Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 1,378 Shares

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 1,378 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total value of $11,630.32. Following the completion of the sale, the insider now owns 84,895 shares of the company's stock, valued at approximately $716,513.80. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Up 0.6 %

MCW traded up $0.05 during midday trading on Friday, reaching $7.96. 1,741,622 shares of the company were exchanged, compared to its average volume of 1,344,146. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.56. The stock has a market capitalization of $2.58 billion, a P/E ratio of 36.18, a PEG ratio of 1.65 and a beta of 1.60. The stock's 50-day simple moving average is $7.57 and its 200 day simple moving average is $7.22.

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Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCW. Quantinno Capital Management LP bought a new position in Mister Car Wash during the fourth quarter worth about $77,000. Quarry LP bought a new position in Mister Car Wash during the fourth quarter worth about $79,000. Forum Financial Management LP bought a new position in Mister Car Wash during the fourth quarter worth about $81,000. BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash during the 4th quarter valued at about $96,000. Finally, Blue Trust Inc. lifted its holdings in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on MCW shares. Wells Fargo & Company lowered their price objective 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 lifted their price objective 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. UBS Group lifted their price objective 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. Finally, Stephens started coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Mister Car Wash has an average 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.