John Lo-Minn Lai Sells 33,904 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 33,904 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the completion of the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.12 on Friday. The company has a market capitalization of $2.27 billion, a PE ratio of 30.96, a PEG ratio of 2.19 and a beta of 1.67. Mister Car Wash, Inc. has a 12 month low of $4.80 and a 12 month high of $10.07. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $7.11 and its 200 day simple moving average is $7.73.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $239.18 million for the quarter, compared to analyst estimates of $244.06 million. Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. On average, research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Institutional Trading of Mister Car Wash

Several hedge funds have recently added to or reduced their stakes in the business. Kodai Capital Management LP acquired a new stake in Mister Car Wash during the 1st quarter worth $481,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after purchasing an additional 2,479 shares during the period. Bessemer Group Inc. raised its stake in shares of Mister Car Wash by 9.9% in the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after purchasing an additional 1,824 shares during the period. Sei Investments Co. raised its stake in shares of Mister Car Wash by 30.5% in the 1st quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after purchasing an additional 150,641 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Mister Car Wash by 13.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock valued at $446,000 after purchasing an additional 6,779 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective on the stock in a research report on Friday, May 3rd. Wells Fargo & Company reduced their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Finally, Mizuho assumed coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.56.

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.