Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 2,798 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCWGet Free Report) insider Mary Lyn Porter sold 2,798 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $6.91, for a total value of $19,334.18. Following the sale, the insider now directly owns 9,439 shares of the company’s stock, valued at $65,223.49. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mister Car Wash Stock Down 1.3 %

MCW stock opened at $6.73 on Friday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.67. The company has a 50-day moving average of $7.05 and a two-hundred day moving average of $7.78. Mister Car Wash, Inc. has a 52-week low of $4.80 and a 52-week high of $10.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.30 and a quick ratio of 0.26.

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

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds have recently modified their holdings of MCW. Brown Advisory Inc. raised its stake in Mister Car Wash by 14.4% during the 4th quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock valued at $116,948,000 after purchasing an additional 1,706,435 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Mister Car Wash by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock valued at $139,588,000 after buying an additional 1,409,892 shares during the last quarter. Woodson Capital Management LP lifted its stake in shares of Mister Car Wash by 80.5% in the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock valued at $23,328,000 after buying an additional 1,203,863 shares during the period. Rip Road Capital Partners LP acquired a new stake in Mister Car Wash during the fourth quarter worth about $4,798,000. Finally, Sea Cliff Partners Management LP bought a new position in Mister Car Wash during the fourth quarter valued at about $4,218,000.

Analyst Ratings Changes

Several research firms have commented on MCW. Wells Fargo & Company decreased their target price 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. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a research report on Friday, May 3rd. Mizuho started coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Robert W. Baird upped their price target on Mister Car Wash from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus price target of $9.56.

View Our Latest Stock Analysis on Mister Car Wash

Mister Car Wash Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Mister Car Wash (NYSE:MCW)

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