Joseph Duane Matheny Sells 2,119 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 2,119 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $14,684.67. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $562,757.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 14th, Joseph Duane Matheny sold 16,416 shares of Mister Car Wash stock. The shares were sold at an average price of $8.01, for a total transaction of $131,492.16.

Mister Car Wash Stock Performance

NYSE:MCW opened at $7.12 on Friday. Mister Car Wash, Inc. has a 12-month low of $4.80 and a 12-month high of $10.07. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.27 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.67. The firm has a 50-day moving average price of $7.11 and a 200 day moving average price of $7.73.

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

Institutional Trading of Mister Car Wash

Several hedge funds have recently modified their holdings of MCW. Brown Advisory Inc. increased its holdings in shares of Mister Car Wash by 14.4% during the fourth quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock worth $116,948,000 after buying an additional 1,706,435 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Mister Car Wash by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock worth $139,588,000 after buying an additional 1,409,892 shares in the last quarter. Woodson Capital Management LP increased its holdings in shares of Mister Car Wash by 80.5% during the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock worth $23,328,000 after buying an additional 1,203,863 shares in the last quarter. Rip Road Capital Partners LP acquired a new stake in shares of Mister Car Wash during the fourth quarter worth approximately $4,798,000. Finally, Sea Cliff Partners Management LP bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $4,218,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCW. Mizuho began coverage on shares of Mister Car Wash in a research note on Tuesday, March 19th. They set a “buy” rating and a $11.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.56.

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 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.