Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 36,452 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 36,452 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $8.01, for a total value of $291,980.52. Following the sale, the insider now directly owns 84,895 shares in the company, valued at approximately $680,008.95. The trade was a 30.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $4,782.00.
• On Monday, March 3rd, Joseph Duane Matheny sold 1,378 shares of Mister Car Wash stock. The shares were sold at an average price of $8.44, for a total value of $11,630.32.
• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The stock was 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 stock was sold at an average price of $8.01, for a total transaction 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 transaction of $598,147.20.

Mister Car Wash Price Performance

NYSE:MCW traded up $0.08 on Wednesday, hitting $8.14. The company had a trading volume of 1,261,130 shares, compared to its average volume of 1,333,924. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.65 and a beta of 1.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $7.68 and a two-hundred day moving average of $7.31.

Institutional Investors Weigh In On Mister Car Wash

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens initiated coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective on the stock. Morgan Stanley increased their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Raymond James initiated coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective for the company. UBS Group raised their price target 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, Wells Fargo & Company cut their target price 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. One research 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. Based on data from MarketBeat.com, Mister Car Wash currently has an average rating of “Hold” and an average price target of $8.75.

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.