John Lo-Minn Lai Sells 22,039 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CEO John Lo-Minn Lai sold 22,039 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock traded up $0.05 on Friday, reaching $7.96. The stock had a trading volume of 1,741,622 shares, compared to its average volume of 1,344,146. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.56. The company has a market cap of $2.58 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The business's 50 day moving average is $7.57 and its two-hundred day moving average is $7.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group upped their price objective 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 set an "equal weight" rating and a $8.00 price objective on the stock. Wells Fargo & Company dropped 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 report on Monday, January 6th. Finally, Morgan Stanley upped their price objective 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.57.

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Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently modified their holdings of MCW. The Manufacturers Life Insurance Company lifted its holdings in shares of Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock worth $23,639,000 after buying an additional 3,571,675 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $10,392,000. Marshall Wace LLP raised its stake in Mister Car Wash by 103.5% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Mister Car Wash by 43.9% in 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. Finally, The Manufacturers Life Insurance Company raised its stake in Mister Car Wash by 25.1% in the fourth 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 in the last quarter.

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.