Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $248,087.94 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total value of $248,087.94. Following the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $655,332.42. The trade was a 27.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Trading Up 2.8 %

Shares of Mister Car Wash stock opened at $7.46 on Tuesday. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.55. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $7.45 and its 200-day moving average is $7.16. The stock has a market cap of $2.40 billion, a P/E ratio of 33.91, a P/E/G ratio of 1.65 and a beta of 1.63.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group lifted their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.57.

Institutional Trading of Mister Car Wash

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 7,617 shares during the period. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the fourth quarter worth approximately $77,000. Quarry LP bought a new stake in Mister Car Wash in the fourth quarter valued at approximately $79,000. Forum Financial Management LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash during the 4th quarter worth approximately $96,000.

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.