Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 2,119 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 2,119 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $14,684.67. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $562,757.58. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, May 14th, Joseph Duane Matheny sold 16,416 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $131,492.16.

Mister Car Wash Stock Performance

MCW stock traded up $0.09 on Thursday, hitting $7.13. The company’s stock had a trading volume of 1,577,983 shares, compared to its average volume of 1,578,275. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year high of $10.07. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.67. The firm has a 50 day moving average of $7.10 and a two-hundred day moving average of $7.74.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The business had revenue of $239.18 million during the quarter, compared to analysts’ expectations of $244.06 million. Equities analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MCW has been the subject of a number of analyst reports. Mizuho began coverage on shares of Mister Car Wash in a research note on Tuesday, March 19th. They set a “buy” rating and a $11.00 target price for the company. JPMorgan Chase & Co. raised Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kodai Capital Management LP acquired a new stake in Mister Car Wash in the first quarter valued at about $481,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after buying an additional 2,479 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after buying an additional 1,824 shares during the period. Sei Investments Co. boosted its stake in shares of Mister Car Wash by 30.5% in the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after buying an additional 150,641 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in Mister Car Wash by 13.3% during the first quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock worth $446,000 after acquiring an additional 6,779 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.