Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 42,278 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $381,259. The trade was a 48.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $8.51, for a total transaction of $792,459.71.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.91 on Friday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a 50 day simple moving average of $7.57 and a 200 day simple moving average of $7.22. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.56.

Analyst Upgrades and Downgrades

MCW has been the topic of several analyst reports. Wells Fargo & Company reduced their price target 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. Morgan Stanley increased their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. UBS Group increased their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.57.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCW. Quantinno Capital Management LP bought a new position in Mister Car Wash in the 4th quarter valued at approximately $77,000. Quarry LP bought a new position in Mister Car Wash in the 4th quarter valued at approximately $79,000. Forum Financial Management LP bought a new position in shares of Mister Car Wash during the fourth quarter valued at $81,000. BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash during the fourth quarter valued at $96,000. Finally, Blue Trust Inc. raised its stake in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after acquiring an additional 5,032 shares during 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.