Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $28,267.47 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 4,079 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $28,267.47. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $310,838.22. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.12 on Friday. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year high of $10.07. The firm’s 50-day moving average is $7.11 and its 200 day moving average is $7.73. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.22 and a beta of 1.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.30 and a quick ratio of 0.26.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $239.18 million during the quarter, compared to the consensus estimate of $244.06 million. Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Trading of Mister Car Wash

Several institutional investors have recently added to or reduced their stakes in MCW. Brown Advisory Inc. lifted its holdings in shares of Mister Car Wash by 14.4% during the fourth quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock valued at $116,948,000 after purchasing an additional 1,706,435 shares in the last quarter. Wasatch Advisors LP raised its position in Mister Car Wash by 9.6% in the 4th 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 during the last quarter. Woodson Capital Management LP lifted its stake in Mister Car Wash by 80.5% during the 4th quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock valued at $23,328,000 after acquiring an additional 1,203,863 shares during the period. Rip Road Capital Partners LP purchased a new stake in shares of Mister Car Wash during the 4th quarter valued at about $4,798,000. Finally, Sea Cliff Partners Management LP bought a new stake in shares of Mister Car Wash in the fourth quarter worth approximately $4,218,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MCW. Wells Fargo & Company decreased their price objective on 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 began coverage on shares of Mister Car Wash in a research note on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective on the stock in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.56.

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.