Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.75.
Separately, The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st.
Get Our Latest Stock Analysis on MCW
Mister Car Wash Stock Performance
Insider Transactions at Mister Car Wash
In related news, CEO John Lo-Minn Lai sold 33,904 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the completion of the sale, the chief executive officer now directly owns 5,050,517 shares in the company, valued at $35,000,082.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Jedidiah Marc Gold sold 4,079 shares of Mister Car Wash stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $28,267.47. Following the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $310,838.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the completion of the sale, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The disclosure for this sale can be found here. Insiders have sold a total of 42,698 shares of company stock worth $296,860 in the last 90 days. 70.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Mister Car Wash during the second quarter valued at about $112,000. Ariadne Wealth Management LP acquired a new position in shares of Mister Car Wash during the 2nd quarter worth about $73,000. The Manufacturers Life Insurance Company boosted its stake in Mister Car Wash by 147.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,497 shares of the company’s stock valued at $424,000 after purchasing an additional 35,475 shares during the period. AQR Capital Management LLC grew its holdings in Mister Car Wash by 763.2% in the 2nd 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 during the last quarter. Finally, 272 Capital LP bought a new position in Mister Car Wash in the 2nd quarter worth approximately $119,000.
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.
Featured Articles
- Five stocks we like better than Mister Car Wash
- What Does a Stock Split Mean?
- Matador Resources Insiders Keep Buying Its Stock, Should You?
- Conference Calls and Individual Investors
- Oracle Can Turn the Magnificent 7 Into 8: Here’s Why
- Canada Bond Market Holiday: How to Invest and Trade
- Palantir Stock Is Up 14% on S&P 500 News: Is It Time to Buy?
Receive News & Ratings for Mister Car Wash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mister Car Wash and related companies with MarketBeat.com's FREE daily email newsletter.