Jedidiah Marc Gold Sells 52,989 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 52,989 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares of the company's stock, valued at $472,323.24. The trade was a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

Mister Car Wash Stock Performance

MCW stock traded down $0.02 during trading on Monday, reaching $7.89. The stock had a trading volume of 1,795,036 shares, compared to its average volume of 1,590,130. The stock's 50 day moving average is $7.89 and its two-hundred day moving average is $7.44. The firm has a market cap of $2.56 billion, a PE ratio of 35.87, a PEG ratio of 1.65 and a beta of 1.60. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Hedge Funds Weigh In On Mister Car Wash

Institutional investors have recently made changes to their positions in the business. FIL Ltd increased its holdings in Mister Car Wash by 2.4% during the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock valued at $72,281,000 after buying an additional 230,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 25.1% during 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 acquiring an additional 912,944 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 worth $23,639,000 after purchasing an additional 3,571,675 shares in the last quarter. State Street Corp raised its holdings in Mister Car Wash by 1.9% in the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company's stock worth $21,977,000 after purchasing an additional 63,631 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Mister Car Wash by 43.9% during the fourth 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 in the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the subject of several analyst reports. Raymond James began coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target for the company. 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 note 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 on the stock in a research report on Monday, January 6th. Stephens began 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 for the company. Finally, Morgan Stanley raised 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 report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Mister Car Wash has a consensus rating of "Hold" and a consensus target price of $8.43.

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.