Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $291,980.52 in Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 36,452 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the sale, the insider now directly owns 84,895 shares of the company's stock, valued at $680,008.95. This represents a 30.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $4,782.00.
• On Monday, March 3rd, Joseph Duane Matheny sold 1,378 shares of Mister Car Wash stock. The shares were sold at an average price of $8.44, for a total value of $11,630.32.
• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The shares were sold at an average price of $8.07, for a total value of $248,087.94.
• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total value 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 Trading Down 0.9 %

NYSE MCW traded down $0.07 during trading hours on Friday, hitting $8.10. 1,835,910 shares of the company were exchanged, compared to its average volume of 1,543,795. The stock has a 50-day moving average price of $7.75 and a 200 day moving average price of $7.34. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56. The stock has a market cap of $2.62 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price 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. Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 target price on the stock. Stephens assumed 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 on the stock. Finally, UBS Group boosted their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Mister Car Wash presently has a consensus rating of "Hold" and a consensus price target of $8.43.

Institutional Investors Weigh In On Mister Car Wash

Several large investors have recently added to or reduced their stakes in MCW. Quantinno Capital Management LP bought a new stake in Mister Car Wash during the fourth quarter worth approximately $77,000. Quarry LP bought a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $79,000. Forum Financial Management LP bought a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $96,000. Finally, Blue Trust Inc. grew its stake in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after buying an additional 5,032 shares during the last quarter.

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.