Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 14,600 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00. Following the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 Trading Up 0.3 %

Shares of MCW opened at $7.97 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2.57 billion, a PE ratio of 34.63, a PEG ratio of 2.14 and a beta of 1.60. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The stock has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $6.86.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same period in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors have recently added to or reduced their stakes in MCW. Vanguard Group Inc. raised its stake in shares of Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after acquiring an additional 315,679 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in Mister Car Wash by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after purchasing an additional 1,581 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Mister Car Wash during the first quarter worth $243,000. Illinois Municipal Retirement Fund grew its holdings in shares of Mister Car Wash by 13.3% during the first quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock worth $446,000 after purchasing an additional 6,779 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Mister Car Wash by 30.5% in the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after buying an additional 150,641 shares in the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. UBS Group lifted their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.25.

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.