Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 74,304 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $116,362.00.
• On Tuesday, November 5th, Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total transaction of $188,865.09.

Mister Car Wash Trading Down 0.6 %

Shares of NYSE MCW traded down $0.05 during midday trading on Monday, hitting $7.97. 1,019,686 shares of the company traded hands, compared to its average volume of 1,124,995. The firm has a market cap of $2.57 billion, a P/E ratio of 34.65, a P/E/G ratio of 1.77 and a beta of 1.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The stock has a 50-day moving average price of $7.48 and a 200 day moving average price of $7.10. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45.

Hedge Funds Weigh In On Mister Car Wash

Institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in shares of Mister Car Wash by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock worth $343,000 after acquiring an additional 4,000 shares during the period. Blue Trust Inc. increased its stake in Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after buying an additional 5,032 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock worth $355,000 after purchasing an additional 5,702 shares during the period. Ariadne Wealth Management LP bought a new stake in Mister Car Wash in the 2nd quarter valued at $73,000. Finally, Victory Capital Management Inc. boosted its stake in Mister Car Wash by 19.5% during 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 during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their price target 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. Stephens assumed coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price objective for the company. Morgan Stanley decreased their price objective on Mister Car Wash from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group boosted their target price on Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.81.

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.