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

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 of the company’s stock, valued at $655,332.42. This represents a 27.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was 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 stock was sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Trading Up 0.9 %

Shares of Mister Car Wash stock opened at $7.53 on Wednesday. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month 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. 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 50-day moving average price is $7.45 and its 200-day moving average price is $7.16.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. UBS Group increased their price target 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. 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 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.57.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $81,000. Neo Ivy Capital Management purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $381,000. PharVision Advisers LLC purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $330,000. Sherbrooke Park Advisers LLC purchased a new stake in Mister Car Wash in the fourth quarter valued at approximately $145,000. Finally, ProShare Advisors LLC raised its stake in Mister Car Wash by 46.0% in the fourth quarter. ProShare Advisors LLC now owns 28,548 shares of the company’s stock valued at $208,000 after purchasing an additional 8,991 shares in 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.