Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 74,304 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 74,304 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at $653,708.30. The trade was a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00.
• 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 transaction of $188,865.09.

Mister Car Wash Stock Performance

NYSE MCW opened at $8.27 on Friday. The stock has a fifty day simple moving average of $7.48 and a 200-day simple moving average of $7.10. 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 $2.67 billion, a PE ratio of 28.50, a P/E/G ratio of 1.76 and a beta of 1.61. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $9.45.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. Mister Car Wash’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Equities analysts anticipate that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Mister Car Wash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCW. Blue Trust Inc. grew its stake in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in Mister Car Wash during the second quarter worth about $73,000. Sanctuary Advisors LLC acquired a new stake in shares of Mister Car Wash during the second quarter worth about $112,000. iSAM Funds UK Ltd boosted its stake in shares of Mister Car Wash by 102.2% in the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock valued at $163,000 after purchasing an additional 12,689 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Mister Car Wash in the third quarter valued at approximately $198,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Stephens started coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. UBS Group boosted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.81.

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.