Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 30,742 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.07, for a total value of $248,087.94. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at approximately $655,332.42. This represents a 27.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $8.01, for a total value 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 %

NYSE MCW traded up $0.20 on Monday, reaching $7.46. 1,783,341 shares of the company were exchanged, compared to its average volume of 1,192,733. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $7.45 and its 200 day moving average price is $7.15. The stock has a market capitalization of $2.40 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCW. Blue Trust Inc. increased its position in Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Mister Car Wash in the 4th quarter valued at approximately $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the 4th quarter worth approximately $79,000. Forum Financial Management LP purchased a new stake in shares of Mister Car Wash during the 4th quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets acquired a new position in Mister Car Wash in the fourth quarter valued at approximately $96,000.

Analyst Ratings Changes

Several analysts have recently issued reports on MCW shares. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group raised their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley increased their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Stephens started coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.57.

Mister Car Wash Company Profile

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.