Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $291,980.52 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 36,452 shares of the business’s stock in a transaction dated 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 owns 84,895 shares in the company, valued at $680,008.95. The trade was a 30.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 stock was 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 shares were 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 shares were sold at an average price of $8.01, for a total value 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 value of $598,147.20.

Mister Car Wash Trading Down 0.9 %

Shares of MCW stock opened at $8.10 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 1.65 and a beta of 1.60. The stock has a 50 day simple moving average of $7.75 and a 200-day simple moving average of $7.33. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MCW. The Manufacturers Life Insurance Company raised its stake in shares of Mister Car Wash by 6,003.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after buying an additional 3,571,675 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Mister Car Wash during the 4th quarter worth approximately $10,392,000. Marshall Wace LLP raised its stake in shares of Mister Car Wash by 103.5% during the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock worth $15,693,000 after buying an additional 1,094,751 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 958,479 shares during the last quarter. Finally, 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.

Analysts Set New Price Targets

MCW has been the topic of a number of recent research reports. UBS Group upped their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Raymond James started coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Stephens started coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Wells Fargo & Company decreased their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley boosted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.43.

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.