Joseph Duane Matheny Sells 36,452 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 36,452 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $8.01, for a total value of $291,980.52. Following the transaction, the insider now owns 84,895 shares of the company’s stock, valued at $680,008.95. This represents a 30.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $4,782.00.
• On Monday, March 3rd, Joseph Duane Matheny sold 1,378 shares of Mister Car Wash stock. The stock was sold at an average price of $8.44, for a total value of $11,630.32.
• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The shares were sold at an average price of $8.07, for a total value of $248,087.94.
• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total value of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The shares were sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Price Performance

Shares of MCW opened at $8.17 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.56. The stock has a market cap of $2.65 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The stock’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $7.32.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock worth $392,000 after buying an additional 2,364 shares during the last quarter. Swiss National Bank boosted its holdings in Mister Car Wash by 1.4% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the company’s stock worth $1,384,000 after buying an additional 2,600 shares during the last quarter. Bank of Montreal Can boosted its holdings in Mister Car Wash by 22.6% during the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock worth $105,000 after buying an additional 2,649 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Mister Car Wash by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock worth $425,000 after buying an additional 3,255 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Mister Car Wash by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock worth $343,000 after buying an additional 4,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MCW shares. UBS Group raised their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley raised their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Stephens started coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. Raymond James started coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.43.

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.