Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $116,362.00 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 14,600 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Joseph Duane Matheny also recently made the following trade(s):

• On Tuesday, November 5th, Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $188,865.09.

Mister Car Wash Stock Up 0.3 %

Shares of MCW stock opened at $7.97 on Wednesday. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 2.14 and a beta of 1.60. The firm’s 50-day moving average is $6.52 and its 200-day moving average is $6.86. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCW. The Goldman Sachs Group raised their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. UBS Group increased their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Institutional Trading of Mister Car Wash

A number of institutional investors have recently bought and sold shares of MCW. nVerses Capital LLC bought a new position in shares of Mister Car Wash during the second quarter worth approximately $31,000. Blue Trust Inc. grew its position in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after buying an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Mister Car Wash during the 2nd quarter worth $73,000. Pallas Capital Advisors LLC acquired a new position in Mister Car Wash in the 2nd quarter valued at $84,000. Finally, CIBC Asset Management Inc acquired a new position in Mister Car Wash in the 2nd quarter valued at $91,000.

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.