Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai Sells 22,039 Shares

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 22,039 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mister Car Wash Trading Down 3.1 %

Shares of NYSE:MCW traded down $0.26 during midday trading on Tuesday, hitting $8.21. 1,449,203 shares of the stock were exchanged, compared to its average volume of 1,325,425. The business’s 50-day moving average price is $7.53 and its 200 day moving average price is $7.20. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.65 and a beta of 1.63.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently added to or reduced their stakes in MCW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 valued at $392,000 after acquiring an additional 2,364 shares during the last quarter. Swiss National Bank raised its position in Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock worth $1,384,000 after purchasing an additional 2,600 shares during the last quarter. Bank of Montreal Can lifted its holdings in Mister Car Wash by 22.6% during the 4th 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 period. MetLife Investment Management LLC grew its position in shares of Mister Car Wash by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock valued at $425,000 after buying an additional 3,255 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Mister Car Wash by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock valued at $343,000 after buying an additional 4,000 shares during the period.

Analyst Upgrades and Downgrades

MCW has been the topic of several research analyst reports. UBS Group raised their price objective 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. Wells Fargo & Company reduced their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Finally, Stephens started coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.57.

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.