Joseph Duane Matheny Sells 36,452 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 36,452 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $8.01, for a total transaction of $291,980.52. Following the completion of the sale, the insider now directly owns 84,895 shares of the company’s stock, valued at approximately $680,008.95. This represents a 30.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 13th, Joseph Duane Matheny sold 600 shares of Mister Car Wash stock. The shares were sold at an average price of $7.97, for a total value of $4,782.00.
• On Monday, March 3rd, Joseph Duane Matheny sold 1,378 shares of Mister Car Wash stock. The shares were sold at an average price of $8.44, for a total value of $11,630.32.
• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The stock was sold at an average price of $8.07, for a total value of $248,087.94.
• 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 Up 1.0 %

Shares of Mister Car Wash stock opened at $8.14 on Thursday. The company has a market capitalization of $2.64 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The business has a 50-day moving average of $7.71 and a two-hundred day moving average of $7.31. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.56.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of analyst reports. Wells Fargo & Company lowered 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 report on Monday, January 6th. Morgan Stanley raised their price target on 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. Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective for the company. UBS Group raised their target price on 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 started 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 for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Mister Car Wash currently has a consensus rating of “Hold” and an average target price of $8.43.

Institutional Trading of Mister Car Wash

A number of large investors have recently bought and sold shares of the business. FIL Ltd lifted its stake in Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after buying an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after acquiring an additional 912,944 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. State Street Corp increased its holdings in Mister Car Wash by 1.9% during the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 43.9% in the 4th 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 period.

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.