Joseph Duane Matheny Sells 102,456 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 102,456 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $6.30, for a total transaction of $645,472.80. Following the sale, the insider now owns 88,196 shares in the company, valued at approximately $555,634.80. This represents a 53.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 2nd, Joseph Duane Matheny sold 2,625 shares of Mister Car Wash stock. The shares were sold at an average price of $6.69, for a total transaction of $17,561.25.
• On Tuesday, May 13th, Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $6.15 on Thursday. The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.38. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. 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 company has a market cap of $2.00 billion, a P/E ratio of 27.96, a PEG ratio of 1.65 and a beta of 1.57.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Institutional Trading of Mister Car Wash

Large investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after acquiring an additional 2,649 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Mister Car Wash during the fourth quarter valued at about $945,000. D. E. Shaw & Co. Inc. bought a new position in shares of Mister Car Wash during the 4th quarter worth about $577,000. Accurate Wealth Management LLC bought a new position in shares of Mister Car Wash during the 1st quarter worth about $983,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after buying an additional 958,479 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MCW shares. Stephens lowered their target price on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. UBS Group decreased their price target on Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Raymond James Financial began coverage on Mister Car Wash in a research note on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on Mister Car Wash in a report on Tuesday, June 3rd. They issued a “sell” rating and a $6.25 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.50.

Mister Car Wash Company Profile

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.