Joseph Duane Matheny Sells 36,452 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 36,452 shares of Mister Car Wash stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the transaction, the insider now owns 84,895 shares in the company, valued at $680,008.95. This trade represents a 30.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $4,782.00.
• On Monday, March 3rd, Joseph Duane Matheny sold 1,378 shares of Mister Car Wash stock. The shares were sold at an average price of $8.44, for a total value of $11,630.32.
• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The shares were 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 shares were sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Up 0.4 %

MCW stock opened at $8.17 on Friday. 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 firm has a market capitalization of $2.65 billion, a PE ratio of 37.14, a PEG ratio of 1.65 and a beta of 1.60. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56. The business’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.32.

Analyst Ratings Changes

MCW has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Raymond James initiated coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Stephens started coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. Morgan Stanley boosted their price target 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, UBS Group boosted their price target on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. 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 currently has an average rating of “Hold” and an average target price of $8.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCW. The Manufacturers Life Insurance Company boosted its stake in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the period. Divisadero Street Capital Management LP bought a new stake in Mister Car Wash in the 4th quarter valued at $10,392,000. Marshall Wace LLP boosted its stake in Mister Car Wash by 103.5% in the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock valued at $15,693,000 after purchasing an additional 1,094,751 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after purchasing an additional 958,479 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares during the period.

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.