Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $51,344.10 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $650,460.06. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Performance

MCW stock traded down $0.09 on Wednesday, hitting $7.60. The company’s stock had a trading volume of 1,324,514 shares, compared to its average volume of 1,095,183. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. The firm has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.13. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.14.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently made changes to their positions in MCW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock worth $392,000 after buying an additional 2,364 shares during the last quarter. Swiss National Bank grew its stake in shares of Mister Car Wash by 1.4% in the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after purchasing an additional 2,600 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Mister Car Wash by 22.6% in the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after purchasing an additional 2,649 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Mister Car Wash by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock valued at $425,000 after purchasing an additional 3,255 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Mister Car Wash by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock worth $343,000 after purchasing an additional 4,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MCW. Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stephens began coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. Finally, UBS Group lifted their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.36.

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.