Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold Sells 93,121 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the transaction, the chief financial officer now directly owns 55,437 shares in the company, valued at $471,768.87. The trade was a 62.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00.

Mister Car Wash Stock Up 0.6 %

Shares of NYSE MCW traded up $0.05 during midday trading on Friday, reaching $7.96. The company's stock had a trading volume of 1,741,622 shares, compared to its average volume of 1,344,146. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.56. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.65 and a beta of 1.60. The stock has a 50 day simple moving average of $7.57 and a 200-day simple moving average of $7.22.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on MCW. Wells Fargo & Company reduced their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Stephens initiated coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.57.

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently made changes to their positions in MCW. Versor Investments LP raised its holdings in shares of Mister Car Wash by 78.2% in the third quarter. Versor Investments LP now owns 106,400 shares of the company's stock valued at $693,000 after purchasing an additional 46,700 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Mister Car Wash by 214.9% in the third quarter. GSA Capital Partners LLP now owns 102,307 shares of the company's stock valued at $666,000 after purchasing an additional 69,817 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Mister Car Wash by 19.5% in the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company's stock valued at $414,000 after purchasing an additional 10,377 shares during the last quarter. MQS Management LLC acquired a new position in Mister Car Wash during the third quarter worth $212,000. Finally, Intech Investment Management LLC acquired a new position in Mister Car Wash during the third quarter worth $786,000.

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.