Mister Car Wash, Inc. (NYSE:MCW) CFO Sells $359,363.00 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 42,278 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $381,259. This trade represents a 48.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71.

Mister Car Wash Price Performance

Shares of MCW stock traded down $0.26 during trading hours on Tuesday, hitting $8.21. The company’s stock had a trading volume of 1,449,203 shares, compared to its average volume of 1,325,425. 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 business has a fifty day moving average of $7.53 and a 200-day moving average of $7.20. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.65 and a beta of 1.63.

Analysts Set New Price Targets

A number of research firms recently commented on MCW. Wells Fargo & Company decreased their price objective 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. UBS Group boosted their price target on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley upped their price target on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Finally, Stephens initiated coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.57.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently bought and sold shares of the stock. FIL Ltd lifted its position in shares of Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after acquiring an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares in the last quarter. State Street Corp boosted its stake in shares of Mister Car Wash by 1.9% during the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after buying an additional 958,479 shares in the last quarter.

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.