Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 2,119 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 2,119 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $14,684.67. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $562,757.58. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, May 14th, Joseph Duane Matheny sold 16,416 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $131,492.16.

Mister Car Wash Trading Down 0.1 %

Shares of NYSE MCW opened at $7.12 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.30. Mister Car Wash, Inc. has a 52-week low of $4.80 and a 52-week high of $10.07. The firm has a 50 day moving average price of $7.11 and a two-hundred day moving average price of $7.73. The stock has a market cap of $2.27 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.67.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The business had revenue of $239.18 million during the quarter, compared to analyst estimates of $244.06 million. As a group, equities analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCW. ORG Partners LLC acquired a new position in Mister Car Wash in the 4th quarter valued at approximately $43,000. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $135,000 after purchasing an additional 2,479 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after purchasing an additional 1,824 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Mister Car Wash by 33.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,405 shares of the company’s stock valued at $194,000 after purchasing an additional 5,610 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Mister Car Wash in the 3rd quarter valued at $210,000.

Analyst Ratings Changes

A number of research firms recently issued reports on MCW. Mizuho began coverage on shares of Mister Car Wash in a research report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mister Car Wash presently has an average rating of “Moderate Buy” and an average target price of $9.56.

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.