Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells 6,410 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 6,410 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $650,460.06. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

Mister Car Wash stock opened at $7.26 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.59. The stock has a fifty day moving average of $7.45 and a two-hundred day moving average of $7.14. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.68 and a beta of 1.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Forum Financial Management LP acquired a new stake in shares of Mister Car Wash during the 4th quarter worth about $81,000. Neo Ivy Capital Management purchased a new stake in Mister Car Wash in the 4th quarter worth approximately $381,000. PharVision Advisers LLC acquired a new position in Mister Car Wash in the 4th quarter valued at $330,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Mister Car Wash during the 4th quarter worth $145,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Mister Car Wash by 46.0% during the fourth quarter. ProShare Advisors LLC now owns 28,548 shares of the company’s stock worth $208,000 after purchasing an additional 8,991 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MCW shares. Morgan Stanley upped 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 research note on Thursday. Wells Fargo & Company dropped their price objective 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. Stephens started coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price on the stock. Finally, UBS Group raised their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.57.

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.