Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold Sells 66,122 Shares

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,707.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Wednesday, November 6th, Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock. The stock was sold at an average price of $8.22, for a total value of $2,981,048.76.
• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26.
• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The shares were sold at an average price of $8.00, for a total value of $20,000.00.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $7.98 on Thursday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $6.77 and a 200-day simple moving average of $6.92. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, equities analysts forecast that Mister Car Wash, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

MCW has been the subject of several analyst reports. UBS Group boosted their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently modified their holdings of MCW. nVerses Capital LLC acquired a new stake in Mister Car Wash during the 2nd quarter valued at $31,000. Blue Trust Inc. grew its holdings in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in Mister Car Wash during the 2nd quarter valued at $73,000. Pallas Capital Advisors LLC acquired a new stake in Mister Car Wash during the 2nd quarter valued at $84,000. Finally, CIBC Asset Management Inc acquired a new stake in Mister Car Wash during the 2nd quarter valued at $91,000.

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.