Joseph Duane Matheny Sells 6,410 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCWGet Free Report) insider Joseph Duane Matheny sold 6,410 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. This represents a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Stock Down 1.6 %

Shares of NYSE MCW opened at $7.48 on Friday. The company’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $7.14. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.05. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Institutional Trading of Mister Car Wash

Several institutional investors have recently modified their holdings of MCW. Blue Trust Inc. grew its position 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 purchasing an additional 7,617 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $79,000. Forum Financial Management LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $81,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $96,000.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on MCW

Mister Car Wash Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Mister Car Wash (NYSE:MCW)

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