Joseph Duane Matheny Sells 14,600 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock in a transaction 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 sale, the insider now owns 81,206 shares in the company, valued at $647,211.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $188,865.09.

Mister Car Wash Trading Up 4.6 %

Shares of MCW opened at $8.34 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.05 and a beta of 1.60. The stock has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $6.86. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Analysts predict that Mister Car Wash, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Mister Car Wash

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

Wall Street Analysts Forecast Growth

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

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.