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 the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $7.97, for a total value of $116,362.00. Following the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $647,211.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Stock Performance

MCW stock traded up $0.02 during midday trading on Tuesday, reaching $7.97. 1,609,732 shares of the company’s stock traded hands, compared to its average volume of 1,663,626. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. 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 P/E ratio of 34.63, a PEG ratio of 2.14 and a beta of 1.60. The stock’s 50-day moving average is $6.52 and its 200 day moving average is $6.86.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million during 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 company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, analysts anticipate that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MCW shares. UBS Group upped their target price on shares of 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 increased their target price on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Mister Car Wash by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after acquiring an additional 315,679 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Mister Car Wash by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after purchasing an additional 1,581 shares during the period. Duality Advisers LP bought a new stake in shares of Mister Car Wash during the 1st quarter valued at $243,000. Illinois Municipal Retirement Fund lifted its stake in shares of Mister Car Wash by 13.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock valued at $446,000 after buying an additional 6,779 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Mister Car Wash by 30.5% during the 1st 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.

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.