Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 144,319 Shares of Stock

by · The Cerbat Gem

Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) CFO Jedidiah Marc Gold sold 144,319 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $338,199.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total value of $20,000.00.

Mister Car Wash Stock Performance

Mister Car Wash stock traded up $0.01 during midday trading on Monday, hitting $7.94. 2,706,764 shares of the company were exchanged, compared to its average volume of 1,663,880. The firm has a market capitalization of $2.56 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.60. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.45. The business has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $6.86. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.27.

Mister Car Wash (NYSE:MCW – Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. During the same period last year, the company earned $0.06 earnings per share. Mister Car Wash’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MCW shares. UBS Group boosted their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Read Our Latest Research Report on Mister Car Wash

Institutional Trading of Mister Car Wash

Several institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after acquiring an additional 535,873 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after acquiring an additional 337,272 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after acquiring an additional 315,679 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Mister Car Wash by 30.5% in the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after acquiring an additional 150,641 shares in the last quarter.

About Mister Car Wash

(Get Free Report)

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.

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