Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 30,742 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 30,742 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.07, for a total transaction of $248,087.94. Following the completion of the sale, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $655,332.42. This trade represents a 27.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joseph Duane Matheny also recently made the following trade(s):

• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The shares were sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Performance

MCW traded up $0.67 on Friday, reaching $8.49. The stock had a trading volume of 2,909,110 shares, compared to its average volume of 1,273,978. The business's 50-day moving average price is $7.47 and its two-hundred day moving average price is $7.17. The company has a market cap of $2.74 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.55. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

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Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group lifted their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of 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. Finally, Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.57.

Hedge Funds Weigh In On Mister Car Wash

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position 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 valued at $23,639,000 after buying an additional 3,571,675 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Mister Car Wash during the fourth quarter worth $10,392,000. Marshall Wace LLP raised its position in Mister Car Wash by 103.5% during the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock worth $15,693,000 after acquiring an additional 1,094,751 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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. Finally, The Manufacturers Life Insurance Company grew its position in shares of 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 during the period.

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.