Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CEO Sells $234,954.72 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total transaction of $234,954.72. Following the completion of the sale, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mister Car Wash Stock Down 0.1 %

Shares of Mister Car Wash stock opened at $7.12 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market cap of $2.27 billion, a P/E ratio of 30.96, a PEG ratio of 2.22 and a beta of 1.67. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $10.07. The firm has a fifty day moving average of $7.11 and a two-hundred day moving average of $7.73.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. The firm had revenue of $239.18 million during the quarter, compared to analyst estimates of $244.06 million. On average, analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MCW. Wells Fargo & Company decreased their price target on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Mizuho assumed coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.56.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently bought and sold shares of the stock. Brown Advisory Inc. lifted its position in shares of Mister Car Wash by 14.4% in the fourth quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock valued at $116,948,000 after acquiring an additional 1,706,435 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Mister Car Wash by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock worth $139,588,000 after buying an additional 1,409,892 shares in the last quarter. Woodson Capital Management LP raised its position in shares of Mister Car Wash by 80.5% in the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock valued at $23,328,000 after buying an additional 1,203,863 shares during the last quarter. Rip Road Capital Partners LP purchased a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $4,798,000. Finally, Sea Cliff Partners Management LP purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $4,218,000.

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.