Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold Sells 42,278 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at $381,259. The trade was a 48.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 value of $792,459.71.

Mister Car Wash Stock Up 0.6 %

NYSE:MCW traded up $0.05 during midday trading on Friday, reaching $7.96. The company had a trading volume of 1,741,622 shares, compared to its average volume of 1,344,146. The firm 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's fifty day simple moving average is $7.57 and its 200-day simple moving average is $7.22. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.56. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Remove Ads

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently bought and sold shares of MCW. Versor Investments LP raised its stake in 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 buying an additional 46,700 shares in the last quarter. GSA Capital Partners LLP raised its stake in 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 buying an additional 69,817 shares in the last quarter. Victory Capital Management Inc. raised its stake in 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 buying an additional 10,377 shares in the last quarter. MQS Management LLC acquired a new stake in Mister Car Wash in the third quarter valued at $212,000. Finally, Intech Investment Management LLC acquired a new stake in Mister Car Wash in the third quarter valued at $786,000.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group raised their price target on Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price target on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Morgan Stanley raised their price target on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Finally, Stephens started coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price target for the company. 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 stock. Based on data from MarketBeat, Mister Car Wash has a consensus rating of "Hold" and an average target price of $8.57.

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.