Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 1,378 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 1,378 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $11,630.32. Following the sale, the insider now owns 84,895 shares in the company, valued at $716,513.80. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The stock was sold at an average price of $8.07, for a total value of $248,087.94.
• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total value of $51,344.10.
• 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 Performance

Shares of MCW stock opened at $8.21 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.66 billion, a PE ratio of 37.32, a P/E/G ratio of 1.65 and a beta of 1.63. The company’s fifty day simple moving average is $7.54 and its 200-day simple moving average is $7.21. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCW. UBS Group upped their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley increased their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Finally, Stephens began coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.57.

Institutional Trading of Mister Car Wash

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Mister Car Wash by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock worth $392,000 after buying an additional 2,364 shares during the period. Swiss National Bank lifted its position in Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock worth $1,384,000 after acquiring an additional 2,600 shares in the last quarter. Bank of Montreal Can boosted its holdings in Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock worth $105,000 after acquiring an additional 2,649 shares during the period. MetLife Investment Management LLC boosted its holdings in Mister Car Wash by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock worth $425,000 after acquiring an additional 3,255 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Mister Car Wash by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock valued at $343,000 after acquiring an additional 4,000 shares in the last quarter.

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.