Jedidiah Marc Gold Sells 2,500 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 2,500 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $8.00, for a total value of $20,000.00. Following the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at approximately $358,832. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jedidiah Marc Gold also recently made the following trade(s):

• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26.

Mister Car Wash Stock Performance

NYSE:MCW traded up $0.01 on Monday, hitting $7.94. The company's stock had a trading volume of 2,706,764 shares, compared to its average volume of 1,663,880. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average of $6.52 and a two-hundred day moving average of $6.86. The firm has a market capitalization of $2.56 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.60. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $9.45.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter last year, the business posted $0.06 EPS. The company's revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MCW. UBS Group upped their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday. The Goldman Sachs Group raised their target price on Mister Car Wash from $5.00 to $6.00 and gave the company a "sell" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.25.

Institutional Trading of Mister Car Wash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company's stock worth $60,000 after purchasing an additional 7,617 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Mister Car Wash by 26.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company's stock valued at $281,000 after buying an additional 9,100 shares in the last quarter. SG Americas Securities LLC bought a new stake in Mister Car Wash in the 3rd quarter valued at $331,000. Sanctuary Advisors LLC bought a new stake in shares of Mister Car Wash in the 2nd quarter worth about $112,000. Finally, Ariadne Wealth Management LP purchased a new position in shares of Mister Car Wash during the 2nd quarter worth about $73,000.

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.

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