Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai Sells 198,200 Shares

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.01, for a total value of $1,191,182.00. Following the sale, the chief executive officer now directly owns 2,564,226 shares in the company, valued at $15,410,998.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

John Lo-Minn Lai also recently made the following trade(s):

• On Monday, September 11th, John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock. The stock was sold at an average price of $6.38, for a total value of $1,264,516.00.
• On Wednesday, August 16th, John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock. The stock was sold at an average price of $6.73, for a total value of $1,333,886.00.
• On Thursday, August 10th, John Lo-Minn Lai sold 77,730 shares of Mister Car Wash stock. The shares were sold at an average price of $7.06, for a total transaction of $548,773.80.
• On Monday, July 17th, John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock. The shares were sold at an average price of $9.52, for a total transaction of $1,886,864.00.
• On Monday, July 10th, John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock. The shares were sold at an average price of $9.74, for a total transaction of $1,930,468.00.
• On Wednesday, June 28th, John Lo-Minn Lai sold 198,200 shares of Mister Car Wash stock. The stock was sold at an average price of $8.65, for a total value of $1,714,430.00.
• On Monday, June 26th, John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock. The stock was sold at an average price of $8.46, for a total value of $286,827.84.

Mister Car Wash Price Performance

Mister Car Wash stock opened at $6.04 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $1.89 billion, a P/E ratio of 23.21, a P/E/G ratio of 4.31 and a beta of 1.21. The business’s fifty day moving average is $7.78 and its two-hundred day moving average is $8.39. Mister Car Wash, Inc. has a 52 week low of $5.98 and a 52 week high of $11.14.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Mister Car Wash had a net margin of 10.06% and a return on equity of 11.61%. The company had revenue of $236.89 million for the quarter, compared to the consensus estimate of $240.54 million. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MCW. Morgan Stanley dropped their target price on Mister Car Wash from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, September 11th. Piper Sandler raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $9.00 to $12.00 in a report on Monday, August 28th. Guggenheim initiated coverage on shares of Mister Car Wash in a report on Thursday, June 29th. They set a “buy” rating and a $11.00 price target for the company. Finally, William Blair initiated coverage on shares of Mister Car Wash in a report on Friday, September 8th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Mister Car Wash has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Trading of Mister Car Wash

Hedge funds have recently modified their holdings of the stock. Ibex Investors LLC bought a new stake in shares of Mister Car Wash during the first quarter valued at approximately $129,000. Greenhouse Funds LLLP increased its position in Mister Car Wash by 19.3% in the first quarter. Greenhouse Funds LLLP now owns 2,650,214 shares of the company’s stock worth $22,845,000 after purchasing an additional 429,477 shares during the period. Brown Advisory Inc. increased its position in Mister Car Wash by 35.4% in the first quarter. Brown Advisory Inc. now owns 11,150,085 shares of the company’s stock worth $96,114,000 after purchasing an additional 2,916,774 shares during the period. Summit Creek Advisors LLC increased its position in Mister Car Wash by 23.6% in the fourth quarter. Summit Creek Advisors LLC now owns 1,164,245 shares of the company’s stock worth $10,746,000 after purchasing an additional 222,005 shares during the period. Finally, FIL Ltd increased its position in Mister Car Wash by 6.5% in the first quarter. FIL Ltd now owns 7,325,000 shares of the company’s stock worth $63,142,000 after purchasing an additional 450,000 shares during the period.

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 was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021. Mister Car Wash, Inc was founded in 1969 and is headquartered in Tucson, Arizona.