Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 66,122 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 66,122 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $8.51, for a total value of $562,698.22. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $381,707.54. This trade represents a 59.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, November 6th, Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock. The stock was sold at an average price of $8.22, for a total value of $2,981,048.76.
• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26.
• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total transaction of $20,000.00.

Mister Car Wash Stock Down 0.4 %

Shares of NYSE:MCW opened at $7.93 on Friday. The company has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $6.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The company has a market capitalization of $2.56 billion, a PE ratio of 34.48, a PEG ratio of 2.05 and a beta of 1.60. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45.

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

Analyst Ratings Changes

A number of research firms have commented on MCW. UBS Group lifted their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.25.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after purchasing an additional 3,640,862 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Mister Car Wash by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock worth $5,428,000 after acquiring an additional 145,374 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Mister Car Wash by 23.4% during the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after acquiring an additional 337,272 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Mister Car Wash by 2.0% during the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after acquiring an additional 1,581 shares during the period. Finally, Sei Investments Co. lifted its position in Mister Car Wash by 30.5% in the 1st quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after acquiring an additional 150,641 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.