Mister Car Wash, Inc. (NYSE:MCW) Receives $8.43 Average PT from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.43.

Several analysts have recently commented on MCW shares. Stephens began coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price objective for the company. 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 report on Monday, January 6th. UBS Group upped their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley raised 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. Finally, Raymond James began coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective for the company.

Insider Transactions at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was 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 owns 81,206 shares of the company's stock, valued at $653,708.30. The trade was a 47.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.51, for a total value of $792,459.71. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $471,768.87. This trade represents a 62.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 360,313 shares of company stock worth $2,995,270 over the last 90 days. 70.00% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MCW. Jefferies Financial Group Inc. purchased a new position in shares of Mister Car Wash during the 4th quarter valued at approximately $213,000. Forum Financial Management LP acquired a new stake in Mister Car Wash during the fourth quarter valued at $81,000. Neo Ivy Capital Management purchased a new position in Mister Car Wash in the fourth quarter valued at $381,000. PharVision Advisers LLC acquired a new position in shares of Mister Car Wash in the fourth quarter worth about $330,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Mister Car Wash during the 4th quarter worth about $145,000.

Mister Car Wash Stock Up 0.4 %

Shares of NYSE MCW traded up $0.03 during trading hours on Friday, hitting $7.92. 1,663,802 shares of the stock were exchanged, compared to its average volume of 1,590,422. Mister Car Wash has a 12 month low of $5.84 and a 12 month high of $8.60. The firm has a fifty day moving average price of $7.89 and a 200-day moving average price of $7.44. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.57 billion, a PE ratio of 36.00, a PEG ratio of 1.65 and a beta of 1.60.

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.