Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai Sells 22,039 Shares

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mister Car Wash Stock Down 3.1 %

MCW stock traded down $0.26 during trading on Tuesday, reaching $8.21. 1,449,203 shares of the stock were exchanged, compared to its average volume of 1,325,425. The firm’s 50 day moving average is $7.53 and its 200 day moving average is $7.20. The firm has a market cap of $2.66 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56.

Hedge Funds Weigh In On Mister Car Wash

A number of institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP acquired a new stake in Mister Car Wash in the 4th quarter valued at $77,000. Quarry LP bought a new position in shares of Mister Car Wash in the fourth quarter valued at $79,000. Forum Financial Management LP acquired a new position in shares of Mister Car Wash during the fourth quarter valued at about $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash during the fourth quarter valued at about $96,000. Finally, Blue Trust Inc. increased its position in shares of 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 acquiring an additional 5,032 shares in the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Stephens assumed coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.57.

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.