Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold Sells 144,319 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total value of $20,000.00.

Mister Car Wash Stock Performance

MCW stock opened at $7.94 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2.56 billion, a P/E ratio of 34.52, a P/E/G ratio of 2.30 and a beta of 1.60. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The stock’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.86.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $249.33 million during the quarter, compared to the consensus estimate 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 revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, equities research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after purchasing an additional 315,679 shares in the last quarter. AQR Capital Management LLC lifted its stake in Mister Car Wash by 763.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. Bank of New York Mellon Corp increased its position in Mister Car Wash by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after purchasing an additional 145,374 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Mister Car Wash by 23.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after purchasing an additional 337,272 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in Mister Car Wash in the 1st quarter worth about $243,000.

Analyst Upgrades and Downgrades

Several research firms have commented on MCW. UBS Group lifted their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

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.