Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold Sells 52,989 Shares

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 52,989 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the completion of the sale, the chief financial officer now owns 55,437 shares in the company, valued at $472,323.24. This represents a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71.
• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The shares were sold at an average price of $8.50, for a total value of $359,363.00.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $7.91 on Friday. The firm’s 50-day moving average price is $7.87 and its two-hundred day moving average price is $7.41. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.65 and a beta of 1.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective 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. Raymond James started coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective for the company. Morgan Stanley lifted their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens initiated coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.43.

Institutional Trading of Mister Car Wash

Several large investors have recently made changes to their positions in MCW. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the 4th quarter worth about $77,000. Quarry LP acquired a new position in shares of Mister Car Wash during the fourth quarter worth 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. BNP Paribas Financial Markets bought a new position in Mister Car Wash in the 4th quarter worth approximately $96,000. Finally, Blue Trust Inc. lifted its holdings in Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after buying an additional 5,032 shares in the last quarter.

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.