1.65 and a beta of 1.56.

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

Insider Buying and Selling at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 36,452 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $8.01, for a total transaction of $291,980.52. Following the sale, the insider now owns 84,895 shares in the company, valued at approximately $680,008.95. This represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the firm's stock in a transaction that occurred 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 owns 55,437 shares of the company's stock, valued at approximately $472,323.24. This represents a 48.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,560 shares of company stock worth $1,576,563. Insiders own 69.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its stake 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 buying an additional 24,633 shares in the last quarter. Millennium Management LLC raised its position in Mister Car Wash by 72.9% during the first quarter. Millennium Management LLC now owns 1,540,524 shares of the company's stock worth $12,155,000 after acquiring an additional 649,448 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company's stock valued at $444,000 after acquiring an additional 2,519 shares during the last quarter. AQR Capital Management LLC grew its position 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 acquiring an additional 22,152 shares during the period. Finally, Royal Bank of Canada grew 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 valued at $8,730,000 after acquiring an additional 86,274 shares during the period.

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.