Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $188,865.09 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total transaction of $188,865.09. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00.

Mister Car Wash Price Performance

MCW stock opened at $8.36 on Friday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a quick ratio of 0.24, a current ratio of 0.27 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’s fifty day simple moving average is $6.62 and its 200-day simple moving average is $6.88.

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 analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. Equities research analysts expect that Mister Car Wash, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCW. The Goldman Sachs Group lifted 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. UBS Group boosted their price target 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently bought and sold shares of MCW. Louisiana State Employees Retirement System grew its stake in shares of Mister Car Wash by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock valued at $332,000 after buying an additional 1,500 shares during the period. Texas Permanent School Fund Corp grew its position in Mister Car Wash by 2.0% during the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock valued at $618,000 after acquiring an additional 1,581 shares during the period. Bessemer Group Inc. increased its stake in Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after acquiring an additional 1,824 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after purchasing an additional 2,479 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mister Car Wash by 19.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock valued at $190,000 after purchasing an additional 4,268 shares in the last quarter.

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.