Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $51,344.10 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $598,147.20.

Mister Car Wash Trading Down 3.0 %

Shares of Mister Car Wash stock opened at $7.26 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The company has a market capitalization of $2.34 billion, a P/E ratio of 32.98, a PEG ratio of 1.68 and a beta of 1.63. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.59. The company’s fifty day moving average is $7.45 and its two-hundred day moving average is $7.14.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Mister Car Wash during the fourth quarter worth $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the fourth quarter worth $79,000. Forum Financial Management LP purchased a new position in Mister Car Wash in the 4th quarter valued at $81,000. Finally, BNP Paribas Financial Markets acquired a new position in Mister Car Wash in the 4th quarter valued at $96,000.

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.