Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $359,363.00 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 42,278 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at $381,259. This trade represents a 48.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71.

Mister Car Wash Stock Down 0.6 %

Mister Car Wash stock opened at $7.91 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.65 and a beta of 1.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56. The company’s 50-day moving average price is $7.57 and its two-hundred day moving average price is $7.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantinno Capital Management LP bought a new position in Mister Car Wash in the 4th quarter valued at about $77,000. Quarry LP bought a new position in Mister Car Wash in the 4th quarter valued at about $79,000. Forum Financial Management LP acquired a new position in shares of Mister Car Wash during the 4th quarter worth approximately $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash during the 4th quarter worth approximately $96,000. Finally, Blue Trust Inc. grew its position in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after purchasing an additional 5,032 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. UBS Group upped their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One equities 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 company. Based on data from MarketBeat, Mister Car Wash has an average rating of “Hold” and a consensus price target of $8.57.

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.