Joseph Duane Matheny Sells 30,742 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $8.07, for a total transaction of $248,087.94. Following the transaction, the insider now owns 81,206 shares in the company, valued at $655,332.42. The trade was a 27.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction 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 transaction of $598,147.20.

Mister Car Wash Stock Performance

MCW opened at $7.53 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $7.45 and its two-hundred day moving average price is $7.16. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.55. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.65 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MCW shares. Wells Fargo & Company dropped their target price on shares of 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 boosted their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens began coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.57.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently made changes to their positions in MCW. The Manufacturers Life Insurance Company raised its holdings in shares of Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of Mister Car Wash in the fourth quarter valued at about $10,392,000. Marshall Wace LLP raised its holdings in shares of Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock valued at $15,693,000 after purchasing an additional 1,094,751 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mister Car Wash by 43.9% in the fourth 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 holdings in shares of Mister Car Wash by 25.1% in the fourth 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.

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.