Joseph Duane Matheny Sells 74,304 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at approximately $653,708.30. The trade was a 47.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $116,362.00.
• On Tuesday, November 5th, Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $188,865.09.

Mister Car Wash Price Performance

Shares of MCW stock opened at $8.02 on Friday. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45. The stock’s 50-day moving average is $7.48 and its 200 day moving average is $7.10. The company has a market cap of $2.58 billion, a P/E ratio of 34.87, a PEG ratio of 1.76 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MCW has been the topic of several research reports. UBS Group raised their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Stephens initiated coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target on the stock. Wells Fargo & Company cut their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley cut their price target on Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.81.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently added to or reduced their stakes in MCW. Dimensional Fund Advisors LP boosted its holdings in Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after acquiring an additional 535,873 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Mister Car Wash by 147.7% in the second quarter. The Manufacturers Life Insurance Company now owns 59,497 shares of the company’s stock worth $424,000 after acquiring an additional 35,475 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in Mister Car Wash in the second quarter worth about $73,000. Sanctuary Advisors LLC acquired a new stake in Mister Car Wash in the second quarter worth about $112,000. Finally, SG Americas Securities LLC acquired a new stake in Mister Car Wash in the third quarter worth about $331,000.

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.