John Lo-Minn Lai Sells 22,039 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mister Car Wash Price Performance

MCW opened at $7.96 on Thursday. The company has a fifty day moving average price of $7.56 and a two-hundred day moving average price of $7.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a market capitalization of $2.58 billion, a PE ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after buying an additional 3,571,675 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Mister Car Wash in the 4th quarter valued at approximately $10,392,000. Marshall Wace LLP raised its position in shares of Mister Car Wash by 103.5% in the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock valued at $15,693,000 after acquiring an additional 1,094,751 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after acquiring an additional 958,479 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Mister Car Wash by 25.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares during the period.

Analyst Ratings Changes

A number of brokerages have weighed in on MCW. UBS Group boosted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley increased their price objective on 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. Finally, Stephens began coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash presently has an average rating of “Hold” and a consensus target price 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.