Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 52,989 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 52,989 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now directly owns 55,437 shares of the company’s stock, valued at $472,323.24. The trade was a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71.
• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The shares were sold at an average price of $8.50, for a total value of $359,363.00.

Mister Car Wash Price Performance

Shares of MCW stock opened at $8.18 on Friday. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $7.85 and its 200-day moving average is $7.39. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.65 and a beta of 1.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FIL Ltd increased its stake in shares of Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after buying an additional 230,100 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Mister Car Wash by 25.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after acquiring an additional 912,944 shares during the period. The Manufacturers Life Insurance Company increased its position in Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after purchasing an additional 3,571,675 shares during the period. State Street Corp increased its position in Mister Car Wash by 1.9% in the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after purchasing an additional 958,479 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on MCW shares. 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 price target on the stock. Morgan Stanley increased their target price 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. UBS Group boosted their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mister Car Wash 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.