Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 144,319 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $338,199.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total value of $20,000.00.

Mister Car Wash Trading Up 0.1 %

NYSE:MCW traded up $0.01 on Monday, reaching $7.94. The company’s stock had a trading volume of 2,706,764 shares, compared to its average volume of 1,663,880. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.60. The stock has a 50 day moving average price of $6.52 and a 200 day moving average price of $6.86.

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

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors have recently modified their holdings of MCW. AQR Capital Management LLC grew its stake in shares of Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after buying an additional 3,640,862 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after buying an additional 535,873 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after buying an additional 337,272 shares in the last quarter. Vanguard Group Inc. grew 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 buying an additional 315,679 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Mister Car Wash by 30.5% during the 1st quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock worth $4,999,000 after purchasing an additional 150,641 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MCW shares. UBS Group lifted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday. 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 research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.