John Lo-Minn Lai Sells 33,904 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 33,904 shares of the firm’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 $234,954.72. Following the completion of the sale, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Mister Car Wash Stock Down 0.1 %

Shares of NYSE MCW opened at $7.12 on Friday. The company has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $7.73. The firm has a market cap of $2.27 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.67. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year 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:MCW) last released 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 return on equity of 9.38% and a net margin of 8.04%. The firm had revenue of $239.18 million for the quarter, compared to the consensus estimate of $244.06 million. On average, research analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in Mister Car Wash by 1.7% during the 1st quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock worth $127,285,000 after purchasing an additional 267,825 shares during the last quarter. Brown Advisory Inc. raised its holdings 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 worth $116,948,000 after purchasing an additional 1,706,435 shares during the last quarter. Vanguard Group Inc. raised its holdings in Mister Car Wash by 3.2% during the 4th 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 during the last quarter. Woodson Capital Management LP grew its position in shares of Mister Car Wash by 80.5% during the 4th quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock worth $23,328,000 after buying an additional 1,203,863 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of Mister Car Wash by 34.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock worth $9,226,000 after buying an additional 274,766 shares during the period.

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.