Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 6,410 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the transaction, the insider now owns 81,206 shares in the company, valued at approximately $650,460.06. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Trading Down 1.2 %

Shares of Mister Car Wash stock traded down $0.09 during trading hours on Wednesday, reaching $7.60. 1,324,514 shares of the company’s stock were exchanged, compared to its average volume of 1,095,183. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.14. The company has a fifty day moving average of $7.46 and a 200-day moving average of $7.13. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. 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 research note on Thursday, October 31st. Wells Fargo & Company dropped their target price 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. Morgan Stanley decreased their price target on Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Stephens assumed coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.36.

Hedge Funds Weigh In On Mister Car Wash

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Mister Car Wash during the 4th quarter worth about $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash in the fourth quarter worth approximately $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets acquired a new position in Mister Car Wash during the fourth quarter worth approximately $96,000.

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.