Jedidiah Marc Gold Sells 66,122 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at $381,707.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, November 6th, Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock. The stock was sold at an average price of $8.22, for a total transaction of $2,981,048.76.
• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26.
• 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 Price Performance

NYSE:MCW traded down $0.30 during trading hours on Wednesday, reaching $7.98. 1,262,728 shares of the company’s stock were exchanged, compared to its average volume of 1,662,045. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.57 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.45. The business’s 50-day simple moving average is $6.74 and its two-hundred day simple moving average is $6.92.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCW shares. The Goldman Sachs Group boosted their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. 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, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Institutional Trading of Mister Car Wash

A number of hedge funds have recently bought and sold shares of MCW. AQR Capital Management LLC increased 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 worth $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after purchasing an additional 3,571,675 shares during the period. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after purchasing an additional 731,366 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after purchasing an additional 535,873 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after purchasing an additional 145,374 shares in the last quarter.

Mister Car Wash Company Profile

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.