Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 74,304 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the sale, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. The trade was a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 1st, Joseph Duane Matheny sold 14,600 shares of Mister Car Wash stock. The stock was sold at an average price of $7.97, for a total value of $116,362.00.
• On Tuesday, November 5th, Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $188,865.09.

Mister Car Wash Price Performance

NYSE MCW traded up $0.29 during trading hours on Thursday, hitting $8.27. The company had a trading volume of 1,451,299 shares, compared to its average volume of 1,045,421. The firm has a 50 day simple moving average of $7.47 and a 200 day simple moving average of $7.09. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.58 and a beta of 1.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company had revenue of $249.33 million during the quarter, compared to analysts’ expectations of $249.15 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. Mister Car Wash’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts expect that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MCW. Blue Trust Inc. grew its position in Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after buying an additional 5,032 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Mister Car Wash by 13.3% during the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after purchasing an additional 5,702 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Mister Car Wash by 26.8% during the third quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock worth $281,000 after purchasing an additional 9,100 shares in the last quarter. Ariadne Wealth Management LP bought a new position in shares of Mister Car Wash in the second quarter worth approximately $73,000. Finally, Victory Capital Management Inc. raised its stake in Mister Car Wash by 19.5% in the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock valued at $414,000 after purchasing an additional 10,377 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MCW shares. UBS Group lifted their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.81.

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.